shanmurali

shanmurali

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

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Since Sep 20204, oil & gas stocks have been in a strong downtrend. As per money control report, Foreign investors (FIIs) have turned major sellers in and significantly reduced their holdings in the financial, oil & gas, automotive, and FMCG sectors. Geopolitical tensions, elevated market valuations, and the expectation of subdued earnings growth for the September...

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Overview : Panama Petrochem Limited manufactures and exports various Petroleum specialties. Panama Petrochem is one of the leading manufacturers & exporters of ~80 variants of petroleum specialty products like Panoil (liquid paraffin oils, petroleum jelly, ink oils, antistatic coning oil, rubber process oils, transformer oils, cable filling compounds), Wax...

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Nifty 50 has broken the important support level of 24821 and 24770. RSI is declining along with Volume. Important Support levels are 24540, 24160, 23888 Even though, 20 EMA is still above 50 EMA, it is declining and may fall below 50 EMA if the weakness in the market continues.

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IndusInd Bank is trading near the important support level of 1348. RSI is just over 30 20 EMA is just falling below 50 EMA, indicating a weakness in the stock price. If the current support level of 1348 levels is broken on the weekly chart, we can expect a further fall in the price. Next Support levels: 1287, 1246, 1183

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Nifty PSU Bank Index has been in correction mode since Jun 2024 It touched a peak value of 8053 on Jun 3, 2024. However, it fell from the peak to 6443 the next day due to the Lok Sabha election result. Since then, it has been trading in a tight range between 7640 and 7082 till the first week of Aug 2024. Currently, the Nifty PSU Bank Index trades in a sideways...

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Gandhar Oil Refinery (India) Ltd is one of India’s largest manufacturers of white oils and one of the top 5 players globally specialized in the production of white oils and related products for cosmetics, healthcare, pharmaceuticals, chemicals, and lubricants. Serving over 100 countries, it is India's largest white oil manufacturer and ranks among the top five...