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Content
Signals
All indicators - Medium term
Sangam Renewables Ltd.May 13, 2024
Tata Motors Ltd.May 13, 2024
SJVN Ltd.May 13, 2024
Mazagon Dock ShipbuildMay 13, 2024
K.P.I. Global InfrastrMay 13, 2024

The market showed a small gain Monday, and S&P BSE SENSEX ended the day at 72776 points, which is an increase of 0.2 percent.

1465 shares showed a gain and 1952 showed a loss. 110 shares were unchanged and closed at the same price as the previous day. There was no trading in 183 shares.

Total value of the trading volume for shares and primary capital certificates Monday was approximately 60.8 billion.

Tata Motors Ltd. closed at 960 rupee after posting a loss of 8.3 percent. The stock has never lost more in one day since Feb 24. 2022, when it was down 10.3 percent. It was also high volume. Overall it was traded for 4272 millions rupee in the stock, which is eight times as much as normal daily turnover. The stock is trend wise positive in the medium term.
The turnover in Great Eastern Shipping Co. Ltd. was extremely high. Overall it was traded for 2077 millions rupee in the stock, which is 72 times as much as normal daily turnover. Great Eastern Shipping Co. Ltd. closed at 998 rupee after a small gain of 0.7 percent. It also looks good technically. The stock is trend wise positive in the medium term, but has broken down through support at 1030 rupee.
Hindustan Zinc Ltd. soared and ended at 579 rupee, which is a rise of 9.7 percent. The stock has by that gained 78.1 percent since the buy signal from the rectangle formation one month ago.
TCI Express Ltd ended with a steep loss of 8.0 percent and closed at 1009 rupee. The stock has never lost more in one day since Feb 2. 2023, when it was down 9.0 percent. It was also very high volume. Overall it was traded for 234 millions rupee in the stock, which is 50 times as much as normal daily turnover. It does not look good technically either. The stock is trend wise negative in the medium term, has resistance at 1310 rupee and a further decline is indicated.
UPL Ltd developed positively, and gained 6.5 percent to a close of 534 rupee. We must go back to Jan 31 to find a higher close for the stock. The stock broke up through the resistance at 511 rupee in inverse head and shoulders formation. This triggered a buy signal on increasing volume and a further increase to 568 rupee within three months is indicated. It was also very high volume. Overall it was traded for 941 millions rupee in the stock, which is 11 times as much as normal daily turnover.

National S.E. weakly higher Monday
The market showed a small gain Monday, and Nifty 50 ended the day at 22104 points, which is an increase of 0.2 percent.

US 500 approximately even on Monday
S&P 500 moved more or less horizontally on Monday and closed at 5221 points (-0.0 percent).

Indices
S&P BSE SENSEX
arrow yellow   Neutral
S&P BSE SENSEX shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. It, however, gave a negative signal from the rectangle formation at the break down through the support at 72854. Further fall to 70695 or lower is signaled. The index has support at points 67500 and resistance at points 74700. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The index is overall assessed as technically neutral for the medium long term.
Nifty 50
arrow red   Weak Negative Candidate
Nifty 50 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. It, however, gave a negative signal from the rectangle formation at the break down through the support at 22132. Further fall to 21424 or lower is signaled. The index has support at points 20000 and resistance at points 22650. Volume has previously been low at price tops and high at price bottoms. This weakens the rising trend and could be an early signal of a coming trend break. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The index is overall assessed as technically slightly negative for the medium long term.
S&P 500
arrow green   Weak Positive Candidate
Investors have paid higher prices over time to buy S&P 500 and the index is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index is testing resistance at points 5250. This could give a negative reaction, but an upward breakthrough of points 5250 means a positive signal. The index is assessed as technically slightly positive for the medium long term.
Today´s Case
Dr. Lal PathLabs Ltd. (539524) Price 2494.80, May 13, 2024
chart
Dr. Lal PathLabs Ltd. has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The price has broken through the ceiling at 2415 of a rectangle pattern. A decisive break will signal a further rise to 2596 or more. The stock has marginally broken up through resistance at rupee 2480. An established break predicts a further rise. Positive volume balance, with high volume on days of rising prices and low volume on days of falling prices, strengthens the stock in the short term. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX0.14%911.91
CAC40-0.12%8209.28
COMPX0.29%16388.00
DAX-0.16%18742
HEX0.41%10312.00
N100-0.09%1551.22
OMXC25GI1.46%2268.88
OMXSPI-0.08%988.16
OSEBX-0.16%1416.45
PSI20-0.58%6871.86
TECDAX-0.19%3397.63
BUK100P-0.43%840.35
EURUSD0.22%1.0800
CL (OIL)1.10%79.12
Indices Evaluations
 SML
AEXpospospos
CAC40pospospos
COMPXpospospos
DAXpospospos
HEXposneutralneg
N100pospospos
OMXC25GIpospospos
OMXSPIpospospos
OSEBXpospospos
PSI20pospospos
TECDAXnegneutralpos
BUK100Ppospospos
EURUSDposneutralpos
CL (OIL)negposneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Mumbai S.E. - Medium term
 
      
47% 37% 16%
 1750 Buy Candidates
 1383 Neutral
 583 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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