shanmurali

shanmurali

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

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The stock has decisively broken the previous high levels of 877. On the weekly closing if the stocks sustain 860 levels we can expect a good move. However, a small pullback cannot be ruled out.

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Stock with medium financial performance with average price momentum and valuation. The stock has low PE value and affordable. Investors interest has been increasing recently based on RSI strength. next Support: 540 - 520 Resistance Levels: 602 Long term target: 1000 (Expert Opinion based on fundamental analysis)

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On a weekly basis, if the stock close above 25, We can expect a decent move.

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Wilmar has been in downtrend. It is trading near the the key support zone of 355. It has strong support at 330 levels. Resistance zone are around 380 - 420

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Madhav Copper is in Mid Range Momentum compared to Short, Medium and Long Term Moving Averages. Pros: Strong Annual EPS Growth Growth in Net Profit with increasing Profit Margin (QoQ) Company with Low Debt Increasing Revenue every Quarter for the past 4 Quarters Increasing profits every quarter for the past 2 quarters Company with Zero Promoter Pledge Cons: Poor...

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Tanla platform has been in the down trend for sometime. Can accumulate for targets 1000, 1200, 1600 levels.

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Bullish Momentum - Above Short, Medium and Long Term Moving Averages. Target can be around 200 - 230. Stop-Loss around 170.

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Tata Technologies has been in a downtrend. Technical indicators show weak momentum. It has strong support near 980 levels and 970 levels. Immediate resistances are around 1,004, 1,009, 1,018 ICICI Securities is bullish on Tata Technologies and has given buy rating with a target price of Rs 1330 (one year)

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IOB has been in a downtrend for some time. Decent growth in ROCE (11.13%) compared to Prv Yr (8.95%) and 3Yr Avg ROCE (9.53%). Similarly, there was a decent growth in ROE (11.35%) compared to Prv Yr (10.03%) and 3Yr Avg ROCE (10.43%). IOB has strong support around 56 - 48 levels. Can enter around 60 levels for a target of 75 - 80 levels in the short to medium term.

shanmurali

The stock has bounced strongly from the strong support level. The volume spurt also confirms the Reversal Trend.