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BSHSL | Agriculture Stock to Watch | Pre-Budget Technical StudyBombay Super Hybrid Seeds Ltd (BSHSL) With the Union Budget approaching on 1st Feb and Agriculture expected to remain a key focus sector, BSHSL is showing an interesting technical structure after a prolonged correction. This study highlights important price levels, trend context, and what to watch next. 📉 Primary Trend Stock is still trading below the long-term 200 EMA, indicating a broader bearish trend However, the rate of decline has slowed, suggesting selling pressure is reducing 🧱 Support Zone (Demand Area) ₹95 – ₹100 is a strong historical demand zone Price has reacted positively multiple times from this range This zone acts as a risk-defined area for positional tracking 📊 Immediate Resistance Levels ₹105 – ₹108 → First short-term supply zone ₹112 – ₹115 → Breakdown + EMA resistance zone A sustained move above these levels can change short-term structure 📈 Volume Insight A recent volume spike near the bottom indicates accumulation interest Volume confirmation is important for any upside continuation 📉 Relative Strength (RS) vs NIFTY RS remains below zero, showing underperformance However, RS is flattening, which often appears before sector rotation or reversal attempts 🎯 What Makes This Stock Interesting Now? 🌾 Agriculture is a budget-favored theme 📉 Stock has already corrected significantly 🧱 Price is holding above a key demand base 🔄 Possible base-building phase underway 🧠 Conclusion: BSHSL is not yet in a confirmed uptrend, but the stock is at an important decision zone. A budget-triggered move with volume could bring fresh momentum, while the support zone helps define risk. ⚠️ Disclaimer: This is not a buy or sell recommendation. Shared purely for educational and study purposes. Always do your own research and follow risk management.
NSE:BSHSLLong
by apstockanalysis
'SAKSOFT' ready for a 'LOFT'Finally, SAKSOFT has given a breakout from huge consolidation of almost 1yr. During this period, it constructed a massive inverted head and shoulder pattern whose depth is 36% and breakout came above 1140. Both volume and RSI are supporting the up move. RSI is breaching above 60. Volume has started buzzing despite Nifty IT lacking strength. The only thing to ponder is stock is going to split on 23rd hence traders who avoid playing events are advised to be on the backfoot or sit with a tight stop and the event trader can take an aggressive stance.
NSE:SAKSOFTLong
by Chaser30
Indian Bank - Merger diving the rally.A short term view : The stock is showing a turnaround in the higher timeframe setup. The reason is obviously the merger as the major momentum came after the budget. For now the flag pattern is emerging and a breakout in the upper direction can give a good push and good returns. A long term view : No doubt Allahabad bank has the largest number of fixed assets compared to other banks in the country but the NPA's too, rising on average of 5% p.a. for the last 3 years. Forget the the bank acquired, Indian Bank NPA's rose at 17% average for the same period. NPA's (Gross) do not affect the stock prices as much as they are tend to be commercialized in the journals. Although, the relationship is significant but not very strong. The story is a bit different with Net NPA or Provision. With that said, the bank still shows signs of a high curvature from the last trajectory.
NSE:INDIANBLong
by Sarthak_Singh