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NILA INFRASTRUCTURES LTDNILA INFRASTRUCTURES LTDNILA INFRASTRUCTURES LTD

NILA INFRASTRUCTURES LTD

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NILAINFRA trade ideas

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: 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.
NSE:NILAINFRA
by pavi92