Pradeep Carpenter
@pradeep_2798
Indore
3+ Years of experience
SEBI Registration INH000019309I'm Pradeep Carpenter, based in Indore, Madhya Pradesh, and I share insightful analysis of stocks and financial markets to empower investors and traders. Follow me for actionable insights, strategic market analysis and educational content designed to sharpen your trading skills and financial understanding. Disclaimer: ... Read more
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Posts
shared an insight ⚡️ 11 hours ago
Swiggy: Stock Attempts Recovery After Sharp Correction
Company Overview: Swiggy Limited, one of India's leading online food delivery and quick-commerce platforms, has witnessed significant selling pressure over the past few months, with its stock trading well below its major moving averages.
Technical Analysis:
Swiggy is currently trading around ₹188 and remains below its 10, 20, 50, 100 and 200-day moving averages, indicating that the broader trend continues to remain bearish.
The stock has witnessed a sharp correction since September, followed by some recovery from its recent lows. However, the recovery is yet to establish a meaningful trend reversal.
The RSI is hovering around 36, reflecting weak momentum, although it has started showing signs of improvement. MACD is indicating a positive crossover, suggesting a possible short-term recovery attempt. Meanwhile, elevated ADX levels indicate that the prevailing trend remains strong.
Key Levels to Watch:
Immediate Resistance: ₹190–200
Next Resistance: ₹215–227
Immediate Support: ₹180–175
Major Support: ₹158–160
My View:
Swiggy remains in a broader bearish structure despite early signs of short-term momentum improvement. A sustained move above ₹200 could strengthen the recovery, while failure to reclaim this zone may lead to renewed selling pressure. Traders should watch price action around these levels before taking fresh positions.
Disclosure: The analyst or his family does not have any position in the stock.
SWIGGY
shared an insight ⚡️ 16 hours ago
Tata Communications: Consolidation Near Resistance
Company Overview: Tata Communications Limited is a global digital ecosystem enabler, providing communication, connectivity, cloud, cybersecurity and digital infrastructure solutions to businesses worldwide.
Technical Analysis:
Tata Communications is currently trading around ₹1,773, showing positive momentum after consolidating in a broader range over the past few months. The stock is trading above its 20 EMA, 50 EMA, 100 SMA and 200 SMA, indicating improving technical strength.
The RSI is around 59, suggesting positive momentum without entering the overbought zone. MACD is also showing a positive crossover, supporting the improving price structure. However, ADX near 15 indicates that the overall trend strength is still relatively weak.
Key Levels to Watch:
Immediate Resistance: ₹1,780
Major Resistance: ₹1,833
Immediate Support: ₹1,755–₹1,733
Strong Support: ₹1,720–₹1,695
My View:
The stock is approaching an important resistance zone near ₹1,780. A sustained breakout above this level could open the possibility of further upside towards ₹1,833. On the downside, ₹1,733–₹1,720 is an important support zone. Traders should watch for a decisive breakout with strong volume confirmation before taking fresh positions.
Disclosure: The analyst or his family does not have any position in the stock.
TATACOMM
shared an insight ⚡️ 13th Nov
Bharti Hexacom: Bullish Momentum Signals Potential Breakout
Company Overview:
Bharti Hexacom Limited is a telecommunications services provider and a subsidiary of Bharti Airtel. The company provides mobile, broadband and related telecom services, primarily across Rajasthan and the North East telecom circles.
Technical Analysis:
Bharti Hexacom is showing improving bullish momentum on the daily chart. The stock is trading at ₹1,665.50, above its 10, 20, 50, 100 and 200-day moving averages, indicating a positive technical structure.
RSI stands at 55, suggesting improving buying momentum without entering the overbought zone. MACD is showing a positive crossover structure, while ADX near 22 indicates gradually improving trend strength.
Key Levels to Watch:
Immediate Resistance: ₹1,680–1,700
Next Resistance: ₹1,720
Immediate Support: ₹1,650
Strong Support: ₹1,630–1,600
My View:
Sustaining above ₹1,650 could keep the short-term outlook positive. A decisive breakout above ₹1,680–1,700 may create further upside potential towards ₹1,720. However, failure to hold immediate support could lead to consolidation.
Traders should monitor price action around the resistance zone for confirmation.
Disclaimer: This article is for educational purposes only and should not be considered investment advice.
BHARTIHEXA
FAQ's
What are the top stock recommendations by Pradeep Carpenter?
Pradeep Carpenter regularly shares stock views and market analysis on StockGro. Some of the stocks they have recently shared views on include SWIGGY, TATACOMM and BHARTIHEXA. Explore Pradeep Carpenter's complete list of posts and trade views on their StockGro profile.
How can I follow Pradeep Carpenter's latest investment insights?
You can follow Pradeep Carpenter'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 Pradeep Carpenter's investment strategy?
Pradeep Carpenter 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 Pradeep Carpenter been a SEBI-registered Research Analyst (RA)?
Pradeep Carpenter has been a SEBI-registered Research Analyst and have 3+ Years of experience. With extensive experience in stock market analysis and investment research, they have guided investors in making informed and profitable decisions.
Where can I see Pradeep Carpenter's past performance and stock picks?
You can check Pradeep Carpenter's past stock recommendations, success rate, and investment insights on their StockGro profile. Their historical stock picks reflect a track record of strategic investment decisions based on thorough research.
How can I contact Pradeep Carpenter for stock market advice?
For stock market guidance from Pradeep Carpenter, you can connect through their StockGro profile. Some RAs may also provide personalized investment consultations based on their availability and SEBI regulations.
What is Pradeep Carpenter's track record in predicting market movements?
Pradeep Carpenter 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.
What is the SEBI Registration number for Pradeep Carpenter?
Pradeep Carpenter is a SEBI-registered Research Analyst with the SEBI Registration INH000019309. This ensures that their investment recommendations comply with SEBI's regulatory framework for investor protection and financial advisory standards.
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