Latest news with #S3Camarilla
Mint
30-05-2025
- Business
- Mint
Eternal share price looks set to close flat in May; opportunity to buy?
Eternal share price rose over 3 per cent in intraday trade on the NSE on Friday, May 30, shrugging off weak market sentiment and looking set to extend gains to the second consecutive session. Eternal share price opened at ₹ 226.56 against its previous close of ₹ 228.37 and rose 3.2 per cent to an intraday high of ₹ 235.65. Around 11:15 AM, the stock traded as the top gainer in the Nifty 50 index, up 2.93 per cent at ₹ 235.05. The Nifty 50 was 0.31 per cent down at 24,756 at that time. While the stock has been in the green since Thursday, it has been consolidating recently. It appears poised to end the week in the red, which would mark its second consecutive weekly loss. For the month of May, the stock is nearly flat. In the calendar year 2025, the stock has declined by 18 per cent. Over the last year, the stock has gained 25 per cent, hitting a 52-week high of ₹ 304.70 on December 9 and a 52-week low of ₹ 146.30 on June 4 last year. Eternal reported a 77.7 per cent fall in its Q4FY25 consolidated net profit at ₹ 39 crore versus ₹ 175 crore reported in the year ago period. The revenue from operations in Q4FY25 stood at ₹ 5,833 crore, which was up by 63.8 per cent over ₹ 3,562 crore in the corresponding quarter of the previous financial year. After Q4 results, brokerage firm Axis Securities downgraded the stock to 'hold', citing that there could be pressure on the near-term margins due to increased competition. "From a long-term perspective, Zomato (Eternal) has built a resilient business model by securing multiple strategic verticals and delivering broad-based growth. However, near-term challenges—rising competitive intensity, rapid store expansion, and subdued demand in the food delivery business—are likely to keep profitability under pressure. Consequently, we downgrade the stock to 'hold' and value it at ₹ 230 per share based on an SOTP valuation," said Axis Securities. Technical experts appear largely positive, but some point out that traders and investors should wait for a decisive breakout before buying this stock. Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, highlighted that at the current juncture, Eternal has taken support around the ₹ 220–225 zone, which aligns with the S3 Camarilla pivot level. Additionally, the RSI on the hourly chart indicates a hidden bullish divergence, suggesting a potential upside move toward the ₹ 250 mark. "We recommend going long in the ₹ 228–232 range, with a stop loss below ₹ 220 and a target of ₹ 250," said Patel. According to Kunal Kamble, Senior Technical Research Analyst at Bonanza, Eternal has been consolidating in a tight range of ₹ 218– ₹ 247 for the past 45 days, with declining volumes indicating reduced participation. The narrow 28.54-point range suggests a breakout is imminent. Kamble underscored that buyers have consistently defended dips, and a breakout above ₹ 247 could trigger a rally towards ₹ 260– ₹ 280. Conversely, a breakdown below ₹ 218 may lead to a decline towards ₹ 198– ₹ 190. "The stock is currently at a crucial juncture, and traders should watch for a decisive move beyond the established range to confirm the next directional trend. A breakout or breakdown will likely be accompanied by a surge in volumes," said Kamble. Mandar Bhojane, an equity research analyst at Choice Broking, believes a sustained close above the key level of ₹ 247 could act as a breakout trigger, opening the path for upside targets of ₹ 280 and ₹ 305 in the near term. On the flip side, Bhojane said ₹ 220 remains a crucial support level, and dips toward this zone may be considered healthy retracements within the range. "Momentum-wise, the RSI at 49.72 is flat, indicating a wait-and-watch sentiment, but a move above 50 could confirm renewed strength. For prudent risk management, traders may consider placing a stop-loss at ₹ 215," said Bhojane. Shitij Gandhi, Senior Research Analyst (Technicals) at SMC Global Securities, pointed out that the stock is currently hovering around its 200-day exponential moving average (EMA) on the daily charts. Secondary oscillators indicate continued consolidation, with the stock likely to trade within a broader range of 220-250 in the near term. In the absence of a clear directional move, the stock may remain rangebound in the coming weeks as well, Gandhi said. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Mint
