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sandeepbalachandran

Technical Analysis (Weekly Chart): Volume Increase: Recent trading sessions have shown a notable rise in volume, indicating heightened investor interest. Price Compression: Despite the increased volume, the stock's price has remained within a narrow range, suggesting consolidation. Support Level: The stock has established a support level around ₹1,000, which...

sandeepbalachandran

Technical Analysis (Weekly Chart): Support Level: The stock has established a median support level around ₹3000. Resistance Levels: Immediate resistance observed at ₹3,200 with Major Resistance located at ₹3,550, 3850 and 4245, all of which might act as a significant barrier in the near term. Keep in mind: Nifty remains in a correction phase. A deeper market...

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Technical Analysis (Weekly Chart): Support Level: The stock has established a support level around ₹4,765. Resistance Level: Resistance is observed near ₹5,072. Moving Averages : The stock is trading above its 50-day and 200-day moving averages, suggesting a bullish trend. MACD: The MACD line is trending above the signal line, while the weekly suggests...

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Technical Analysis (Weekly Chart): Support Level: The stock has established a support level around ₹950, which has been tested multiple times in recent weeks. Resistance Level: Resistance is observed near ₹1,000, a level the stock has approached but struggled to surpass. Recent Performance: 52-Week Range: The stock has traded between a low of ₹916 and a high of...

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EIH Limited has recently exhibited multiple inside bar patterns on its daily chart. An inside bar occurs when a candlestick's price range is entirely contained within the range of the preceding bar, signaling market consolidation and potential for a significant price movement. The presence of multiple inside bars suggests a period of low volatility, often...

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Gujarat Pipavav Port Limited (GPPL) is currently trading near a support level at ₹182.65, with short term resistance observed around ₹200 and long term resistance at ₹250. Technical indicators suggest a bearish short-term trend, with the stock trading below its 50-day moving average. Consider monitoring these levels closely, as a break below support could signal...

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Indus Towers Analysis Support Level: The stock is currently holding support at ₹320. Seller Strength: Seller momentum is receding, indicating a possible shift in trend. Revenue Growth: The company has shown staggered revenue growth since 2021. Disclaimer: This analysis is intended for educational purposes and is not a recommendation to buy. It is important to...

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Technical Analysis of Bandhan Bank: Bandhan Bank is currently in an accumulation phase, characterized by relatively high trading volumes. The stock is showing strong weekly momentum, suggesting potential upward movement. Key resistance levels have been identified, with Resistance 1 at 258 and Resistance 2 at 345. However, with the Nifty index trading at its peak,...

sandeepbalachandran Updated 

Technical Analysis of Expleo Solutions: Expleo Solutions' price has been range-bound for over two years, specifically 847 days. The peak it reached between May 2023 and August 2023 is considered an outlier, as the stock has since reverted to its prior trading range. Despite this, the stock has experienced a notable 55% increase in trading volume, from 6.2...

sandeepbalachandran

Analyzing the stock's technical performance, we observe that since May 2024, the price has been consolidating above a support level at ₹1,045. This consolidation phase is characterized by the stock trading within a narrow range, indicating indecision among investors about the next directional move. Key Observations: Support Level at ₹1,045: The stock has...

sandeepbalachandran

The recent dip in the Nifty index should be seen as a healthy market correction rather than a crash. Corrections are a natural part of any market cycle, helping to recalibrate overvalued stocks and present opportunities for long-term investors. While short-term volatility may cause concern, it’s essential to focus on the broader trend. Key support levels are...

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Devyani International is currently making higher lows, as indicated by the trend line. The stock has established strong support at 142, with resistance at 203. After two failed breakout attempts, the question remains: will the third succeed or will it pull back to support? Minor resistance at 179 has now turned into support. However, it is important to note that...

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Technical Analysis of Jamna Auto: Jamna Auto is currently trading above its 100-Day EMA (Green), but uncertainty looms over whether this support level will hold. The weekly chart shows an increase in seller momentum, raising the likelihood of a downside move. Should the stock break and close below the first support level or even the 100-Day EMA on the weekly...

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Technical Analysis of KRBL: KRBL is currently showcasing significant increase in trading volume, accompanied by a rise in weekly momentum. The price remains constricted within the range of 270 and 330, indicating a phase of consolidation. The stock is likely to experience minor fluctuations before making a potential upward move. Key resistance points, R1, R2, and...

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Technical Analysis of Kansai Nerolac Paints: Nerolac Paints accumulation phase was followed by a healthy 10% move with high trading volumes. The stock has also demonstrated strength in weekly momentum, with above-average post-breakout volumes, also referred to as supporting volumes, indicating sustained buyer interest. A minor resistance at 300 has now turned...

sandeepbalachandran

Technical Analysis of Aavas Financiers: Aavas Financiers has been in a downtrend since January 2022, with strong initial support levels established at 1,297. The stock is facing resistance at four key levels: 1,815 (R1), 2,044 (R2), 2,416 (R3), and 3,000 (R4). Notably, the stock is trading above the 200-week EMA, which is a positive technical sign, but it may...

sandeepbalachandran

Since October 2021, SBI Cards and Payments has been on a downward trajectory, eventually finding support at 690. However, the weekly chart suggests the stock may be entering an accumulation phase. Since January 2024, the price has been fluctuating between a low of 690 and a high of 760, which could indicate consolidation as buyers gradually accumulate shares....

sandeepbalachandran

Technical Analysis: Over the past year, significant buyer interest has been evident in trading volumes, even as the stock price has been consolidating. The price has consistently maintained support at 90 and is currently fluctuating between 99 and 115, suggesting a phase of accumulation. The positive trading volumes further indicate strong buyer interest. From a...