CDSL, Voltas, Muthoot Finance and Hindustan Petroleum Shares Look Bullish on Technical Charts; Price Action Favors Bulls
CDSL, Voltas, Muthoot Finance and Hindustan Petroleum have witnessed bullish signals on technical charts after today's price action on these counters. We can expect further strength in these stocks, based on technical charts. Traders should keep strict stop loss for every trade and should keep levels in mind for entry and exit.
Stock Price Data
| Stock | Open (Rs) | High (Rs) | Low (Rs) | Market Cap (Rs B) | P/E Ratio | Dividend Yield (%) | 52-wk High (Rs) | 52-wk Low (Rs) |
|---|---|---|---|---|---|---|---|---|
| Hindustan Petroleum (HPCL) | 404.90 | 412.35 | 404.45 | 872.51 | 20.78 | 5.12 | 457.15 | 237.33 |
| CDSL | 1,912.00 | 1,928.00 | 1,897.25 | 402.01 | 75.45 | 0.49 | 1,929.40 | 811.00 |
| Voltas | 1,760.00 | 1,790.95 | 1,755.00 | 592.25 | 106.93 | 0.31 | 1,944.90 | 841.50 |
| Muthoot Finance | 2,029.85 | 2,069.00 | 2,028.35 | 828.74 | 17.71 | 1.16 | 2,078.75 | 1,261.90 |
Hindustan Petroleum (HPCL)
Hindustan Petroleum Corporation Limited (HPCL) is a leading oil refining and marketing company in India. With a market capitalization of Rs 872.51 billion and a P/E ratio of 20.78, HPCL is well-positioned in a sector that remains critical for India's energy infrastructure. The stock's dividend yield of 5.12% underscores its appeal to income-focused investors. Despite trading below its 52-week high of Rs 457.15, the stock has shown resilience in the face of fluctuating crude oil prices and demand dynamics. Fibonacci analysis indicates strong support at Rs 315.62, which could be a safe entry point for investors. Resistance at Rs 378.86 suggests potential upside, making this stock attractive for medium-term plays. The company’s focus on expanding refinery capacities and renewable energy investments may further bolster its long-term growth prospects. HPCL’s consistent performance in dividends and robust financials make it a cornerstone in defensive portfolios.
CDSL
Central Depository Services Limited (CDSL) is the first and only listed depository in India, catering to a growing base of retail and institutional investors. With a market capitalization of Rs 402.01 billion and a P/E ratio of 75.45, the stock trades at a premium, reflecting investor confidence in its monopoly-like position. The stock has performed exceptionally well, trading close to its 52-week high of Rs 1,929.40. Fibonacci resistance at Rs 1,544.81 indicates potential price consolidation, while support at Rs 1,195.59 provides a safety cushion. The company benefits from structural growth drivers such as increasing retail participation in equity markets, the rapid adoption of digital investments, and government reforms promoting financial literacy. With a dividend yield of 0.49%, the focus remains on growth rather than income generation. CDSL’s ability to leverage its technology platform and capture market opportunities makes it a promising long-term investment.
Fibonacci Levels
| Stock | Resistance 1 (61.8%) | Support 1 (38.2%) | Support 2 (23.6%) |
|---|---|---|---|
| Hindustan Petroleum (HPCL) | 378.86 | 315.62 | 283.20 |
| CDSL | 1,544.81 | 1,195.59 | 1,015.78 |
| Voltas | 1,548.17 | 1,238.23 | 1,038.93 |
| Muthoot Finance | 1,792.69 | 1,547.96 | 1,419.41 |
Voltas
Voltas, a flagship Tata Group company, dominates India’s consumer durables and air-conditioning market. Its market capitalization of Rs 592.25 billion and a high P/E ratio of 106.93 reflect its premium valuation driven by robust brand equity and market leadership. Currently trading close to its 52-week high of Rs 1,944.90, the stock's Fibonacci resistance is identified at Rs 1,548.17, with support at Rs 1,238.23. These levels suggest room for further upside if the stock breaks key resistance. Voltas has capitalized on rising demand for energy-efficient appliances and its strong after-sales network, making it a household name. Despite global supply chain challenges, the company has maintained strong financial performance. Its strategic focus on diversifying revenue streams through projects in HVAC (heating, ventilation, and air conditioning) and international expansion could unlock future growth. Voltas remains a solid pick for investors seeking exposure to the consumer durables sector.
Muthoot Finance
Muthoot Finance is India’s largest gold loan NBFC, with a market capitalization of Rs 828.74 billion and a P/E ratio of 17.71. The stock’s dividend yield of 1.16% offers steady income, while its robust loan book underscores its resilience. Currently trading near Rs 2,029, the stock is approaching its 52-week high of Rs 2,078.75, reflecting investor optimism. Fibonacci analysis indicates support at Rs 1,547.96 and resistance at Rs 1,792.69, suggesting it is well-placed for further upward momentum. The company benefits from a large unbanked population in India and the cultural affinity for gold, which drives loan demand. Muthoot has diversified its product portfolio with housing loans, microfinance, and personal loans, further strengthening its market position. Given its prudent risk management and operational efficiency, the stock offers a balanced mix of growth and stability, appealing to conservative and growth-focused investors alike.
