OBEROI REALTY
- Last Traded Price @ 1696
- Support Range @ 1680 / 1673
- Resistance Range @ 1707 / 1717
Reasons for Recommended – Trend Structure -Stock is forming higher highs & higher lows on daily and weekly charts.Price is well above 20-DMA, 50-DMA & 200-DMA → strong bullish alignment.Corrections are shallow and getting bought quickly → accumulation on dips. Indicates institutional participation and trend strength.Momentum Indicators – RSI above 60 → strong bullish momentum, no divergence.MACD positive with bullish crossover → trend continuation signal.ADX above 25 → confirms strength of the ongoing uptrend.
TECHM
- Last Traded Price @ 1619
- Support Range @ 1603 / 1594
- Resistance Range @ 1633 / 1640
Reasons for Recommended – TECH MAHINDRA Trend: Higher highs & higher lows on daily chart.Price: Above 20, 50 & 200 DMA → bullish structure.Momentum: RSI above 55, MACD positive.Overall: Bullish bias intact – buy on dips, upside continuation expected.
RELIANCE IND.
- Last Traded Price @ 1583
- Support Range @ 1564 / 1555
- Resistance Range @ 1590 / 1597
Reasons for Recommended – RELIANCE INDUSTRIES Trend: Higher highs & higher lows.Price: Above 20, 50 & 200 DMA → strong bullish setup.Momentum: RSI above 60, MACD positive.Overall: Bullish – buy on dips, trend favors further upside.
HAVELLS INDIA
- Last Traded Price @ 1425
- Support Range @ 1404 / 1397
- Resistance Range @ 1437 / 1444
Reasons for Recommended – Medium to Long-Term (MA20 to MA200): Predominantly bullish signals across both simple and exponential moving averages. Bullish Indicators: Positive MACD crossover and strong performance above key moving averages suggest continued upward momentum.
VOLTAS LTD
- Last Traded Price @ 1385
- Support Range @ 1363 / 1350
- Resistance Range @ 1397 / 1404
Reasons for Recommended – Moving Averages: The stock’s price is below key moving averages, suggesting a bullish trend.Relative Strength Index (RSI): The RSI is currently in the neutral zone, indicating neither overbought nor oversold conditions.
Ravi Bhatt
SEBI Registered Research Analyst
SEBI Registration Number: – INH000012591
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