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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...

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Federal Bank has turned bullish and is trading near 196 levels. It took strong support around 182 levels in the first Week of Sep 2024 It faced strong resistance at 199 levels on Oct 1, 2024. Thus, a strong pullback brought the price back to 182 levels. However, in the last few sessions, it gave a strong breakout along with a volume spurt. If the 199 support level...

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JP Power has been trading in a box pattern since April 2024. It has been trading in a tight range between 17 and 20 levels. A couple of days back, it gave a strong breakout with good volume. Currently, it is experiencing a pullback. However, we need to confirm, if the pullback is temporary for any fresh entry. Support zones: 20, 17, 15 Resistance: 24

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Reliance power has been in a downtrend for the past couple of sessions. MACD Crossover Below Signal Line. Currently trading near the key support zone of 43 levels, we can expect some upside movement if the 40 levels are retained in the weekly closure. Support levels: 38, 34, 29 Resistance: 44, 53, 60 Pros: The number of debtor days has decreased from 121 to...

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TataSteel is trading in the demand zone of 150 levels. If it takes support around 20 EMA we can expect next levels like 155, 170. Long term target: 210.

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Bharat Dynamics has turned bullish after taking strong support around 200 EMA. A few days back, it tested the support level 1045 and gave a strong breakout. Currently, it is trading at 1217. Resistance levels: 1359, 1593, 1787 Support levels: 1160, 1045, 902, 777 The stock has fallen from 1787 levels due to a drastic fall in OPM in Sep 2024 (-27.37%). However,...

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Stock Fundamentals: Olectra Greentech Limited is primarily engaged in the manufacturing of composite polymer insulators (12.5%) and electrical buses (87.5%) Market Cap: ₹ 14,040 Cr. Stock P/E: 170; Book Value: ₹ 111; ROCE: 14.8 %; ROE: 8.77 %; OPM %: 14% Olectra has delivered good profit growth of 46.6% CAGR over last 5 years. Technical Trends Olectra...

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ABFRL has been in range bound between 309 and 324. It has strong resistance around 343. It tried to break the resistance 343 levels in July24. However, the volume level failed the breakout. Historically, the price of ABFRL peaked in OCTOBER months. If the current bullish trend continues, we can expect ABFRL to break 324 levels and exceed 360 levels.

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CDSL has been trading with in the range between 1390 and 1572 since Aug 2024. It has been in downtrend for a couple of weeks and started falling from 1572 levels to 1390. Today it took a strong support with good volume and gave a strong breakout. Based on the potential for an upside, brokerage houses have given recommended the target of Rs 1,720

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About Welspun Enterprises Limited (WEL) is a part of the USD 2.7 billion Welspun Group. The Company operates in the infrastructure space with investments in oil & gas. WEL is focused on the road development, water sector, BOT-Toll and EPC space. Stock Fundamentals Market Cap: ₹ 7,458 Cr. Stock P/E: 22.4 (Ind. P/E=23.7) Book Value: ₹ 168 Dividend...