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PSP PROJECTS: Trend reversal into buy territory in offing📊 NSE:PSPPROJECT - Technical Analysis - February 4, 2024, 14:18 IST 🚧 Company Overview: 🏗 PSP Projects Limited is a prominent player in the construction sector, providing comprehensive services from planning and design to post-construction activities across industrial, institutional, government, and residential projects. The company caters to both private and public sectors, showcasing versatility and efficiency in its operations. Market Performance: 📉➡️📈 After a recent fall, PSP Projects showcased a commendable recovery, jumping 1.53% on February 2, 2024, closing at approximately 766.50, above the 0.5 Fibonacci level. This significant bounce could indicate a potential trend reversal and sustained buying interest. Technical Indicators: 🛠 Fibonacci Levels: Closed above the 0.5 level at 766.50, hinting at a trend reversal. Moving Averages: Successfully crossed over both the 50-day and 200-day moving averages on February 2, 2024, signaling a notable turnaround. EMA & MACD: Entered positive territory, indicating bullish momentum. Parabolic SAR: Emitting a buy signal. MACD: In the buy territory with MC at 0.88 and signal at -1.45, histogram at 2.33. RSI: At 75.87, above the upper band and showing bullish momentum. %R: Trending upward, indicating strength. Fisher Transform: Indicates a buying crossover, showing strong support for the upcoming days. Entry Levels: 🎯 Aggressive Investors: Entry at 772.00. First target at 784.05, with a second target of 789.10. Conservative Investors: Consider entering at 776.00. Target and Stop Loss Levels: 🎯 Target 1: 784.05. 🎯 Target 2: 901.35. 🎯 Target 3: 817.50. 🎯 Stop Loss: 756.15. Market Outlook: 🌤 PSP Projects' recent performance, coupled with positive technical indicators, suggests a promising outlook. If the broader market opens positively in the week starting February 5, 2024, and PSP Projects follows suit, it could mark the beginning of a long-term bullish trend, provided macro and micro factors remain favorable. Caution: ⚠️ Given the stock's history of volatile swings, a strong trade above 776 is crucial for confirming its bullish potential. Disclaimer: ⚠️ This analysis is for informational purposes only and is not financial advice. Investors should perform their own research or consult a financial advisor before making investment decisions. Market conditions can change rapidly. #PSPProjects #TechnicalAnalysis #ConstructionSector #StockMarket #Investing #TradingView #BullishTrends #FibonacciLevels #EMA #MACD #RSI ✨
NSE:PSPPROJECTLong
by finogent
MOLDTE'CH: Short term bullish trend reversal ahead of earnings r📊 NSE:MOLDTECH Technical Analysis - February 2, 2024 🏭 Company Overview: 🔍 Mould Tech Technologies specializes in providing comprehensive engineering solutions, including structural engineering, mechanical engineering, and IT services. The company's expertise in delivering high-quality services positions it as a key player in the engineering sector. Recent Market Performance: 📈 On the last trading day, February 2, 2024, Mould Tech experienced a significant price jump of approximately 2.8%, closing at 277.00. This move has brought the stock close to the 0.382 Fibonacci level, a critical point indicating potential upward momentum. Technical Indicators: 🛠 Fibonacci Levels: The stock is nearing the 0.382 level, hinting at a bullish momentum. Moving Averages: Crossed over the 50-day moving average from bottom to top, currently at 272.46, while the 200-day moving average stands at 300.96. This crossover suggests a potential short bull run. Parabolic SAR: Issued a buy signal on February 2, 2024, indicating the start of a bullish phase. MACD: Showcases a buying crossover, with MACD at -1.02 and the signal at -1.45, supporting the buying trend. RSI: Trending upwards in the mid-range, indicating a positive buying wave with a K value of 68.52 and a D value of 58.37. %R: Positioned in the mid-price band but trending upwards, suggesting growing strength. Fisher Transform: At a value of 0.70 with a trigger at 0.18, indicating a trend but still in the middle of the band. Market Outlook & Strategy: 🌟 With the broader market's support, Mould Tech is poised for an uptick, with a first target set at 287.00 (0.618 Fibonacci level) and a second target at 294.05 (0.00 Fibonacci level) . An aggressive stop-loss strategy is recommended at around 261.15, considering the stock's potential volatility ahead of its earnings report on February 9, 2024. Entry & Exit Points: 🎯 Entry Point: Positive opening on February 5, 2024, may signal a buying opportunity, especially if EMA and MA crossovers occur. Target 1: 287.00. 🎯 Target 2: 294.05. 🎯 Stop Loss: 261.15, to protect against unexpected downturns. Considerations: ⚠️ Investors should monitor the stock's performance closely, especially with the upcoming earnings report. The stock's past volatility requires a cautious approach, despite the bullish indicators. Disclaimer: ⚠️ This analysis is for informational purposes only and not financial advice. Market conditions are subject to change, and investors should conduct their own research or consult a financial advisor. #MouldTech #TechnicalAnalysis #EngineeringSolutions #StockMarket #Investing #TradingView #BullishTrends #FibonacciLevels #EMA #MACD #RSI ✨
