SRF STOCK TREND ANALYSIS
Stock Radar: Grasim Industries stock takes support above 200-EMA; time to buy?
Grasim Industries stock, despite a 10% drop, bounced back after finding support above the 200-day EMA. Experts suggest a potential bullish reversal, setting a target of Rs 2,750-2,800 for short-term traders if the stock breaks above the falling wedge pattern's upper trendline. A stop loss is recommended below Rs 2,450.
SRF offers relative outperformance amid downtrend: Aditya Arora
Again, highlighting that, given the downtrend, I am not expecting runaway rally but I maintain neutral to bullish stance in this counter.
Rural revival and government spending set to boost market sentiment: Devang Mehta
Probably, I think market has started to factor in that this quarter earnings are now off the shelf. The next couple of quarters there will be an improvement in one government spending. Second, we also know the consumption on the bottom of the pyramid in the rural areas they also seem to start to come back.
F&O Stock Strategy| How to trade Federal Bank and SRF
Indian markets opened higher today, but Adani Group stocks continued to fall after fraud charges against Gautam Adani. Federal Bank hit all-time highs with strong buying interest, while SRF shows bearish signals after a trendline breakdown.
Stock Radar: 100% rally in a year! This pharma company takes support above 50-EMA; time to buy the dip?
Piramal Pharma's stock, after reaching record highs, experienced profit-taking but is showing signs of a bullish comeback. Experts suggest buying the stock, citing its rebound from the 50-day EMA and strong trading volume, with a potential target of Rs 280-286 in the coming weeks.
Big movers on D-Street: What should investors do with Paytm, IndiGo and Varun Beverages?
Indian equity benchmarks Sensex and Nifty experienced a decline on Thursday, influenced by a sharp drop in Adani group stocks. Market analyst Riyank Arora suggests a buy-on-dips approach for Paytm and recommends buying IndiGo at the current market price. However, he advises caution for Varun Beverages, suggesting investors wait for lower levels before considering long positions.
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Can expect a 5-7% Santa Claus rally in 6-8 weeks: CLSA on Indian markets
India strategist Vikash Kumar Jain predicts a potential "Santa Claus rally" in the stock market, projecting a 5-7% rise over the next six to eight weeks. He believes negative factors are already priced in and cites historical December gains.
Escalating tensions in Europe erode early gains on D-St; FPIs further sell shares worth Rs 3,412 cr
India's Nifty index broke a seven-day losing streak, edging up slightly on Tuesday as investors sought bargains after recent losses. However, gains were limited by escalating tensions between Ukraine and Russia, leaving the market outlook uncertain.
Capex companies will face a longer winter than consumer companies: Ajay Srivastava
Ajay Srivastava, CEO of Dimensions Corporate, believes that while the Indian market has faced difficulties, a reversal is underway. He sees positive signs in retail sales, particularly in sectors like two-wheelers, appliances, hotels, and aviation. However, he cautions that capex companies may experience a slower recovery due to limited government spending.
Nifty at key support, trend remains weak: Analysts
?Nifty may signal a trend reversal above 24,140, but stronger price confirmation is needed for aggressive bullish positions.
Wall St Week Ahead-Nvidia results in focus as stock market's election boost stalls
Nvidia's upcoming earnings report is poised to significantly influence the U.S. stock market, as investors seek direction following the recent election rally. The company's dominant position in AI and strong projected growth are expected to impact tech stocks and overall market sentiment.
SRF stock price 0.58 per cent as Sensex
As of 30-Sep-2024, promoters held 50.26 per cent stake in the company, while FIIs held 18.29 per cent and domestic institutional investors had 9.8 per cent.
SRF 1.74% as Sensex
The stock traded at a P/E multiple of 58.09, while the price-to-book value ratio stood at 6.63.
F&O Radar| Deploy Bull Call Spread in HCL Tech to gain from bullish sentiment
HCL Technologies' shares are nearing a breakout point, with analysts predicting a surge to Rs 2,100 if they surpass Rs 1,880. The bullish forecast is underpinned by the IT sector's strength and positive technical indicators. Traders are eyeing a bull call spread strategy, targeting Rs 2,000 and Rs 2,100, while setting a stop-loss at Rs 1,785.
