shanmurali

shanmurali

The technical indicators of Tata Motors show weak momentum indicating decreased investors' interest in the stock. Tata Motors has broken the key support of the 850 level. The next important support levels are 806, 783, 730, and 683. The proposed decision to merge Tata Motors into a passenger vehicles segment and a commercial vehicles section as separate entities...

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Maan Aluminium Ltd. has experienced heavy selling for the last few days. The quarterly results saw a drastic decline in net profit. Net Cash Flow is zero However, the ROE of the company has been strong at 32% in the last 3 years. ROCE for Mar 2024 was 25%. It is currently trading near 172 levels. Support Levels: 159, 146, 118 Resistance Levels: 205, 235, 260

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Star Health Allied Insurance has been in a downtrend for a long time. It is trading just above the strong multiyear support zone of 470 levels. The quarterly result was not as per the MKT expectation. It may take support around 470 levels if volume support favors. One can enter for a longterm target of 550 - 600 if it consolidates in the current level for a week.

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Intro: Nagarjuna Construction Company Ltd. (NCC) NCC is engaged in the infrastructure sector, primarily in the construction of industrial and commercial buildings, roads, bridges and flyovers, water supply and environment projects, housing, power transmission lines, irrigation and hydrothermal power projects, real estate development, etc. Fundamental Analysis: ...

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PCBL is down from the 52-week high of 583 levels by NEARLY 30%. 20 EMA(black line) has just fallen behind 50 EMA (orange line). The stock has turned bearish. Currently, it is trading near 410 levels. If the current level is retained strongly in the weekly closing, we can expect some consolidation followed by a breakout. Support levels: 407, 379,...

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Bell is trading near the strong support zone of 289 The stock is down from the 52-week high of 339 by 15%. 20 EMA(black line) trails below the 50 EMA (orange line). It has strong support around 271. Support levels: 271, 259, 240 Resistance levels: 309, 325, 339

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Intro: Motherson Sumi Systems Ltd. (MSSL) Motherson Sumi Systems Ltd. (MSSL) is engaged primarily in the manufacture and sale of components to automotive original equipment manufacturers. MSSL group is one of the largest manufacturers of exterior rear-view mirrors (Vison Systems) and is a leading global player in polymer-based interior and exterior modules....

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Inox Wind Ltd. is trading at around 176.92. The stock has turned bullish by taking strong support around 164 levels with decent volume. However, 20 EMA(black line) trails below the 50 EMA (orange line). We can confirm the bullish trend once the crossover (20EMA line above 50 EMA line) happens. Support levels: 164, 156, 142 Resistance levels: 187, 198, 225

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Godawari Power & Ispat Ltd. is trading around 198.12. The stock has turned bullish in the past couple of sessions with a good volume. 20 EMA(black line) trails just below the 50 EMA (orange line). Once the crossover happens, we can confirm the bullish trend. Support levels: 184, 174, 161 Resistance levels: 204, 214, 224

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Deepak Fertilizers has given a strong breakout with good volume on the weekly chart. The stock has bullish momentum above short, medium, and long-term moving averages. Support levels are 1067, 1003, 960, 903 It has strong resistance at 1178 levels. It needs good volume support and price momentum for the current level to be broken. Long term target: 1295

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Indian Hotels has turned bullish. It took strong support around 650 levels. It has bullish momentum above short, medium, and long-term moving averages Support levels: 671, 650, 595 Resistance: 705, 720

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Reliance Industries is trading near the strong support zone of 2606 and 2650. 2606 level had been the strong resistance zone in July 2023. However, it was broken in Jan 2024. Reliance attained the peak level of 3206 in July 2024. However, the volume level did not justify the price levels. The stock is experiencing selling pressure. If the current levels are held...

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Tata Motors has been in a downtrend for a couple of weeks. Important support levels: 850, 806, 783

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Devyani International has broken the BoX pattern. The stock has shown Strong Momentum: Price above short, medium, and long term moving averages It has demonstrated good quarterly growth in recent results Brokers have revised the target recently. Companies with rising net profit margins - quarterly as well as TTM basis

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Aegis Logistics has been in a downtrend for more than a month. The key support level 737 was broken in the first week of Oct 2024. Another support of 711 was also broken. However, 675 levels were held strongly with good volume. It has turned bullish by trading around 50 EMA. 20 EMA (Black Line) trails behind 50 EMA (Orange Line). We can confirm the bullish trend...

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HINDZINC has been moving within a box pattern since mid Aug 2024. It has been trading in a tight range of between 492 and 529 levels. Key resistance levels are 492, 470, 449 Support levels: 530, 556, 597. 20 EMA is trailing behind 50 EMA. We can confirm the bullish trend once the EMA crossover happens. It has to break 530 level decisively to confirm the bullish trend.

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KRBL has been trading in a box pattern for the past eight months since Mar 2024. It has been trading between 273 and 312 levels. The important resistance levels are 312, 327, 344, 379. In the recent weeks it has not been able to break the 327 levels. New: GOI on Oct 22 has announced the reduction of export tax on parboiled rice to zero from the current 10 percent....

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Tejas Networks has been trading in a box range between 1345.00 and 1190.00 Since Aug 2024. It gave a strong breakout yesterday with good volume. Support levels: 1265, 1104, 1000 Resistance Levels; 1400, 1470