Sg_bangalore

Sg_bangalore

NSE:ADANIENT CLSA has downgraded its rating on Adani Enterprises BSE -1.43 % to 'sell' from 'underperform' due to continued margin pressures in its mainstay coal trading business and potential write-down at its Carmichael coal venture. "Coal trading Ebitda for 1Q was less than US$1/t (Rs60/t) - down 76% YoY, with segment profit at three-year lows. ADE (Adani...

Sg_bangalore

FX_IDC:EURUSD Is on the verge of breakout with momentum divergence trade on MACD showing strength....

Sg_bangalore

NSE:TATAPOWER Tata Power's 50:50 joint venture with Exxaro Resources in South Africa, Cennergi (Pty) announced commencement of commercial operations for its 95 MW Tsitsikamma Community wind farm project on Thursday. Technically on weekly chart, price is moving up from a significant base formation and consolidation. I expect price to hit 90 levels over next...

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NSE:NMDC .NMDC India's largest Iron ore producer is going to benefit from firming of Global prices. With the revision of Chinese GDP growth rate by Moody's, I expect commodity prices to hold its reins over next few months. NMDC has formed firm base around 90-100 levels and It has consolidated over six months. It is on the verge of breakout from cloud and Momentum...

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NSE:TECHM ...Tech Mahindra Is under pressure due to BREXIT and Relative weakness in IT sector. Though the Quarterly results were fairly in line with analysts expectations, Sector weakness and BREXIT could lead TechM to lower levels. Technically TEchM is in Multitimeframe bearish trend. I expect levels of 450 over next few months before any significant support...

Sg_bangalore

NSE:JISLJALEQS Excellent Monsoon rains can help Jain irrigation to increase their revenue in coming quarters. After few years of drought several government initiatives to support Micro irrigation systems is also in its favor. Results are due on August 12th , so some care is required while trading but the target is 80 for the coming month and one can see easily...

Sg_bangalore

NSE:IDEA IDEA has broken support levels around 103 after moving sideways for a while. Telcos are under clear pressure with imminent launch of Reliance JIO and over the next few quarters, pressure on CAPEX and ARPU is going to be significant. Technically it is in bearish trend both on weekly and daily charts. MACD has turned bearish and Price has failed to...