IRFC - Date: 01/01/2024
Cmp Price ₹ 99.35 Stop Loss ₹ 96
Remarks : Weekly Bullish Bo – sustained. Positional also strong – keep weekly low as trailing stop loss.
Rsi : 70.86
Indian Energy Exchange Ltd:- Date: 01/01/2024
Cmp Price ₹ 168 Stop Loss ₹ 160
Remarks : Downward Trend Bo sustained and also 2nd Resistant bo seen from reversal. Positional also looks stronger with trailing stop loss.
Rsi : 70.56
Railtel Corporation of India Ltd:- Date: 01/01/2024
Cmp Price ₹ 338 Stop Loss ₹ 330
Remarks : Upward channel Bo seen with good price action. Also new order continues from Railway department from different states.
Rsi : 65.67
Tata Motors Ltd:- Date: 01/01/2024
Cmp Price ₹ 779.95 Stop Loss ₹ 762
Remarks : Tripple Top Bo sustained with good price action.
Rsi : 75.31
Exide Industries Ltd :- Date: 01/01/2024
Cmp Price ₹ 317.85 Stop Loss ₹ 303
Remarks : Multi Year weekly Bo seen.
Rsi : 70.48
JK Tyre & Industries Ltd:- Date: 01/01/2024
Cmp Price ₹ 398.30 Stop Loss ₹ 384
Remarks : Upward Channel Bo.
Rsi : 69.10
Tata Consumer Products Ltd:- Date: 01/01/2024
Cmp Price ₹ 1086.80 Stop Loss ₹ 1050
Remarks : 2nd time Round bottom Bo seen. From 1st Bo almost 3x done – looks like continue performing same trend with new merger.
Rsi : 89.31 Daily it’s overbought position – Profit booking might come.
Affle India LtdDate: 01/01/2024
Cmp Price ₹ 1306.10 Stop Loss ₹ 1265
Remarks : Bullish Asc.Triangle bo sustained and momentum likely to continue.
Rsi : 74.33
Suven Pharmaceuticals Ltd :- Date: 01/01/2024
Cmp Price ₹ 722.80 Stop Loss ₹ 699
Remarks : Round bo pattern sustained with good price action.
Rsi : 67.36
Analyst : Ragesh Shah
Disclosures: Author or Analyst is not SEBI register. At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm representing, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be. Disclaimer: Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody. Investors must take advice from their financial advisors before investing in any stocks.