shanmurali

shanmurali

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).

shanmurali

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.

shanmurali

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.

shanmurali

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.

shanmurali

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...

shanmurali

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.

shanmurali

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

shanmurali

GEOJIT has broken the multi-year breakout levels of 132 on the monthly chart. Volume is Increasing confirming the Uptrend.

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IREDA has fallen considerably from 300 levels in the last month. It has broken the 20 EMA and is trading just above 50 EMA. When the 20 EMA price goes below 50 EMA, we can confirm the bearish trend. Support levels:214, 174 If it takes the support around 50 EMA we can expect a decent rally.

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MOIL is trading near the crucial level of below 400. Volume is also lower RSI indicates price weakness If the support level of 400 is retained for at least a week, you can think of partial entery. Resistance levels: 551 New: The decision of state-owned company to reduce the prices of ferro-grade manganese ores with manganese content of Mn-44% and above by 20% for...

shanmurali

Karnataka Bank has recovered well from the support level of 216. Confirmation of Bullishness: 20 EMA crossing above 50 EMA RSI is also showing strength. Volume Buildup is also significant. Support: 216 Resistance:240, 253 Longterm Target (one year): 340

shanmurali

Tata power recovered well from the support level of 402. Bullish Momentum seen Above Short, Medium and Long Term Moving Averages However, 20 EMA has to decisively cross 50 EMA to confirm the bullishness in weekly closing. Key levels to watch: 442, 464, 472 Long term target: 490

shanmurali

On the weekly chart, the stock has shown strong buildup. RSI and Volume are also rising. If the 50 levels are retained on the weekly closing, we can expect good runup to targets like 57, 65. News: A new government policy that permits sugar mills to generate ethanol from cane juice or syrup for the forthcoming Ethanol Supply Year (ESY) 2024-25 resulted in a...

shanmurali

IREDA has been in downtrend for more than a month. It has broken 20 EMA, trading just near 50 EMA. If the current levels are maintained, we expect some consolidation. Else, the support levels are around 234, 214, 177. PE is also high. MACD Crossover Below Signal Line indicating bearishness

shanmurali

Birlasoft has recovered well from the classical support zone of 570 levels. Resistance levels are 720 and 790 levels. Volume buildup is also strong. RSI is also above 60 levels.

shanmurali

Bullish Momentum - Above Short, Medium and Long-Term Moving Averages The stock has taken decisive support at 20 EMA, RSI is also showing strength and Volume is good. Support: 503, 490 Resistance: 570

shanmurali

Rain Industries is trading near the crucial level of 173. Previously it has fallen several times from this level to 155 levels. However, during every fall it has successfully retraced to 173 levels. Volume is just above average. Bullish Momentum in Short, Medium and Long Term Moving Averages. Resistance levels: 183, 193, 213 levels.