SAIL, Rail Vikas Nigam, IREDA, BEML, NHPC Share Price Jumps on Renewed Buying; NSE Nifty Closes Flat
SAIL, Rail Vikas Nigam, IREDA, BEML, NHPC were among top gainers in the public sector segment while overall markets closed flat. NSE Nifty traded in the positive for most of the session and market sentiment was bullish but by the end of the session, markets closed slightly negative. Many public sector stocks have witnessed strong selling over the last few weeks and some of them are even close to their 52-week lows.
Stock Analysis Summary
SAIL: The stock is trading close to its support at Rs 104.95. If it maintains above Rs 111.30, an upward move towards Rs 120+ is possible.
IREDA: The stock is fluctuating in a narrow range. Breaking above Rs 180.90 could lead to further bullish momentum.
BEML: The stock is nearing a resistance level at Rs 3050.95. A breakout may trigger a rally toward Rs 3200.
NHPC: The stock has minor resistance at Rs 76.25, but if broken, it may aim for Rs 80.
Rail Vikas Nigam: The stock remains volatile; a strong move above Rs 387.40 may indicate further gains.
Stock Price Action
| Stock | Open | High | Low | 52-wk High | 52-wk Low |
|---|---|---|---|---|---|
| SAIL | Rs 105.38 | Rs 111.30 | Rs 104.95 | Rs 175.35 | Rs 99.15 |
| IREDA | Rs 175.23 | Rs 180.90 | Rs 174.99 | Rs 310.00 | Rs 121.05 |
| BEML | Rs 2890.05 | Rs 3050.95 | Rs 2890.05 | Rs 5488.00 | Rs 2671.90 |
| NHPC | Rs 72.90 | Rs 76.25 | Rs 72.80 | Rs 118.40 | Rs 71.00 |
| Rail Vikas Nigam | Rs 375.00 | Rs 387.40 | Rs 366.05 | Rs 647.00 | Rs 213.05 |
Fibonacci Retracement Levels
| Stock | 0.0% | 23.6% | 38.2% | 50.0% | 61.8% | 78.6% | 100.0% |
|---|---|---|---|---|---|---|---|
| SAIL | Rs 111.30 | Rs 109.88 | Rs 108.45 | Rs 108.12 | Rs 106.59 | Rs 105.38 | Rs 104.95 |
| IREDA | Rs 180.90 | Rs 178.90 | Rs 177.50 | Rs 176.45 | Rs 175.20 | Rs 175.00 | Rs 174.99 |
| BEML | Rs 3050.95 | Rs 3012.90 | Rs 2988.80 | Rs 2970.50 | Rs 2935.80 | Rs 2910.20 | Rs 2890.05 |
| NHPC | Rs 76.25 | Rs 75.00 | Rs 74.10 | Rs 73.50 | Rs 73.00 | Rs 72.85 | Rs 72.80 |
| Rail Vikas Nigam | Rs 387.40 | Rs 380.25 | Rs 375.80 | Rs 372.40 | Rs 370.50 | Rs 368.20 | Rs 366.05 |
