A strong candidate for long term Infra Stock NSE: NILAINFRA
Technical Analysis of NSE: NILAINFRA
Nila Infrastructures Limited (NSE: NILAINFRA) has shown some interesting technical patterns and indicators. Here’s a detailed analysis based on the latest data:
Price Movement and Trends
Current Price: As of the latest data, the stock is trading around ₹11.97.
52-Week Range: The stock has fluctuated between ₹4.90 and ₹14.50 over the past year1.
Recent Performance: The stock has seen a significant rise, with a 55.94% increase in the last year2.
Technical Indicators
Moving Averages: The stock is trading above its 200-day moving average, which is a bullish sign. However, it is close to its 50-day moving average, indicating potential consolidation.
Relative Strength Index (RSI): The RSI is currently neutral, suggesting neither overbought nor oversold conditions.
MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, indicating a bullish trend.
Volume: There has been an increase in trading volume, which often precedes significant price movements.
Support and Resistance Levels
Support: The immediate support level is around ₹11.40.
Resistance: The immediate resistance level is around ₹12.69. A breakout above this level could signal further upward movement.
Fundamental Analysis
Debt Levels: Nila Infrastructures has a significant amount of debt, which could pose a risk if not managed properly3.
Profitability: The company has shown poor profit growth over the past few years, with a negative growth rate1.
Valuation: The stock is trading at a high P/E ratio of 41.46, indicating that it might be overvalued at current levels1.
Investment Advice
Given the technical and fundamental analysis, here are some considerations for long-term investment:
I would be interested in a Long Position if theres a breakout with good volume:
Nila Infrastructures Limited (NSE: NILAINFRA) has shown some interesting technical patterns and indicators. Here’s a detailed analysis based on the latest data:
Price Movement and Trends
Current Price: As of the latest data, the stock is trading around ₹11.97.
52-Week Range: The stock has fluctuated between ₹4.90 and ₹14.50 over the past year1.
Recent Performance: The stock has seen a significant rise, with a 55.94% increase in the last year2.
Technical Indicators
Moving Averages: The stock is trading above its 200-day moving average, which is a bullish sign. However, it is close to its 50-day moving average, indicating potential consolidation.
Relative Strength Index (RSI): The RSI is currently neutral, suggesting neither overbought nor oversold conditions.
MACD (Moving Average Convergence Divergence): The MACD line is above the signal line, indicating a bullish trend.
Volume: There has been an increase in trading volume, which often precedes significant price movements.
Support and Resistance Levels
Support: The immediate support level is around ₹11.40.
Resistance: The immediate resistance level is around ₹12.69. A breakout above this level could signal further upward movement.
Fundamental Analysis
Debt Levels: Nila Infrastructures has a significant amount of debt, which could pose a risk if not managed properly3.
Profitability: The company has shown poor profit growth over the past few years, with a negative growth rate1.
Valuation: The stock is trading at a high P/E ratio of 41.46, indicating that it might be overvalued at current levels1.
Investment Advice
Given the technical and fundamental analysis, here are some considerations for long-term investment:
I would be interested in a Long Position if theres a breakout with good volume:
- The stock has shown strong upward momentum over the past year.
- Technical indicators like MACD and moving averages suggest a bullish trend.
- High promoter holding (61.9%) indicates confidence in the company.