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Content
Signals
All indicators - Medium term
Mahindra & Mahindra LtNov 22, 2024
Infosys LtdNov 22, 2024
Adani Ports & Special Nov 22, 2024
HCL Technologies Ltd.Nov 22, 2024
Power Grid CorporationNov 22, 2024

The market rallied Friday, and S&P BSE SENSEX closed at 79117 points after an increase of 2.5 percent. The index has never gained more in one day since Jun 5, when it was up 3.2 percent. The week as a whole showed a gain of 2.0 percent.

2043 shares showed a gain and 1372 showed a loss. 92 shares were unchanged and closed at the same price as the previous day. There was no trading in 324 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 61.8 billion.

Adani Green Energy Ltd. fell sharply to close at 1052 rupee, down 8.2 percent. The stock has now closed down for the fourth day in a row. Since the sell signal from the rectangle formation one month ago, the stock now has lost 38.8 percent. The volume was also very high. At session end it was bought and sold shares for about 2494 million rupee in the stock, which equals 30 times mean daily turnover.
Adani Transmission Ltd fell sharply to close at 649 rupee, down 6.9 percent. The stock has thereby closed down eight out of the past ten days and this past month the stock has lost as much as 37.8 percent. It was also high volume. Overall it was traded for 1099 millions rupee in the stock, which is seven times as much as normal daily turnover. Nor does it look good technically. The stock is trend wise negative in the medium term, has resistance at 720 rupee and a further decline is indicated.
Multibase India Ltd ended with a solid gain of 10.0 percent and closed at 565 rupee. The stock has now closed up for the fifth day in a row. The stock has by that gained 85.8 percent since the buy signal from the rectangle formation four days ago.
Supriya Lifescience Ltd ended with a solid gain of 13.9 percent and closed at 802 rupee. The stock has never gained more in one day since Aug 12, when it was up 14.1 percent. The stock has now risen for the fifth day in a row and this past week the stock has gained as much as 31.2 percent. The volume was also very high. At session end it was bought and sold shares for about 324 million rupee in the stock, which equals 11 times mean daily turnover. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 650 rupee and a further increase is indicated.
KKRRAFTON Developers Ltd increased slightly 5.0 percent and ended the day at 1401 rupee. The stock has now risen for the 15. day in a row. It also looks good technically. The stock is trend wise positive in the medium term, has support at 173 rupee and a further increase is indicated.

National S.E. sharply higher
The market rallied Friday, and Nifty 50 closed at 23907 points after an increase of 2.4 percent. The index has never gained more in one day since Jun 5, when it was up 3.4 percent. The week as a whole showed a gain of 1.6 percent.

US 500 rises for the fifth day in a row
The market showed a small gain Friday, and S&P 500 ended the day at 5969 points, which is an increase of 0.3 percent. The week as a whole showed a gain of 1.7 percent. The index has now closed up for the fifth day in a row.

Indices
S&P BSE SENSEX
arrow green   Weak Positive Candidate
S&P BSE SENSEX has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has support at points 72300 and resistance at points 81400. The index is assessed as technically slightly positive for the medium long term.
Nifty 50
arrow green   Positive Candidate
Nifty 50 has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index has support at points 22000 and resistance at points 25000. The index is assessed as technically positive for the medium long term.
S&P 500
arrow green   Positive Candidate
S&P 500 is in a rising trend channel in the medium long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. 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 5670 points. The index is assessed as technically positive for the medium long term.
Today´s Case
Power Grid Corporation of India Ltd. (532898) Price 337.00, Nov 22, 2024
chart
Power Grid Corporation of India Ltd. has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. The stock has broken up through resistance at rupee 330. This predicts a further rise. In case of negative reactions, there will now be support at rupee 330. 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
AEX1.58%879.80
CAC400.58%7255.01
COMPX0.16%19004.00
DAX0.92%19323
HEX0.56%9559.33
N1000.62%1443.61
OMXC25GI1.68%2144.92
OMXSPI1.02%956.89
OSEBX0.26%1468.66
PSI200.76%6409.00
TECDAX1.23%3370.04
BUK100P1.41%831.38
EURUSD-0.67%1.0400
CL (OIL)1.63%71.24
Indices Evaluations
 SML
AEXnegpospos
CAC40negnegneutral
COMPXpospospos
DAXneutralpospos
HEXnegnegneg
N100neutralnegpos
OMXC25GInegneutralneg
OMXSPInegneutralpos
OSEBXpospospos
PSI20negnegneutral
TECDAXpospospos
BUK100Pnegpospos
EURUSDnegnegneg
CL (OIL)negneutralpos

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Mumbai S.E. - Medium term
 
      
37% 36% 27%
 1402 Buy Candidates
 1373 Neutral
 1062 Sell Candidates
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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.

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