NSE:MOLDTECHLong
by finogent
HINDOILEXP: opportunity for steep rise.🔍 Technical Analysis Update for NSE:HINDOILEXP - Week Starting January 23, 2024 📊 Current Status: The stock closed at a high of ₹186.85 on the last trading day. It has been range-bound since August 2023 but recently breached a six-month high before closing just below it. 📈 Entry Point: Consider entering the trade if the price crosses and sustains above ₹189.80 in the next day or two. This could signal the start of a bullish trend. 🎯 Target: The first target is set at ₹196.40. 🛑 Stop Loss: A key stop loss point is at ₹172.85, aligning with a critical Fibonacci level of 0.5 at ₹172.75. This acts as a strong support level. 💹 Key Indicators: Volume: Increasing volume supports the potential bullish trend. Percentage R: Positioned at the upper band, indicating bullishness. Stochastic RSI: A buying crossover has occurred in an oversold situation, further supporting bullish prospects. 🚦 Overall Outlook: The stock is showing signs of breaking out of its long-term range with increasing volume and positive technical indicators. Monitoring the stock's ability to maintain above ₹189.80 will be crucial for confirming the bullish trend. ⚠️ Disclaimer: This analysis is for informational purposes only and is not financial advice. Investors should conduct their own research and consult a financial advisor before making any investment decisions . 🔖 #HindustanOilExploration #StockAnalysis #BullishTrends #TradingStrategy #StockMarket #InvestmentTips 🌟 Stay informed and trade wisely! 🌟
NSE:HINDOILEXPLong
by finogent
IPCA Labs Technical Outlook: Aiming for New Heights?NSE:IPCALAB , trading close to its 52-week high, ended the last session at INR 935.65, marking a 1.27% uptick . The stock currently sports a P/E ratio of 4.73 and a basic EPS of 19.36 with an average volume of 713.623K. The closing signal, as indicated by the Parabolic SAR, leans bullish. In light of the positive volume build-up observed over the past four sessions and the affirmative indicators, IPCA Labs shows promise in the upcoming week, given supportive market conditions. Entry Logic 🎯: If IPCA Labs opens above the critical Fibonacci level of 0.786 at INR 938.50 on the next trading day, it could pave the way toward an all-time high of around INR 955. The encouraging MACD crossover and the green histogram at 1.05 underscore this bullish sentiment. Target Levels 🎯: Target 1: INR 955 This target is derived from the potential continuation of the bullish trend, assuming no unfavorable market developments. Exit Logic 🚪: An exit strategy should be devised if adverse market conditions arise or if the stock shows reversal signs before hitting the target. Stop Loss ⚠️: A stop loss at INR 915.50 is advised to curtail potential downside, ensuring a controlled risk approach. Technical Indicators 📊: MACD: Bullish crossover coupled with a green histogram at 1.05. Stochastic RSI: With K at 67.44 and D at 48.76, indicating an uptrend without being overbought. %R: Indicates a favorable uptrend. Fisher 9: Positive crossover observed, enhancing the bullish outlook. Market Sentiment 🌐: IPCA Labs exhibits a bullish setup, with the potential to achieve a new all-time high. However, this scenario heavily relies on the broader market's support, as the stock already trades at elevated levels. Any market correction can temporarily impede the upward trajectory. Recommendation 📝: An entry post a strong opening above INR 938.50, targeting INR 955, with a stop loss at INR 915.50, can be a plausible strategy for traders aiming to capitalize on IPCA Labs' momentum. Disclosures and Disclaimers 📢: This analysis is intended for informational purposes only and should not be construed as a solicitation or an offer to buy or sell any securities. Investors are advised to conduct their own research or consult a financial advisor before making any investment decisions. The report is based on historical data and prevailing market conditions; hence, the future may unfold differently.
