Covesting Technologies Pvt Ltd
@anmol.shaha.0912
Bangalore
5+ Years of experience
SEBI Registration INH000015835
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Posts
shared an insight ⚡️ 6 hours ago
Nuvoco Vistas moves above its 200-day average
!!
Nuvoco Vistas moves above its 200-day average
Nuvoco Vistas Corporation Limited (NSE: NUVOCO) closed at ₹330.20 on September 29, moving above its 200-day moving average of ₹327.89. The stock was among the Nifty 500 names identified in the latest 200-DMA breakout scan.
Why it matters
The September 29 close above ₹327.89 puts the stock above an important long-term trend reference. The breakout is relatively narrow, so subsequent price action around the 200-DMA is important for confirmation.
The technical scan specifically records the September 29 LTP at ₹330.20 against the 200-DMA of ₹327.89.
My view
The move above ₹327.89 improves the long-term technical structure, but the stock needs to sustain above this level to establish the 200-DMA as a new support reference.
What I am watching
₹327.89 is the key level to monitor. Sustained trading above this zone would keep the breakout structure intact. A move back below ₹327.89 would weaken the setup and put the breakout confirmation into question.
shared an insight ⚡️ 9 hours ago
Mankind Pharma crosses ₹2,509 resistance!!!
Mankind Pharma crosses ₹2,509 resistance
Mankind Pharma Limited (NSE: MANKIND) closed at ₹2,545 on September 29, gaining 4.50%. The stock moved above its ₹2,509.40 second-resistance level in the latest breakout scan.
Why it matters
The stock also cleared the first resistance at ₹2,472.50. The technical pivot is ₹2,451.40, while the next resistance stands at ₹2,567.40.
Support levels are ₹2,414.50, ₹2,393.40 and ₹2,335.40. Nearly 19.74 lakh shares traded on September 29.
Mankind Pharma remains below its 52-week high of ₹2,642, while its technical structure shows price above the 20-day, 50-day and 200-day moving averages.
My view
The move above ₹2,509.40 has strengthened the short-term setup. I would watch whether this breakout zone can turn into support, particularly because the stock is still below its 52-week high.
What I am watching
₹2,509.40 is the key level to monitor. Sustained trading above it keeps ₹2,567.40 in focus. A move below the ₹2,451.40 pivot would weaken the current structure.
shared an insight ⚡️ 19 hours ago
Gland Pharma approaches its 52-week high!!
Gland Pharma approaches its 52-week high
Gland Pharma Limited (NSE: GLAND) closed at ₹2,989.70 on September 29, gaining 3.24%. The stock reached ₹3,024 during the session, close to its 52-week high of ₹3,042.
Why it matters
Gland Pharma was among the stocks crossing the second-resistance level in the latest technical breakout scan. The stock's September 29 move came with about 8.77 lakh shares traded.
The broader technical structure is also supportive. Moneycontrol's latest available technical data shows the stock above its 5-day through 200-day moving averages, with RSI at 54.75 and MACD at 35.78.
The September 29 high of ₹3,024 is now close to the ₹3,042 52-week high, making that zone the immediate price-action area to watch.
My view
The stock is approaching its previous 52-week peak with improving momentum. I would watch for a sustained move above ₹3,042 rather than treating an intraday test as a confirmed breakout.
FAQ's
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Covesting Technologies Pvt Ltd has been a SEBI-registered Research Analyst and have 5+ Years of experience. With extensive experience in stock market analysis and investment research, they have guided investors in making informed and profitable decisions.
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Covesting Technologies Pvt Ltd has a proven track record of accurate market analysis and trend predictions. By analyzing economic indicators, market sentiment, and technical charts, they have consistently helped investors make well-timed investment decisions.
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Covesting Technologies Pvt Ltd is a SEBI-registered Research Analyst with the SEBI Registration INH000015835. This ensures that their investment recommendations comply with SEBI's regulatory framework for investor protection and financial advisory standards.
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