29-05-2025
- Business
- Mint
Stocks to buy below ₹200: Mehul Kothari of Anand Rathi recommends three shares to buy on Friday
Stocks to buy under ₹ 200: The Indian stock market snapped its two-day losing streak and rebounded on Thursday, May 29, mirroring a rally in global markets as a US court blocked President Donald Trump's reciprocal tariffs. The equity market rose earlier today, driven by information technology stocks The 30-share BSE Sensex climbed 320.70 points or 0.39 per cent to settle at 81,633.02 in a volatile session amid monthly expiry in derivative contracts. During the day, it rose 504.57 points or 0.62 per cent to 81,816.89. The 50-share NSE Nifty went up by 81.15 points or 0.33 per cent to 24,833.60. The index swung in both directions on the monthly expiry day before ending with gains. Metal, realty, pharma and IT sector indices were major gainers. Mehul Kothari, Deputy Vice President — Technical Research at Anand Rathi said that Nifty 50 opened on a positive note but gradually drifted lower through the first half of the session. However, it managed to stage a recovery in the latter part of the day, closing above the 24,800 mark with a gain of 0.33 per cent. On the hourly chart, Nifty has formed a solid base around the 24,700 level, which coincides with the S3 Camarilla weekly pivot—lending technical significance to this zone. Moreover, a bullish divergence is visible on the 15-minute chart, adding to the potential for an upside move. 'As we head into the May 30 session, the 24,775–24,880 zone—defined by the Camarilla pivot band—will be pivotal for determining near-term market direction. A sustained move above this could reignite bullish momentum, whereas a failure to hold above it may lead to renewed selling pressure. Key resistance is seen at 25,000, while immediate support lies at 24,700,' said Kothari. Regarding stocks to buy on Monday, Mehul Kothari of Anand Rathi recommended three buy or sell stocks. The three stocks to buy under ₹ 200 are Suzlon Energy, Tata Teleservices (Maharashtra) Ltd, and Aditya Birla Fashion and Retail Ltd. Energy: Buy around ₹ 65; Target Price: ₹ 69; Stop Loss: ₹ 63 Teleservices (Maharashtra) Ltd: Buy around ₹ 76.50; Target Price: ₹ 82; Stop Loss: ₹ 74 Birla Fashion and Retail Ltd: Buy around ₹ 88.50; Target Price: ₹ 93; Stop Loss: ₹ 86
Mint
29-05-2025
- Business
- Mint
Stocks to buy below ₹200: Mehul Kothari of Anand Rathi recommends three shares to buy on Friday
Stocks to buy under ₹ 200: The Indian stock market snapped its two-day losing streak and rebounded on Thursday, May 29, mirroring a rally in global markets as a US court blocked President Donald Trump's reciprocal tariffs. The equity market rose earlier today, driven by information technology stocks The 30-share BSE Sensex climbed 320.70 points or 0.39 per cent to settle at 81,633.02 in a volatile session amid monthly expiry in derivative contracts. During the day, it jumped 504.57 points or 0.62 per cent to 81,816.89. The 50-share NSE Nifty went up by 81.15 points or 0.33 per cent to 24,833.60. The index swung sharply in both directions on the monthly expiry day before ending with gains. Metal, realty, pharma and IT sector indices were major gainers. Mehul Kothari, Deputy Vice President — Technical Research at Anand Rathi said that Nifty 50 opened on a positive note but gradually drifted lower through the first half of the session. However, it managed to stage a recovery in the latter part of the day, closing above the 24,800 mark with a gain of 0.33 per cent. On the hourly chart, Nifty has formed a solid base around the 24,700 level, which coincides with the S3 Camarilla weekly pivot—lending technical significance to this zone. Moreover, a bullish divergence is visible on the 15-minute chart, adding to the potential for an upside move. 'As we head into the May 30 session, the 24,775–24,880 zone—defined by the Camarilla pivot band—will be pivotal for determining near-term market direction. A sustained move above this range could reignite bullish momentum, whereas a failure to hold above it may lead to renewed selling pressure. Key resistance is seen at 25,000, while immediate support lies at 24,700,' said Kothari.
