Analysis News

  • The best newsletter in the market
  • Customisable and personal
  • By e-mail every morning, for free

Receive Analysis News:

EMail:

Free daily newsletter every morning

Content
Signals
All indicators - Medium term
Vodafone Idea Ltd.May 24, 2024
Bharat Dynamics Ltd.May 24, 2024
Sun Pharmaceutical IndMay 24, 2024
Adani Green Energy LtdMay 24, 2024
Inox Wind LtdMay 24, 2024

S&P BSE SENSEX moved more or less horizontally on Friday and closed at 75410 points (-0.0 percent). The week as a whole showed a gain of 2.0 percent. The index thereby reversed down after five days of gains.

1330 shares showed a gain and 1988 showed a loss. 85 shares were unchanged and closed at the same price as the previous day. There was no trading in 306 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 85.5 billion.

Bharat Dynamics Ltd. closed at 1528 rupee after a huge loss of 45.7 percent. The stock has never lost more in one day since we started measuring this Mar 23. 2018. The stock thereby reversed down after seven days of gains. It was also high volume. Overall it was traded for 1348 millions rupee in the stock, which is ten times as much as normal daily turnover. The stock is trend wise positive in the medium term, but has broken down through support at 1580 rupee.
Finolex Cables Ltd. closed at 1283 rupee after posting a gain of 12.0 percent. We must go back to Feb 15. 2023 to find an equally strong rise. That time the stock gained 12.6 percent. It was also very high volume. Overall it was traded for 524 millions rupee in the stock, which is 19 times as much as normal daily turnover. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 1140 rupee and a further increase is indicated.
Paras Defence and Space Technologies Ltd gained 10.2 percent to 859 rupee. The stock has not closed at a higher price since Nov 2021. The stock triggered a buy signal by the break up through the resistance at 804 rupee in rectangle formation. A further increase to 1014 rupee within nine months is indicated. It was also very high volume. Overall it was traded for 609 millions rupee in the stock, which is 21 times as much as normal daily turnover.
Mazagon Dock Shipbuilders Ltd. showed a small gain and ended the day at 3177 rupee, which is an increase of 1.6 percent. The stock has by that gained 27.4 percent since the buy signal from the rectangle formation four days ago.
Garden Reach Shipbuilders & Engineers Lt was up 2.3 percent to close at 1460 rupee. This past week the stock has gained as much as 47.3 percent. It was also high volume. Overall it was traded for 768 millions rupee in the stock, which is three times as much as normal daily turnover. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 910 rupee and a further increase is indicated.

National S.E. turned downwards
Nifty 50 moved more or less horizontally on Friday and closed at 22957 points (-0.0 percent). The week as a whole showed a gain of 2.2 percent. The index thereby reversed down after five days of gains.

US 500 falls on Thursday
The market showed a negative development Thursday, and S&P 500 ended the day at 5268 points, which is a decline of 0.7 percent.

Indices
S&P BSE SENSEX
arrow green   Positive Candidate
Investors have paid higher prices over time to buy S&P BSE SENSEX and the index is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. It also gave positive signal from the rectangle formation at the break up through the resistance at 74938. Further rise to 77301 or more is signaled. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 72400 points. The index is overall assessed as technically positive for the medium long term.
Nifty 50
arrow green   Positive Candidate
Nifty 50 is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. It also gave positive signal from the rectangle formation at the break up through the resistance at 22709. Further rise to 23447 or more is signaled. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 22000 points. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the rising trend and could be an early signal of a coming trend break. The index is overall assessed as technically positive for the medium long term.
S&P 500
arrow green   Positive Candidate
S&P 500 shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index is testing support at points 5250. This could give a positive reaction, but a downward breakthrough of points 5250 means a negative signal. The index is assessed as technically positive for the medium long term.
Today´s Case
RattanIndia Enterprises Ltd. (534597) Price 81.60, May 24, 2024
chart
RattanIndia Enterprises Ltd. is in a rising trend channel in the medium long term. This shows that investors over time have bought the stock at higher prices and indicates good development for the company. It also gave positive signal from the rectangle formation at the break up through the resistance at 74.72. Further rise to 82.09 or more is signaled. The stock has broken a resistance level and given a positive signal for the long-term trading range. The stock has support at rupee 66.00 and resistance at rupee 90.00. Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX0.41%914.27
CAC400.13%8102.33
COMPX-0.39%16736.00
DAX0.06%18691
HEX-0.20%10319.00
N1000.30%1547.94
OMXC25GI-0.66%2284.68
OMXSPI-0.41%999.34
OSEBX-0.11%1423.46
PSI20-0.37%6924.65
TECDAX-0.06%3449.96
BUK100P-0.34%832.63
EURUSD0.30%1.0900
CL (OIL)-2.28%76.87
Indices Evaluations
 SML
AEXpospospos
CAC40pospospos
COMPXpospospos
DAXpospospos
HEXposneutralneg
N100pospospos
OMXC25GIpospospos
OMXSPIpospospos
OSEBXpospospos
PSI20pospospos
TECDAXposneutralpos
BUK100Ppospospos
EURUSDneutralneutralneutral
CL (OIL)negnegneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Mumbai S.E. - Medium term
 
      
50% 37% 13%
 1868 Buy Candidates
 1356 Neutral
 491 Sell Candidates
Disclaimer Copyright © 2024 Investtech.com AS, Org nr 978 655 424 MVA


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

Cancel Analysis News
[ Back to default newsletter setup ]

Edit AnalysisNews

Register as a recipient of AnalysisNews in order to customise the content.
 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

×

Please login here

 
Forgot your password?

Titlex

OK
+

Cookie consent

We use cookies to give you a better user experience. If you continue to use the website, you accept this. For further details click here.

Our use of cookies

When you use our website, we store a cookie on your device. The cookie is used to recognize your device so that your settings work when you use our websites. The information that is stored is completely anonymised. Cookies are automatically deleted after a certain time.

Necessary cookies

Investtech uses cookies to ensure basic functions such as page navigation and language selection. Without such cookies, the website does not function as it should. You cannot therefore make a reservation against these. If you still want to disable such cookies you can do so in your browser settings. In the Cookies section add this website to the list of sites which are not allowed to save cookies on your device.

Cookies from Google

We use services from Google Analytics and Google AdWords. These register cookies on your device when you visit our website. Google registers your IP address in order to keep statistics on user activity on the website. The IP address is anonymised, so that we have no opportunity to link the activities to a specific person. We use these statistics to be able to offer more interesting content on the website and to constantly improve ourselves. Google AdWords collects data so that our advertising on other websites gives better results. We cannot trace the data of individuals.

Allow cookies from Google