SAIL, RCF, Rail Vikas Nigam, NTPC Green Energy Share Price Declines Further as NSE Nifty Cracks 160 Points
SAIL, RCF, Rail Vikas Nigam, NTPC Green Energy and Dredging Corporation were among losing stocks in public sector on Monday as Indian markets opened lower and selling pressure was evident in many blue-chip counters. NTPC Green Energy touched 52-week low and Dredging Corporation also touched yearly lows during early session. TopNews has checked technical levels for these stocks. Traders and short term investors should keep a close watch as recovery could happen soon. Many of the stocks have entered the oversold territory.
Stock Performance
| Stock | Open | High | Low | Market Cap | P/E Ratio | Dividend Yield | 52-Week High | 52-Week Low |
|---|---|---|---|---|---|---|---|---|
| IRFC | Rs 120.72 | Rs 122.83 | Rs 117.88 | 1.59L Cr | 24.36 | 1.23% | Rs 229.00 | Rs 116.65 |
| Rail Vikas Nigam | Rs 340.00 | Rs 354.80 | Rs 332.55 | 73.11K Cr | 54.30 | 0.60% | Rs 647.00 | Rs 213.05 |
| SAIL | Rs 104.40 | Rs 105.14 | Rs 102.57 | 43.10K Cr | 19.23 | 1.91% | Rs 175.35 | Rs 99.15 |
| Bharat Electronics | Rs 248.95 | Rs 249.70 | Rs 242.60 | 1.80L Cr | 36.05 | 0.89% | Rs 340.50 | Rs 179.10 |
| NTPC Green Energy | Rs 105.47 | Rs 105.72 | Rs 102.76 | 87.98K Cr | - | - | Rs 155.35 | Rs 102.76 |
Fibonacci Levels for Each Stock
Fibonacci retracement levels are calculated based on the high and low price of the stock. These levels help identify potential support and resistance points.
1. IRFC
High: Rs 122.83
Low: Rs 117.88
Fibonacci Levels:
0.0% (Low): Rs 117.88
23.6%: Rs 119.05
38.2%: Rs 119.77
50.0%: Rs 120.35
61.8%: Rs 120.94
78.6%: Rs 121.77
100.0% (High): Rs 122.83
2. Rail Vikas Nigam
High: Rs 354.80
Low: Rs 332.55
Fibonacci Levels:
0.0% (Low): Rs 332.55
23.6%: Rs 337.80
38.2%: Rs 341.05
50.0%: Rs 343.68
61.8%: Rs 346.30
78.6%: Rs 350.04
100.0% (High): Rs 354.80
3. SAIL
High: Rs 105.14
Low: Rs 102.57
Fibonacci Levels:
0.0% (Low): Rs 102.57
23.6%: Rs 103.18
38.2%: Rs 103.55
50.0%: Rs 103.85
61.8%: Rs 104.16
78.6%: Rs 104.59
100.0% (High): Rs 105.14
4. Bharat Electronics
High: Rs 249.70
Low: Rs 242.60
Fibonacci Levels:
0.0% (Low): Rs 242.60
23.6%: Rs 244.28
38.2%: Rs 245.31
50.0%: Rs 246.15
61.8%: Rs 246.99
78.6%: Rs 248.18
100.0% (High): Rs 249.70
5. NTPC Green Energy
High: Rs 105.72
Low: Rs 102.76
Fibonacci Levels:
0.0% (Low): Rs 102.76
23.6%: Rs 103.46
38.2%: Rs 103.89
50.0%: Rs 104.24
61.8%: Rs 104.59
78.6%: Rs 105.09
100.0% (High): Rs 105.72
Action Based on Fibonacci Levels
IRFC
Support: Rs 117.88 (0.0%), Rs 119.05 (23.6%)
Resistance: Rs 120.35 (50.0%), Rs 122.83 (100.0%)
Recommendation: If the price stays above Rs 120.35, a buy signal is stronger; otherwise, it may retrace to Rs 117.88.
Rail Vikas Nigam
Support: Rs 332.55 (0.0%), Rs 337.80 (23.6%)
Resistance: Rs 343.68 (50.0%), Rs 354.80 (100.0%)
Recommendation: Holding above Rs 343.68 suggests a bullish move, but falling below Rs 337.80 signals a sell.
SAIL
Support: Rs 102.57 (0.0%), Rs 103.18 (23.6%)
Resistance: Rs 103.85 (50.0%), Rs 105.14 (100.0%)
Recommendation: A buy signal if it stays above Rs 103.85; otherwise, Rs 102.57 is a key support.
Bharat Electronics
Support: Rs 242.60 (0.0%), Rs 244.28 (23.6%)
Resistance: Rs 246.15 (50.0%), Rs 249.70 (100.0%)
Recommendation: Above Rs 246.15 is bullish; below Rs 242.60, caution is needed.
NTPC Green Energy
Support: Rs 102.76 (0.0%), Rs 103.46 (23.6%)
Resistance: Rs 104.24 (50.0%), Rs 105.72 (100.0%)
Recommendation: A buy signal above Rs 104.24; otherwise, it may test Rs 102.76.
