Weekly Recap:
The Nifty 50 closed the week at 22,795.90, marking a significant decline of -0.51%. The bearish momentum dominated the market, pulling the index lower as selling pressure intensified.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial zone to watch for any potential reversals or trend continuation is between 22,721 - 22821.
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Daily Chart Outlook
1. Short-Term Bias
The stock is caught between a major support cluster (7,245–7,500) and the lower Fair Value Gap near 8,434–8,500.
If bulls can reclaim 8,434 decisively on a daily closing basis, it suggests a push toward the upper FVG (9,045–9,244).
2. Bearish or Bullish Triggers
Bearish: A failure to hold above 8,432–8,434...
Over the past five years, Nava Limited has achieved a compound annual profit growth rate of 31.3%, underscoring its strong earnings trajectory. The company's current ratio stands at 8.11, reflecting a solid liquidity position and its capability to meet short-term obligations.
Recent Financial Highlights
Dec-Quarter Consolidated Net Profit: ₹2.5 billion
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Deccan Cements Ltd is approaching its breakout level of ₹740, with its current price at ₹683. A move above ₹740 may trigger an upward trend. The potential targets are ₹750, ₹770, and ₹800.
Hindustan Foods Ltd is nearing its breakout point at ₹625, currently trading at ₹578. A rise beyond ₹625 could initiate an upward trend, with possible targets at ₹640, ₹660, and ₹700.
Cholamandalam Investment and Finance Company Ltd is approaching its breakout level of ₹1,475, currently trading at ₹1,375. A move beyond ₹1,475 may signal bullish momentum, with potential price targets at ₹1,500, ₹1,525, and ₹1,550.
Narayana Hrudayalaya Ltd is nearing its breakout level of ₹1,425, currently trading at ₹1,367. A rise beyond ₹1,425 could initiate an upward trend, with potential targets at ₹1,440, ₹1,460, and ₹1,500.
GlaxoSmithKline Pharmaceuticals Ltd is approaching its breakout level of ₹2,865, currently trading at ₹2,536. A move beyond ₹2,865 could signal bullish momentum, with potential targets at ₹2,880, ₹2,900, and ₹2,950.
Manappuram Finance Ltd is approaching its breakout level of ₹212, currently trading at ₹193.22. A move beyond ₹212 could signal bullish momentum, with potential targets at ₹220, ₹230, and ₹250.
Castrol India Ltd is approaching its breakout level of ₹235, currently trading at ₹208.50. A move above ₹235 could signal a bullish trend, with potential targets at ₹245, ₹255, and ₹275.
Nitiraj Engineers Ltd is nearing its breakout level of ₹320, currently trading at ₹308. A rise beyond ₹320 could indicate a bullish trend, with potential targets at ₹330, ₹345, and ₹355.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
Q3FY25 Performance
Sales volume: Up 15% QoQ, from 7.60 mn tonnes to 8.77 mn tonnes.
EBITDA: Jumped from ₹593 crore to ₹947 crore.
PAT: More than doubled from ₹93 crore to ₹229 crore.
Net revenue: Grew 14% QoQ to ₹4,235 crore.
Growth Outlook
Cement demand expected to rise due to:
1. Higher rural consumption (boosted by better farm cash flows).
2. Strong urban...
Weekly Recap:
The Bank Nifty closed the week at 49,099.45, posting a decline of -2.11%. The index faced selling pressure throughout the week, reflecting broader market weakness.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial range to watch for potential reversals or trend continuation is 48,996 - 49,182.
Support & Resistance Levels:...
Weekly Recap:
The Nifty 50 closed the week at 22,929.25, marking a significant decline of -2.68%. The bearish momentum dominated the market, pulling the index lower as selling pressure intensified.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial zone to watch for any potential reversals or trend continuation is between 22,977 - 23,067.
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Analysis Timeframe: Daily
Analysis Type: Price Action | Fair Value Gaps (FVG) | Order Blocks (OB) |Fundamantals
Manappuram Finance reports a 6% YoY rise in Q3 net profit to ₹453 crore, with revenue growing 35.1% YoY. The company declares an interim dividend of ₹1 per share, highlighting strong financial performance.
Mannapuram is currently trading at 194.06,...
Technical Analysis:
Ashok Leyland has maintained a robust bullish trend for an extended period. Since 2018, the stock faced significant resistance at the ₹160-₹168 level, which acted as a major barrier from 2016 to 2023. In June 2023, this resistance was decisively broken, turning it into strong support and confirming the continuation of the bullish trend.
In...