NSE:IPCALABLong
by finogent
Enter on price crossing up.NSE:CROMPTON is at the key levels; and the crossover if happens will give a good upside: Key Levels: Entry Price: ₹301.70 Target Price: ₹311.95 Stop Loss: ₹291.30 Detailed Technical Analysis: 1️⃣ We are observing a resistance at around ₹300.17. If the stock breaks this level, we can expect it to rise towards the target level of ₹311.95. 2️⃣ The Parabolic SAR issued a 'Buy' signal on 4th August 2023, indicating a potential bullish scenario. 3️⃣ Our analysis predicts a bullish crossover on the stock's RSI (Relative Strength Index) in the near future. This reinforces the 'Buy' signal. 4️⃣ We also observe a positive crossover in the Fisher Transform, suggesting an upcoming positive price movement. We recommend implementing the key levels (entry price, target price, stop loss) into your trading strategy. Best Regards. #PhenogenSolutions #StockAnalysis #CromptonGreaves #TechnicalAnalysis #TradingStrategies Disclaimer & Disclosures: This analysis is based on publicly available data and is intended for informational purposes only. It should not be considered as investment advice. Finogent Solutions LLP is not responsible for any losses incurred based on the information provided. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
NSE:CROMPTONLong
by finogent
Wipro building the buy momentum📈 Weekly Stock Picks: NSE:WIPRO - Week Starting 4th September, 2023 📈 💡 Rationale for Selection: 📊 Technical Analysis: Parabolic SAR: Currently showing a sell signal, but the stock has rebounded. 📉➡️📈 Fibonacci Levels: Bounced back from near the 0.618 levels and surpassed the 0.5 levels. Indicates a trend reversal. 🔄 MACD: Expected bottom-up crossover; MACD line (1.3) expected to cross Signal line (2.32) confirming a bullish bias. 📈 Stochastics & RSI: K=23.18, D=9.03, showing the stock has reached oversold territory and is in a position to bounce back. 📈 Percentage R and Fisher 9: Indicate an uptrend is likely in the next 1-2 trading sessions. 📈 📰 Market Indicators: A surge in IT stocks recently. 📈 Mutual funds are showing increasing interest in IT stocks, expecting a boom. 🤝 🎯 Trade Parameters: 🟢 Entry Price: ₹416.25 (0.382 Fibonacci Levels) 🎯 Target Price: ₹422.20 🔴 Stop Loss: ₹41.75 #WiproLimited #StockPick #TechnicalAnalysis #Fibonacci #MACD #Stochastics #RSI #MutualFunds #ITBoom #WeeklyStockPicks #InvestWisely 📋 Disclaimers and Disclosures: Risk: Investing in stocks is subject to market risk. Please consult your financial advisor before making any investment decisions. The information provided is only for the education purpose and should not be considered as an investment advice or as stock recommendation. You are requested to take due diligence on your own accord and consult financial advisor, research analyst or a broker before acting on any information on it. We do not confirm any validity or correctness of the information and might change our viewpoint on the stock anytime, as per our discretion and research. Disclosure: This analysis is purely based on technical indicators and market trends as of 1st September 2023. Past performance is not indicative of future results. Conflicts of Interest: We may or may not have any vested interest in Wipro Limited as of the date of this report.
