shanmurali

shanmurali

On the weekly chart, CUB has shown some good strength. Key resistance of 71 is broken with decisive volume levels. Next Resistance Levels: 174, 189, 200 Several brokerage houses have given positive reviews about the price trend.

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Engineers India has given a breakout from the support levels of 203, 212. Volume buildup also confirms the uptrend. Positive News about Engineers India as per CNBC-TV 18 report: Venturing into Green Hydrogen and Green Ammonia space Entering in high-end infra sector across geographies like UAE, Kuwait, Guyana, Algeria, Bahrain Expanded footprint to defence...

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ZYDUSLIFE has been consolidating for the past couple of weeks. RSI of 43 shows weakness in the price momentum. It has strong support around 1108. Resistance levels are around 1213, 1300. 20EMA (Black Line) just crossed below the 50 EMA (Orange Line) indicating the weakness. However, if the support of 1108 is firmly held, we can expect some price momentum in the...

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PFC has been in a downtrend for some time. 560 level has been the key resistance which was not able to break on several occasions. The next strong support is around 480 levels. If the 480 support is broken, we can expect a further fall. We can retain the stock as long as 20EMA is above 50 EMA. However, volume (SELL) keeps falling, which may indicate a good sign.

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BCL has been in consolidation for a long time. It is trading between 45 - 65 for over seven months. It has good opportunity to break 65 levels if it takes support at 20EMA Volume buildup is seen. WE may expect some good run. Resistance levels: 65, 77, 85.

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RITES HAS BEEN IN A DOWNTREND FOR THE PAST COUPLE OF MONTHS. RECENTLY IT HAS BOUNCED BACK STRONGLY FROM THE SUPPORT LEVEL OF 648. NEXT RESISTANCE LEVELS: 767 - 783. CONS: Sharp decline in quarterly profit from Rs. 176 Cr (Mar 2024) to Rs. 106 Cr. (Jun 2024). Similarly, sales declined from Rs. 2,628 Cr (Mar 2023) to Rs. 2,453 Cr (Mar 2024).

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Drone acharya has been in the downtrend since the beginning of 2024. Currently it is consolidating near the strong support level of 114 at 119 level. Resistance levels: 128, 150, Fundamental Data: Industry: Drone Manufacturing, Services, Education Market Cap : ₹ 287 Cr. Current Price : ₹ 120 Stock P/E : 48.8 (Ind.PE=72.8) Revenue : 18.57 (FY23), 34.96...

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HUDCO has been in a downtrend for some time. It has strong support around 246, 229, 205 levels. Resistance: 309 Revenue Growth of 19% in FY24 when compared with FY23.

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BataIndia is trading near the demand zone. Previously it took support at 1385 levels and faced stiff resistance at 20 EMA levels. Currently, BataIndia is retesting previous resistance zone near 20 EMA levels 1440. If it takes decisive support around 20 EMA we can expect the golden cross 20 EMA > 50 EMA. Key resistance levels to look for: 1628, 1685, 1766.

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SUMITOMO CHEMICAL INDIA LIMITE has been on the uptrend for sometime. Bullish Momentum is seen above Short, Medium and Long Term Moving Averages. Key Resistance levels: 550, 565, 600

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Apollo Tyres has turned bullish after bouncing back from the strong support level of 485. Next Resistance levels: 550 - 560. The right entry point could be when the 20 EMA (Black Line) crosses 50 EMA (Orange Line).

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Rama steel has decisively broken the 12 levels. The same level was tested on first week of August. There was a strong pullback to previous levels of 10 -11. However, this level was broken (20 EMA > 50 EMA)confirmed by volume as well. The volume has been steadily increasing. However, we need to watch the next few sessions closely to decide the entry point.

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PSU banks index continue their bearish trend for some time 20 EMA continues to fall behind 50 EMA indicating the persistence of weakness. RSI is also weak hovering between 30 - 40. Trade cautiously in PSU Bank stocks.

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This stock has been in consolidation between 650 - 700 levels for a long time. It has strong resistance around 790. Volume spurt confirms the bullishness. If 20 EMA crosses 50 EMA decisively, we can make an entry. However, we can expect some selling pressure in the stock in next few sessions.

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This stock has been in consolidation for al long time. Resistance levels to watch out 47, 52. It has strong support around 40 levels. Volume spurt confirms the interest of smart money in the scrip. Good entry could be when 20 EMA crosses 50 EMA and that should happen in the forth coming sessions. However, we can expect some selling pressure in the stock in next...

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HIGREEN has given a strong breakout with good volume. The stock has risen decisively from the previous support levels of 170 - 175. The previous key resistance zone of 230 - 240 was also broken decisively. It has touched the all-time high level of 240. Bullish Momentum is seen above Short, Medium and Long Term Moving Averages. RSI is just below 80.

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Ujjivan is trading just below 50 EMA and above 20 EMA. Bullishness can be confirmed if 20 EMA decisively crosses 50 EMA. Need to wait for that to happen. Or can enter at the current level for long-term investing option. Volume buildup is marginal recently, signaling the momentum in the stock price. Nearest Support: 43 Resistance: 56 - 60 levels.

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Powergrid Infrastructure Investment Trust Ltd is trading in an oversold region. Can accumulate for long term targets.