Observations

As we can See very clear A bullish chart pattern that is rounding bottom that indicate potential upside till 475 - 470 stock can retrace after that it will rise again. this stock is aligned with government theme also trade on day chart with huge volume, very good RSI, Bullish & Cross over happen on 10 of July 2023.

Technical Analysis & indicators 

Rounding Bottom

RSI Above 60

EMA Cross Over

Volume

News of the day

1. Railtel Corporation of India Railtel bagged an order worth 202.2 million Indian rupees from the South-Central Railway, India, according to a Thursday filing to the stock exchanges. The contract is for providing telecommunication works of IP-MPLS in 523 RKM (route kilometers) in the secunderabad railway station

2. JSW Steel USA, a subsidiary of JSW Steel JSWSTEEL, plans to invest $110 million in steel plate mill modernization projects at its manufacturing facilities in Baytown, Texas. The proposed investments will help boost the production of high-quality monopile steel plates for offshore wind energy deployment, according to a Tuesday filing to the stock exchanges.

3. Cartrade Tech Ltd Shares fall as much as 3.5% to 828.15 rupees Warburg Pincus entity Highdell Investment and Temasek's MacRitchie Investments to sell at least 10.4% stake in online used car retailer via block deal on Monday

Educational Content

This stock analysis is designed for educational purposes and should not be taken as professional financial advice. Please carry out your own research or consult with a financial advisor before investing.

Mon Jun 24, 2024