Stocks to buy today: Paytm, BSE among top 6 trading ideas for 11 November 2024
The Indian market is predicted to open lower on Monday, influenced by global trends. Analysts suggest a trading range between 23,700 to 24,500 for Nifty. Expert recommendations include buying opportunities for stocks like BSE, Paytm, CDSL, Wipro, NALCO, and Bank of Baroda, with specified target prices and stop-loss levels.
SRF shares 1.73% as Nifty
A total of 2,168 shares changed hands on the counter till time (IST).
Big movers on D-Street: What should investors do with Tata Steel, Apollo Hospitals and Delta Corp?
Indian stock markets surged over 1% on Wednesday, propelled by Donald Trump's US election victory. Analyst Priyank Upadhyay recommends buying opportunities in Tata Steel and Apollo Hospitals, citing technical indicators suggesting upward momentum. However, he advises a cautious stance on Delta Corp until a stronger bullish signal emerges.
Real money lies in capex-oriented, capital goods companies, even power automation: Devang Mehta
Devang Mehta, Director of Spark Private Wealth, suggests that investors should be selective in the current market. He recommends focusing on companies in sectors like capital goods and power automation that are poised to benefit from government infrastructure spending. Mehta also highlights the attractiveness of consumption-oriented businesses that have undergone corrections, citing Maruti as an example.
Ahead of Market: 10 things that will decide stock action on Wednesday
Indian equity indices rebounded on Tuesday, driven by investor interest in undervalued financial stocks ahead of the U.S. election. The Nifty 50 rose 0.91%, and Sensex gained 0.88%. Analysts see potential for a bullish reversal, with buy-on-dips strategies recommended.
SRF shares 0.49% as Nifty
A total of 392 shares changed hands on the counter till time (IST).
F&O Radar| Deploy Bear Put Spread in Grasim for potential gains from bearish outlook
Grasim, currently at Rs 2590.60, signals potential downside with a bearish engulfing candle and weakening momentum. Analysts predict further decline below Rs 2,580, targeting support levels at Rs 2,490 and Rs 2,420. Option data and technical indicators support this bearish outlook, suggesting a Bear Put strategy for potential gains.
Big movers on D-Street: What should investors do with IRFC, IRCTC and Raymond?
Indian benchmark indices Sensex and Nifty experienced significant drops, driven by losses in Reliance Industries and banking stocks. Analysts suggest investors monitor IRCTC's upcoming earnings for potential movement, while IRFC needs to hold above key levels for bullish momentum. Raymond, despite initial losses, showed resilience, with its future trajectory depending on upcoming earnings.
Ahead of Market: 10 things that will decide stock action on Tuesday
Indian benchmark indices recorded their worst session in over a month, pressured by uncertainty surrounding the US presidential election. The Nifty declined 1.27% to 23,995, and the Sensex dropped 1.18% to 78,782. Analysts suggest that the Nifty might extend its correction towards 23,650, while a decisive move above 24,100 could trigger a rally.
Big movers on D-Street: What should investors do with Tata Power, Dabur India and L&T?
Sensex and Nifty fell, influenced by banking and financial stocks amid weak global market trends. Tata Power saw a breakdown below 430, suggesting further decline. Dabur India hit a major support zone at 530, indicating a potential rise. L&T's breakdown below 3430 points to a bearish trend.
Stock Radar: Hindalco breaks out from cup & handle pattern after 50% rally in a year; time to buy?
Hindalco Industries has experienced over a 50% rally in the aluminum sector and has recently broken out from a 3-year Cup & Handle pattern. Experts suggest short-term buys for high-risk traders with targets of Rs 840, while maintaining a stop loss below Rs 680.
Stock Radar: HDFC Life Insurance forms Double Bottom pattern; could see 10% upside in next 2-3 months
HDFC Life Insurance is gaining momentum with a Double Bottom pattern on daily charts. A breakout above Rs 730 may propel the stock to Rs 800. Experts suggest bullish trends with support also seen from technical indicators. The stock found support around Rs 700 in the recent months.
Stock Radar: Breakout from Ascending Triangle pattern makes Tata Steel an attractive buy; here¡¯s why
Tata Steel Ltd experienced a breakout from an Ascending Triangle formation on the daily charts, suggesting potential for further gains. Traders are advised to buy the stock at current levels or on dips, targeting its previous high of Rs 186, with a stop loss at Rs 150.
Stock Radar: Himadri Specialty rose over 100% in 6 months; should you buy, sell or hold?
The stock has been making higher highs and higher lows after recording a breakout above January 2024 swing high of 399 in July 2024 on the weekly charts.
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