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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.