shanmurali

shanmurali

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

shanmurali

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...

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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

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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

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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...

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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

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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.

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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

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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.

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Engineers India has fallen from 52 high of 304 considerably in the past months. The stock is trading near the strong demand zone 210 - 220 levels. In the past, buying at this level has given returns of over 22% to 36%. Engineers India has good financial performance alongside good to expensive valuation. However, it lacks price momentum as suggested by technical...

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IRB Infra has shown price strength recently. Both RSI and Volume are increasing gradually. It has strong support around 60. Resistance is placed around 70, 75.

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Birla Sft has been in correction mode for sometime The chart has triple bottom like formation. The stock has strong support between 576 - 601. On a weekly basis, if the 600 levels are sustained you can enter for target levels like 745 - 860.

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Central Bank has been trading in the tight zone between 60 and 67 for couple of months. The stock has medium financial performance with average price momentum and valuation. It has strong resistance at 67, 72 and 76 levels. Support is seen around 58 and 52 levels. RSI is hovering below 50. Wait for the stock to take support around 20EMA or partially enter at...

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SBI cards has good support around 688 levels. Next Resistance sone is around 763, followed by 852 and 891. RSI showing bullish momentum. FII/FPI have increased holdings from 8.59% to 8.72% in Jun 2024 qtr.

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The stock is trading near the strong support zone. Can enter for a short-term target of 20%.

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If JK tyres takes the support around 20 EMA, we can expect a good move above 448. RSI and Volume are showing a slight Bullish Signal. short to medium term target can be 525 levels. However, Long term target (one year) of 700 is intact.

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The stock has retraced from the strong support zone. Volume build up and RSI also shows the strength in the price levels. can enter for short to medium term target of 80+ levels