Mint
12-05-2025
- Business
- Mint
Stocks to buy for short term: From Tata Motors to Zee Entertainment— Jigar Patel of Anand Rathi suggests 3 stock picks
Stocks to buy for the short term: The Indian stock market benchmark Nifty 50 slipped 1.4 per cent last week, snapping a three-week winning streak amid heightened tensions between India and Pakistan. However, foreign institutional inflows, healthy macro indicators, such as record GST collections in April, stable Q4 results and a weaker US dollar capped losses for the domestic market. This week, news surrounding the India-Pakistan conflict will keep influencing market sentiment. Meanwhile, a positive development is that India and Pakistan had reached a 'bilateral understanding' along the Line of Control and International Border on Saturday. However, India said Pakistan violated the 'understanding' as drones were sighted in parts of India hours after India announced the 'ceasefire'. On the technical front, 23,800 is key support, and according to Jigar S. Patel, Senior Manager of Equity Research at Anand Rathi Share and Stock Brokers, a breach of this level may lead to further downside toward 23,500, which is aligned with the 200-day EMA. "A bearish engulfing pattern on the weekly chart reinforces the cautionary outlook. Unless Nifty 50 reclaims 24,500 convincingly, traders are advised to stay defensive, trim aggressive long positions, and explore hedging strategies around key levels," said Patel. Jigar Patel recommends buying shares of Tata Motors, Zee Entertainment and Tata Technologies for the next two to three weeks. Tata Motors shows reversal signals at key support zones. It has established a strong base near the S3 Camarilla yearly support, indicating potential downside exhaustion. A bullish divergence is clearly visible on the weekly chart, supporting this view. The RSI on the weekly timeframe has also formed an inverse head-and-shoulders pattern, with the neckline already breached, strengthening the bullish outlook. These combined signals suggest a high-probability reversal setup. "A long position is recommended in the ₹ 690–710 range, with an upside target of ₹ 780. A protective stop loss should be placed below ₹ 660 on a daily closing basis to manage risk effectively," said Patel. Tata Motors stock technical chart Zee Entertainment approaches a key reversal zone amid strong time and pattern confluence. It is nearing a critical technical juncture, supported by a strong confluence of time and price factors. The stock aligns with a 434-day cycle and is trading near the key Gann level of 432 (144 × 3), indicating a potential time/price square-out. A bullish inverse head and shoulders pattern has recently formed on the daily chart, with a successful neckline breakout followed by a retest, adding reliability to the setup. "With bullish divergence also visible, a long position is advised in the ₹ 113–116 range, targeting ₹ 135, with a stop loss at ₹ 104 on a daily closing basis," Patel said. Zee Entertainment stock technical chart Tata Technologies is nearing a key technical inflection. Time and Fibonacci confluence are in focus. The stock is approaching a critical technical juncture, underscored by the convergence of key time cycles and Fibonacci ratios. The ongoing setup aligns with a 35–36 week time cycle, closely matching the Fibonacci number 33, a level often associated with cyclical reversals. From a percentage standpoint, the stock's correction from point A to B was 30 per cent, followed by a deeper 47.45 per cent retracement from C to D. The ratio between these moves, 1.58, is strikingly close to the Golden Ratio (1.618), while the inverse, 0.632, reflects its reciprocal (0.618). In terms of price symmetry, the A–B decline measured ₹ 416.60, whereas the C–D leg corrected ₹ 539, yielding a ratio of approximately 1.27—the square root of the Golden Ratio. This move also mirrors the 0.786 retracement level, itself the square root of 0.618, adding further technical confluence. "We advise to go long in the counter in the zone of ₹ 658-668 with an upside target of ₹ 735, and the stop loss would be ₹ 625 on a daily close basis," said Patel. Tata Technologies stock technical chart. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
