shanmurali

shanmurali

In the weekly chart, SPIC has turned bullish by taking support near 100 EMA Resistance levels: 83, 88, 95 Support levels: 74, 67, 63

shanmurali

EMBDL has turned bullish since Nov 1, 2024. It reached peak level of 165 in June 2024. Since then It came under heavy selling and fell to 127 levels. It has been consolidating between 127 and 141 level for nearly three months. Volume contraction happened. However, 127 level was broken in the last week of Oct 2024. However, the stock took strong support around...

shanmurali

Introduction Sanghvi Movers provides medium- to heavy-duty cranes on rental basis to various private and public sector undertakings. Sanghvi Movers Ltd. is Asia’s largest crane rental operator, with 346 cranes as of FY24. Fundamental Analysis Market Cap: ₹ 2,711 Cr; Stock P/E ratio: 15.5 (Industry P/E ratio: 31.2) ROCE: 22.2 %; ROE: 18.8 %; Compounded Profit...

shanmurali

Lemon Tree reached 158 levels in the last week of April 2024. Then, it was trading in a tight range in a BOX PATTERN between 144 – 155 range for nearly three months. However, the support level 144 was broken and experienced heavy selling and fell badly. Important support levels like 134, 127 were broken. The stock took the next support at 113 level. The support...

shanmurali

KPR Mill has turned bullish. In September 23, 2024, it reached an all time high of 1053 levels. Since then, it came under heavy selling pressure, and the price fell swiftly to 878 levels (approx. 16% down). However, it took support just near the 100EMA level (blue line) and consolidating around 900+ levels. In the past few sessions, the stock has been in bullish...

shanmurali

Kalyan Jeweller has turned bullish. In September 2024, the level reached an all-time high of 786 levels. This surge in stock price has been attributed to a combination of strong sales performance and positive market sentiment. Analysts are optimistic that the company's expansion strategies will continue to drive growth in the coming quarters. Since then, it has...

shanmurali

 HFCL has been in a downtrend since September 2024. It reached the low levels of 111. 111 Level has acted as a strong support zone on multiple occasions. The stock found strong support around the 111 and 118 levels, leading to a breakout with good volume. 20EMA (black line) is trailing below 50EMA (orange line) in the daily chart. We can confirm the bullish trend...

shanmurali

Reliance Industries has been in a downtrend for a long time. There is strong support around the 1242 levels. Other important support levels are 1198, 1109, and 984. Breaking the current support of 1242 increases the likelihood of reaching 1109 levels. However, sell volume has considerably decreased, indicating a buying interest in the stock. 20EMA (black line) has...

shanmurali

Bajaj Hindustan Sugars has been experiencing a downtrend for the past month. The stock has been trading between 38 and 45 levels for more than four months. However, the support level of 38 was broken in mid-October 20204, and the price has been in a downtrend since then. BajajHind has strong support at the 28 level. Currently, it is trading near 31 levels. The...

shanmurali

KRBL has support around 273 levels. In the last month, it has touched the 273 level multiple times. It has regained strongly from the 273 level in the last couple of sessions. The volume spurt is also strong. Currently, KRBL is trading near the 20EMA level of 280. On the weekly closing, if it sustains the 20EMA and crosses above 50EMA, we can confirm the...

shanmurali

Nippon India ETF Nifty Bees is in a downtrend for a long time It has broken the important support level of 264. It has corrected 10% from the peak value of 294. Important support levels: 257, 251, 242, 235 How to trade NIFTYBEES? Buy 25% of the total investment at the current level. Buy another 25% if the Nifty slides further and settles on the next support level...

shanmurali

Infosys has turned bullish by taking strong support around 1760 levels. Previously, it had a strong resistance around 1953 levels. It came under strong selling pressure breaking all resistance like 20 EMA and 50EMA. However, it took strong support around 100 EMA levels and turned bullish. Resistance levels: 1903, 1953 Support levels: 1823, 1760 Verdict: Wait for...

shanmurali

On the weekly chart, Nifty-50 has breached the 20 EMA level (24540) and is heading towards the 50 EMA levels, indicating the continuation of the bearish trend. If the 23888 levels are broken in the weekly closing we can confirm the weakness in the market. The next important support level is the 23382 level (50 EMA). Overall NIFTY 50 data shows that Advances –...

shanmurali

Netweb tech. India Ltd. is testing the resistance of 2925 levels. Volume buildup is confirming the bullish trend. 20 EMA is above 50 EMA. RSI is over 63. Retesting of the level is done. The cup and Handle pattern confirms that the upside potential is huge. It qualifies as a breakout candidate.

shanmurali

About: Atam Valves Atam Valves is a part of AMCO Industries involved in the manufacturing and export of Industrial & Plumbing Valves, Fittings & Boiler Mountings including valves of Gate, Globe, Check, Ball, Butterfly, Steam Traps, Boiler Mountings & Accessories, and other industrial valves and fittings. Clients include Adani, Alps Industries, BHEL, BPCL, BSBK,...

shanmurali

Titan has corrected significantly from the peak price 3823 to 3120 levels. Titan has fallen nearly 20%. Currently, it is trading near the demand zone of 3124 level. One can enter for atleast 20% returns in the demand zone level between 3060 and 3150. However, if the stock falls below this range in weekly closing, we can confirm the weakness in the stock.

shanmurali

SJ Logistics has given a strong breakout with good volume. The stock has strong resistance at 683 levels. The stocks fundamentals are good with ROCE=33.1 % and ROE=31.6 %. The P/E ratio is also decent at 27.02 (Industry P/E: 30.25). Support Levels: 662, 648, 622, 586

shanmurali

The technical indicators of Hindustan Unilever (HINDUNILVR) show weak momentum indicating decreased investors' interest in the stock. HINDUNILVR has broken the key support of the 2550 level. The next important support levels are 2425, 2361, and 2189. The RSI is also hovering just over 40. On the weekly closing, 2425 levels must be strongly held for any potential...