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shared an insight ⚡️ 29th Sep
Lloyds Metals & Energy: Trend Turning Stronger
Lloyds Metals & Energy Ltd. is trading around ₹1,902, up 3.59% on the day, with the price moving above its key short- and medium-term moving averages.
The chart shows a positive shift in momentum after the recent consolidation around ₹1,800–1,850. The stock is currently above the 10 EMA (₹1,846), 20 EMA (₹1,842), 50 EMA (₹1,847) and 100 SMA (₹1,833), which indicates that short- and medium-term price structure has improved.
RSI is at 58.21 and has turned upward from lower levels. It is above the 50 zone but still below the overbought area, suggesting that momentum is improving without showing an extreme reading.
MACD is also showing improvement, with the lines turning upward and the histogram recovering from the earlier negative phase. This supports the recent improvement in price momentum, although follow-through buying will be important.
From a technical perspective, ₹1,920–1,950 is the immediate resistance zone. A sustained move above this area could bring ₹2,000 into focus, followed by the previous high zone near ₹2,100. On the downside, ₹1,845–1,830 is an important support area, as multiple moving averages are clustered around this zone.
My view: The technical setup has improved and the stock is showing signs of renewed bullish momentum. However, confirmation above the immediate resistance zone would provide stronger evidence of continuation. Traders should watch price action around ₹1,920–1,950 closely.
Disclosure: I and my family do not have any position in Lloyds Metals & Energy Ltd. at the time of writing. This article is for educational and informational purposes only and is not investment advice.
Dixon Technologies (India) Ltd. closed at ₹13,640, gaining 1.87% on the day. After a sharp correction from the ₹14,900 zone, the stock is now showing early signs of stabilization around its moving-average support area.
The price is currently trading above the 100-SMA at ₹13,016 and well above the 200-SMA at ₹12,117, keeping the broader structure constructive. However, the 50-EMA at ₹13,658 remains an immediate hurdle.
RSI has recovered from the oversold zone and is now around 48.8, indicating that selling pressure has reduced and momentum is gradually improving. MACD is still in negative territory, but the histogram suggests that the downside momentum is losing strength. A positive MACD crossover would provide additional confirmation.
On the price chart, ₹13,750 is an important near-term resistance. A sustained breakout above this level could bring ₹14,000–₹14,300 into focus, while the previous swing high around ₹14,914 remains the major resistance zone.
On the downside, ₹13,400–₹13,600 is the immediate support area, followed by ₹13,000 near the 100-SMA. A sustained move below ₹13,000 would weaken the current recovery setup.
My view: Dixon Technologies is showing early signs of a possible recovery, but I would prefer confirmation above ₹13,750 before considering the move stronger. For now, the stock remains in a watch-and-confirm zone rather than a confirmed breakout.
Disclosure: I and my family do not have any position in Dixon Technologies (India) Ltd.
DIXON
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shared an insight ⚡️ 27th Sep
APL Apollo Tubes Limited: Uptrend Intact
APL Apollo Tubes Limited is currently showing a bullish price structure, with the stock trading above its 10, 20, 50, 100 and 200-day moving averages. After a strong recovery from the ₹1,800–1,850 zone, the stock has moved back toward the important ₹2,300 resistance area.
The chart also resembles a potential Cup & Handle formation, but the pattern is not confirmed yet. A sustained breakout above ₹2,300 could provide confirmation.
Technical View
The overall trend remains positive, supported by the higher-high/higher-low structure and the position of price above major moving averages. RSI is around 57 and above the 50 midpoint, indicating that momentum remains supportive, although it is not yet in a strong momentum zone.
MACD is currently below its signal line and the histogram has turned negative, suggesting that short-term momentum has cooled. Therefore, while the broader trend remains bullish, some consolidation near resistance cannot be ruled out.
The ₹2,190–2,170 zone is the immediate support area, while ₹2,050–2,100 remains an important support zone for the current structure.
What to Watch
A decisive close above ₹2,300, preferably with improving volume and MACD momentum, would strengthen the Cup & Handle breakout setup.
Until then, ₹2,300 remains the key hurdle.
Disclosure: I or my family do not have any position in APL Apollo Tubes Limited.
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 LLOYDSME, DIXON and APLAPOLLO. Explore Pradeep Carpenter's complete list of posts and trade views on their StockGro profile.
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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.
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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.