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...
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...
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.
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)...
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...
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...
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...
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...
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...
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...
L&T has turned bullish by recovering from 3515 levels with good volume. It has immediate resistance around 3737, followed by 3818 levels. Support levels are around 3621. 20EMA is above 50EMA confirming the bullish trend. Long term (one year) target as per experts view: 4396
REC has made new highs of 650 levels in Aug 2024. However, the 635 level could not be held beyond Sept 5, 2024. The stock has been in a downtrend continuously. 20 EMA (Black line) has just crossed below 50 EMA (Orange line). Previous support of 543 was also broken last week. The bearish trend will likely continue as the Net Profit in Jun 2024 (Rs. 3,460Cr) has...
IRFC has been in a downtrend since Aug 5, 2024. It has fallen over 11.6% to date. 20 EMA (Black) line has just fallen below 50 EMA (orange) line, confirming in the bearish trend. IRFC failed to hold the 174 level and the support was broken decisively with volume confirmation. Next important support levels to look for: 155, 143 and 117 levels. The upside...
Graphite has recovered nicely from the important support level of 500. It is just trading below the next resistance of 545. Key resistances on the upside are 575, 625, and 673 levels. Key Points to observe: Net profit has considerably increased from Rs. 16 Cr. in Mar 2024 to Rs. 236 Cr. in Jun 2024 Net cash flow has also increased to Rs. 14 Cr in Mar 2024 When...
HindCopper has been in a consolidation zone for the past four months. It has been trading in a tight range betwen 300 - 340 levels. 20EMA is just crssing 50 EMA, if it decisively stay above 50 EMA we can expect a good run.
RattanIndia has been in uptrend for the past couple of sessions. Price above the short-, medium-, and long-term moving averages indicates strong momentum. 20EMA decisively crossed above 50EMA with decent volume. Resistance levels: 86, 93 levels Support: 77, 71 levels Pros based on Fundamental Analysis: Stock meets most CANSLIM Investment requirements. ...
IDBI has been trading in a tight range between 77 - 97. Immediate Support: 86 Nest Resistance: 106 News Alert: RBI cleared privatisation of IDBI. Fairfax India Holdings has emerged as the frontrunner to acquire a 60.7% in IDBI. CSB Bank may be merged with IDBI Bank post-acquisition.
Tanla Platforms has been trading in a tight range between 890 - 990 for over four months. Volume contraction has happened successfully. 20 EMA is trailing below 50 EMA marginally and if the crossover is confirmed, we can expect a decent up movement in stock price. Next Resistance level: 1195.