NSE:WIPROLong
by finogent
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Technical Analysis Engineers India LimitedThis is a technical analysis report on NSE:ENGINERSIN Engineers India Limited (EIL), a leading engineering and consultancy firm in India. Technical Analysis Summary: EIL is currently trading at INR 77.05 (as of 18th April 2023, 2:26 p.m.). The stock has recently breached its 50-day moving average from the bottom upwards, with the 0.618 Fibonacci retracement level acting as resistance. Stochastic RSI indicates overbought conditions with KD values at 95.64 and 94.46, respectively. MACD suggests a positive uptrend, while Williams %R is above the -14.56 level. Based on our technical analysis, we recommend the following: Buy Recommendation: Target 1: INR 78.35 Target 2: INR 80.45 Stop Loss: INR 75.05 Please note that these recommendations are based on our technical analysis and should be considered along with other factors, such as market conditions and the company's fundamentals, before making any investment decisions. Outlook: The current technical indicators suggest a bullish trend in the short term for Engineers India Limited. However, investors should closely monitor the stock and adjust their positions accordingly, considering the overbought conditions indicated by the Stochastic RSI. Disclaimers and Disclosures: This report is for informational purposes only and should not be construed as a solicitation or offer to buy or sell any securities. Finogent Solutions and its analysts may have positions in the securities mentioned in this report, and any such positions are subject to change without notice. The information and opinions presented in this report have been obtained from sources believed to be reliable, but their accuracy and completeness cannot be guaranteed. The views and opinions expressed in this report are those of the analysts at Finogent Solutions and may differ from the views of other market participants. Please consult your financial advisor before making any investment decisions.
NSE:ENGINERSINLong
by finogent
COROMANDEL INTERNATIONAL: STRONG TREND NSE:COROMANDEL shows strong buy indicated by PSAR, MACD & Fisher crossover. Target 2:1023.50 Target 1:956.45 Stop Loss: 862.70 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:COROMANDELLong
by finogent
ABB INDIA: POSITIVE UPTRENDNSE:ABB shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 2470.75 Target 1: 2343.35 Stop Loss: 2142.60 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:ABBLong
by finogent
RAYMOND LTD shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 1021.55 Target 1: 927.05 Stop Loss: 870.20 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis. NSE:RAYMOND
NSE:RAYMONDLong
by finogent
ADANI POWER: Upward trend startingNSE:ADANIPOWER shows strong buy indicated by RSI, IMI, MACD & Fisher crossover followed by EMA & MA Crossover Target 1: 306.20 Stop Loss: 237.95 Disclaimer: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:ADANIPOWERLong
by finogent
NTPC LTD: Strong BuyNSE:NTPC shows strong buy indicated by RSI, IMI, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 175.60 Target 1: 154.90 Stop Loss: 140.50 Disclaimer: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:NTPCLong
by finogent
ITC LTD: Strong BuyNSE:ITC shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 343.55 Target 1: 297.25 Stop Loss: 282.55 Disclaimer: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:ITCLong
by finogent
OIL INDIA LTDNSE:OIL shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 259.45 Target 1: 244.10 Stop Loss: 220.05 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:OILLong
by finogent
ADANI POWER: Upward trend NSE:ADANIPOWER shows strong buy indicated by PSAR, MACD & Fisher crossover. Target 2: 326.45 Target 1: 284.00 Stop Loss: 257.50 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:ADANIPOWERLong
by finogent
ASHOK LEYLAND: Upward TrendNSE:ASHOKLEY shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 149.15 Target 1: 134.20 Stop Loss: 118.65 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:ASHOKLEYLong
by finogent
IRB INFRASTRUCUTRE: POSITIVE TRENDNSE:IRB shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 260.95 Target 1: 245.30 Stop Loss: 221.10 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:IRBLong
by finogent
GAIL INDIA LTD: POSTIVE TREND NSE:GAIL shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 170.35 Target 1: 162.45 Stop Loss: 151.10 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:GAILLong
by finogent
JK LAXMI CEMENTS : POSITIVE TRENDNSE:JKLAKSHMI shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 546.85 Target 1: 526.15.80 Stop Loss: 453.30 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:JKLAKSHMILong
by finogent
TATA ELXSI: POSITIVE TRENDNSE:TATAELXSI shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 8345.00 Target 1: 8200.80 Stop Loss: 8052.0 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:TATAELXSILong
by finogent
BLS INTERNATIONAL: LONG HOLDNSE:BLS shows strong buy indicated by PSAR, MACD & Fisher crossover. Target 1:389.15 Stop Loss: 344.35 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:BLSLong
by finogent
GUJARAT AMBUJA EXPORTS: Long term positive outlook NSE:GAEL shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 470.20 Target 1: 383.50 Stop Loss: 286.85 𝑫𝒊𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:GAELLong
by finogent
NHPC LTD: GROWTH TREND NSE:NHPC shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 37.60 Target 1: 34.85 Stop Loss: 29.05 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:NHPCLong
by finogent