shanmurali

shanmurali

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

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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...

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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...

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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...

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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.

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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. ...

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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.

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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.

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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