shanmurali

shanmurali

Alok industries has been ìn a downtrend since Jan 2024. On weekly chart, it took strong support on 50 EMA around 25 levels and gave a good breakout with volume in third week of Aug 2024. However. the breakout was not supported well. The pullback was strong enough and again reached below 25 levels. In the last few sessions, it has renounced to previous levels of 27...

shanmurali

Jyothy Labs. has turned bullish with strong price momentum seen in short, medium and long term moving averages. Resistance levels: 572, 595, 640 Support levels: 550, 526, 502 Pros: Revenue grows at 8%YoY in Q1FY25 due to volume. Fabric care and dishwash (77% of total sales) had YoY growth of almost 9% and 7%, respectively. YoY, personal care and household...

shanmurali

Finolex Industries has been in a downtrend for a long time. The stock is trading around the key support of 281 levels. Support levels: 275, 262, 253 20 EMA (Black line) is below 50 EMA (Orange trend), indicating that the bearish trend may continue. Once the price reaches the support levels, we expect some consolidation. If a breakout with good volume is confirmed,...

shanmurali

Prince Pipes & Fittings has been in a downtrend for a long time. The stock is trading around the key support level of 559 levels. Support levels: 544, 521 20 EMA (Black line) is below 50 EMA (Orange trend), indicating that the bearish trend may continue. Once the price reaches the support levels, we expect some consolidation. If a breakout with good volume is...

shanmurali

SCI has been in a downtrend since the second week of July 2024. It has fallen significantly from the peak value of 345 to 258 levels. In the last few sessions, it has significantly increased along with decent volume buildup and broke the previous resistance of 260 levels. Resistance levels: 291, 328. Support levels: 265, 240, 217 levels.

shanmurali

Zensar has been in a downtrend for a long time. It was trading in a range between 728 to 798 for four months. It has just broken the support of 728 and trading around 691. 20EMA (Black line) is looking weak and may fall below 50 EMA (Orange line) if the trend continues. Support levels: 652, 606, 561 The bearishness could be due to the marginal dip in net profit...

shanmurali

KVB has turned bullish by taking strong support from 206 levels. It broke the previously held strong resistance of 215 and trading near 219 levels. Strong bullish momentum is visible in short, medium, and long-term moving averages. Pros based on the research from fundamental analysis: Increasing Net Cash Flow and Operating Cash. High TTM EPS Growth company. ...

shanmurali

IEX has been in a bullish trend since Jun 2024 after taking strong support from 145 levels. It reached one year high of 263. Market news on IEX: IEX cracked over 10% today due to a report that FY25 may implement Market coupling. News reports suggested the Centre will implement market coupling for power exchanges. Market Coupling will mean these exchanges will...

shanmurali

NLC India has turned bullish recently. It has a strong resistance around 300. 310 levels. Support is present 260, 232 levels. It has bullish momentum in short, medium, and long-term moving averages. MACD crossover above the signal line indicating a bullish trend. NLC has continuously grown in Net Profit with increasing Profit Margin (QoQ). It has also recorded...

shanmurali

CDSL has turned bullish by taking support around 1485 levels. It has bullish momentum Above Short, Medium and Long Term Moving Averages. The stock has a strong resistance around 1665 levels. Support levels: 1485, 1390, 1290, 1193 levels. Target levels: 2000 - 2370 (one year) based on fundamental analysis. Pros: * FII/FPI have increased holdings from 11.38% to...

shanmurali

Zee Media has given a strong breakout. Resistance levels: 17.6, 16.6, Support levels: 15.5, 14.4, 12.3 20 EMA crossed 50 EMA with good Volume. Fundamentals are not great. The company has delivered a poor sales growth of -1.46% over past five years.

shanmurali

Eco Recycling Ltd is India's premier E-waste management company providing comprehensive solutions including Reverse Logistics, Data Destruction, Information Technology Asset Disposition (ITAD), E-waste Recycling, Lamp Recycling, Precious Metal Recovery, and the implementation of Extended Producer Responsibility (EPR) and Corporate Social Responsibility (CSR)...

shanmurali

Coal India has turned bullish recently. The stock is trading around key level of 506. Resistance levels: 521, 537 Support levels: 484, 459, 436, 408. You can enter for long-term partially. However, if 20 EMA (Black line) crosses above 50 EMA (Orange trend) along with good volume, we can confirm the bullish trend. Pros: The company is almost free of debt. The stock...

shanmurali

CPCL has taken strong support from 872 levels. It is trading near 20 EMA levels of 923. Resistance levels: 1002, 1072, 1217 Support levels: 899, 797 One can accumulate for the long term for a good dividend yield. Pros: The company has decreased its debt. The stock offers a commendable dividend yield of 5.98%. The company has achieved a commendable profit...

shanmurali

SBFC: Incorporated in 2008, SBFC Finance Limited is a NBFC offering Secured MSME Loans and Loans against Gold. SBFC has been trading in a tight range between 81 to 87 levels for the past 4 months. Recently, it gave a strong breakout with good volume. 20 EMA has also crossed 50 EMA confirming the bullish trend. Resistance levels: 90, 94, 98, Support levels: 85, 83...

shanmurali

BPCL has been in a downtrend for sometime. The stock has been trading in a tight range of 322 to 362. As per DARVAS BOX theory, it has reached the bottom of the box. There are two possibilities, either it can sustain the 330 - 322 levels or rise again to 362 levels. However, volume profile is weak and keep falling continuously. The fall in price could be...

shanmurali

Infibeam has been in a downtrend for the past three months. The volume profile is also weakening continuously. It has to hold the current levels of 27 for few more sessions for any upside movement. The key resistance levels are 20, 17, 13 levels. Infibeam is expected to give good quarterly result. Brokers have upgraded the recommended price to 37 (one year...

shanmurali

KPR Mill has taken strong support from 50 EMA and bounced back from the resistance zone. It has decisively broken 945 levels and surpassed 965. We can some resistance at this level and profit booking can happen. Previously it failed to break the 1000 level. It would be safe to wait and ensure that the current 960 levels are retained at weekly closing before making...