In the market today, investments were made in banks, metals, and capital goods, but people sold stocks in power, healthcare, oil & gas, IT, and energy.
Some companies reached their lowest stock prices in a year. Ircon International fell more than 6%, DLF went down 4%, and RIL decreased by 1.5%. We spoke with analyst Priyanka Limaye about what to expect from these stocks tomorrow.
Stocks Mentioned:
– Ircon International: Current Price (CMP) is 168.6. The stock had been trading between 230 and 180 for about four months. Today, it fell below 180 to a low of 160. It’s important to watch if it stays below 180; if it doesn’t, it could drop another 15-20%.
– DLF: Current Price (CMP) is 681. This stock almost hit its low from the 2024 election results day. The important level to watch is 670. If it stays above 670, it might go up by 5-10%. If it drops below, it could fall another 5-7%. The Relative Strength Index (RSI) suggests it might find support here.
– RIL: Current Price (CMP) is 1,217. Looking at its price movement, it has strong support around 1,140-1,150 based on Fibonacci levels. There’s tough resistance at 1,350. Currently, technical indicators suggest selling.
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