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Content
Signals
All indicators - Medium term
ITC Ltd.Apr 18, 2024
Asian Paints Ltd.Apr 18, 2024
Titan Co. LtdApr 18, 2024
Adani Enterprises LtdApr 18, 2024
Infibeam Avenues Ltd.Apr 18, 2024

The market showed a small loss Thursday, and S&P BSE SENSEX ended the day at 72489 points, which is a decline of 0.6 percent. The index has now closed down for the fifth day in a row.

1531 shares showed a gain and 1768 showed a loss. 108 shares were unchanged and closed at the same price as the previous day. There was no trading in 302 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 64.9 billion.

Just Dial Ltd rose sharply to close at 1010 rupee, up 13.0 percent. The previous time the stock gained this much was Jan 20. 2022, when it closed up 13.8 percent. The stock has thereby closed up ten out of the past 13 days. The volume was also extremely high. At session end it was bought and sold shares for about 630 million rupee in the stock, which equals 55 times mean daily turnover. It also looks good technically. The stock is trend wise positive in the medium term, has support at 930 rupee and a further increase is indicated.
Moschip Technologies Ltd. closed at 133 rupee after a solid gain of 20.0 percent. We must go back to Jul 13. 2015 to find an equally strong rise. That time the stock gained 20.0 percent. The volume was also very high. At session end it was bought and sold shares for about 1420 million rupee in the stock, which equals 12 times mean daily turnover. It also looks good technically. The stock is trend wise positive in the medium term, has support at 107 rupee and a further increase is indicated.
Bharti Airtel Ltd. closed at 1267 rupee after posting a gain of 4.2 percent. The previous time the stock gained this much was May 31. 2023, when it closed up 4.8 percent. It also looks good technically. The stock is trend wise positive in the medium term, has support at 1200 rupee and a further increase is indicated.
Ramco Systems Ltd. closed up 9.4 percent to 422 rupee. The stock has not closed higher since Jan 2022. The stock is with that up 20.5 percent after the buy signal from the rectangle formation three days ago.
Captain Pipes Ltd. moved up and ended at 22.82 rupee, which is an increase of 20.0 percent. The stock thereby broke the earlier top it set Jan 19 and reached a new year-high. This past week the stock has gained as much as 35.2 percent. It was also high volume. Overall it was traded for 261 millions rupee in the stock, which is nine times as much as normal daily turnover. The stock is trend wise negative in the medium term.

National S.E. turned upwards
The market showed a small gain Friday, and Nifty 50 ended the day at 22147 points, which is an increase of 0.7 percent. The week as a whole showed a loss of 1.7 percent. The index thereby reversed up after five days of losses.

US 500 falls for the fifth day in a row
The market showed a small loss Thursday, and S&P 500 ended the day at 5011 points, which is a decline of 0.2 percent. The index has now closed down for the fifth day in a row and this past week the index has lost as much as 3.6 percent.

Indices
S&P BSE SENSEX
arrow green   Positive Candidate
S&P BSE SENSEX is in 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 has support at points 67500 and resistance at points 74700. The index is assessed as technically positive for the medium long term.
Nifty 50
arrow yellow   Neutral
Investors have paid higher prices over time to buy Nifty 50 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 has support at points 19350 and resistance at points 22650. 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 neutral for the medium long term.
S&P 500
arrow yellow   Neutral
S&P 500 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 4600 and resistance at points 5250. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The index is overall assessed as technically neutral for the medium long term.
Today´s Case
Just Dial Ltd (535648) Price 1009.95, Apr 18, 2024
chart
Investors have paid higher prices over time to buy Just Dial Ltd and the stock is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has also broken a resistance level in the short term and given a positive signal for the short-term trading range. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 930 rupee. Volume tops and volume bottoms correspond well with tops and bottoms in the price. Volume balance is also positive, which strengthens the trend. RSI above 70 shows that the stock has strong positive momentum in the short term. Investors have steadily paid more to buy the stock, which indicates increasing optimism and that the price will continue to rise. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX0.00%865.36
CAC400.52%8023.26
COMPX-0.52%15601.00
DAX0.38%17837
HEX0.34%9768.28
N1000.41%1500.77
OMXC25GI-0.37%2167.25
OMXSPI0.16%942.13
OSEBX-0.38%1342.62
PSI201.50%6327.70
TECDAX-1.42%3210.84
BUK100P0.24%786.93
EURUSD0.08%1.0700
CL (OIL)0.05%82.73
Indices Evaluations
 SML
AEXposneutralpos
CAC40posneutralpos
COMPXnegposneg
DAXnegpospos
HEXnegnegneg
N100pospospos
OMXC25GIneutralposneutral
OMXSPIpospospos
OSEBXpospospos
PSI20negpospos
TECDAXnegneutralneg
BUK100Pneutralneutralpos
EURUSDnegnegneg
CL (OIL)posposneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Mumbai S.E. - Medium term
 
      
48% 37% 15%
 1791 Buy Candidates
 1361 Neutral
 563 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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