I'm Manish Salvi, based in Indore, Madhya Pradesh, and I specialize in technical analysis and equity research across Indian stocks and commodities. With a Master of Business Administration in Finance and a market career dating back to 2012, I build trading systems and investment strategies that combine technical analys ... Read more
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Rashtriya Chemicals and Fertilizers reported Q2 profit up 24.3% to Rs 130.9 crore as revenue fell 4.3%. Resistance is at 112.65 and support at 93.11.
Rashtriya Chemicals and Fertilizers Limited [ RCF ] reported Q2 consolidated profit up 24.3% year on year to Rs 130.9 crore, against Rs 105.4 crore. Revenue fell 4.3% to Rs 5,063.2 crore from Rs 5,292.6 crore.
On the daily chart, the stock trades near Rs 108.88, below the falling 100-day EMA at 112.65, which also lines up with the descending trendline. Price has bounced from the recent swing low of 93.11, and RSI has climbed to 62.30, above its average of 44.92.
In my view, momentum has shifted in favour of buyers, but the larger picture remains downside while price stays below 112.65. A close above 112.65 would be the first sign of strength and would bring a trendline breakout into focus. A fall below 93.11 would reopen the downside.
Stance: weak while below 112.65, with 93.11 as key support.
Disclaimer: I do not hold any position in this. This content is for informational purposes only and is not a recommendation to buy or sell. Investments in securities are subject to market risks. Please read all related documents carefully before investing.
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shared an insight ⚡️ 18 hours ago
NMDC Steel fades after Q2 swing to profit
NMDC Steel rose over 4% in early trade on 13 Nov 2026 after Q2 results, then closed 0.6% lower. Support is at 36.50 and resistance at 42.50.
NMDC Steel Limited [ NSLNISP ] shares rose more than 4% at the open on 13 November 2026 after its Q2 results. The gain faded, and the stock closed 0.6% lower on Friday, ending a four-day winning streak.
Profit stood at Rs 61 crore, against a net loss of Rs 114.8 crore a year ago. Revenue rose 11.04% to Rs 3,764.4 crore from Rs 3,389.9 crore.
Despite the strong numbers, the stock could not hold its opening gains, which points to selling at higher levels. Resistance is at 42.50 and support is at 36.50.
In my view, the trend is bearish as the market sold into the early gain. A move above 42.50 would ease pressure on the setup. A break below 36.50 support would open the way for a deeper decline.
Stance: bearish while below 42.50, with 36.50 as key support.
Disclaimer: I do not hold any position in this. This content is for informational purposes only and is not a recommendation to buy or sell. Investments in securities are subject to market risks. Please read all related documents carefully before investing.
272
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shared an insight ⚡️ 23 hours ago
EIH slips after Q2 profit jump, trend stays weak
EIH Associated Hotels shares fell 1.12% to 291.60 after Q2 profit rose 19.9%. Resistance is at 306 and support at 272.
EIH Associated Hotels Limited [ EIHAHOTELS ] shares closed 1.12% lower at Rs 291.60 after its Q2 consolidated results. The stock opened at Rs 298.70 and fell to a low of Rs 290.
Profit rose 19.9% year on year to Rs 136.4 crore, against Rs 113.8 crore. Revenue grew 16.1% to Rs 694.2 crore from Rs 597.9 crore.
On the daily chart, price remains in a long downtrend from the 2024 high and is trading below the falling 100-day EMA at 298.26. The stock failed to hold near that average today. Weak follow-through after strong earnings suggests sellers are still in control. RSI at 53.37 is neutral, and volume was light at 31.42K.
In my view, the trend is bearish while price stays below 306. A close above 306 would ease the selling pressure. A break below 272 support would open the way for a deeper decline.
Stance: bearish below 306, with 272 as key support.
Disclaimer: I do not hold any position in this. This content is for informational purposes only and is not a recommendation to buy or sell. Investments in securities are subject to market risks. Please read all related documents carefully before investing.
What are the top stock recommendations by Manish Salvi?
Manish Salvi regularly shares stock views and market analysis on StockGro. Some of the stocks they have recently shared views on include Steel Strips Wheels Ltd. (Bullish), RCF, NSLNISP and EIHAHOTELS. Explore Manish Salvi's complete list of posts and trade views on their StockGro profile.
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You can follow Manish Salvi's latest investment insights, stock recommendations, and market analysis on StockGro App. Additionally, you can check their detailed stock analysis reports in the StockGro blog section.
What is Manish Salvi's investment strategy?
Manish Salvi follows a data-driven, research-backed investment strategy focused on maximizing returns while managing risk. Their approach includes fundamental and technical analysis, portfolio diversification, and sectoral trends to identify high-potential stocks.
How long has Manish Salvi been a SEBI-registered Research Analyst (RA)?
Manish Salvi has been a SEBI-registered Research Analyst and have 13+ 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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Manish Salvi 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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Manish Salvi is a SEBI-registered Research Analyst with the SEBI Registration INH000015598. This ensures that their investment recommendations comply with SEBI's regulatory framework for investor protection and financial advisory standards.