A TECHNICAL UPDATE ON TATA STEEL LTD –23.2.2026

 

TATA STEEL LTD

Open—206.40--High—209.30—Low—204.73—Close—208.36 on 20.2.2026.

Technically it is on a strong footing and looks good for the continuation of the up-move, but it below its multiple tops range of 210.39---211.39 and once it moves above this range and sustain on the closing basis then the broad upside target could be 215---217---223---230---252, else it may drift down, please note that it may correct at any of these points and then may resume the up-move or halt the up-move for a while.

Similarly moving down its critical support points are at 200.55---186.94---184.60----180.60---180.06, it may bounce back from any of these points, but break & sustained close below 200.55 may push it into correction mode, break & sustained close below 186.94 &184.60 will be an extreme alert sign for going down and finally break & sustained close below180.06 may witness an accelerated fall.

The present range for the stock is between 211.39---200.55 and then 200.55—186.94---180.06.

In view of the above observation one can structure their trade or investment accordingly.

NOTE: - It is a technical assessment of the stock as of now, the technical interpretation changes with the price movement and time, therefore it has to be reviewed at regular intervals, furthermore  investors are advised to look into fundamental, financial details of the company because that too keeps on changing and last but not the least management perception for the future of the company before taking investment decision.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. It is for the educational purpose.

 

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

                          Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON OFSS –23.2.2026

 

ORACLE FINANCIAL SERVICES

Open—6650--High—6694—Low—6593—Close—6642.50 on 20.2.2026.

Technically it is on a very weak footing and likely to go down further, but it is important to mention here that it has good support in the range of 6400—6381----5979 so it may bounce back from here for a while but break below this range can drag it down to much lower levels and moving down further the worst price range for the stock could be 4200—3700 as of now.

Similarly if it moves 7038 and sustain on the closing basis then it may give an indication that it can move up further and finally if it moves above 7687 & 7699.50 and sustain on the closing basis then it may gain strength and can extend the up-move further and may resume continued up-move.

In view of the above observation one can structure their trade or investment accordingly.

NOTE: - It is a technical assessment of the stock as of now, the technical interpretation changes with the price movement and time, therefore it has to be reviewed at regular intervals, furthermore  investors are advised to look into fundamental, financial details of the company because that too keeps on changing and last but not the least management perception for the future of the company before taking investment decision.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. It is for the educational purpose.

 

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

                          Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL UPDATE ON CANARA BANK –23.2.2026

 

CANARA BANK

Open—149.20--High—154.50—Low—148.41—Close—154.15 on 20.2.2026.

Technically it is on a strong footing and looks good for the continuation of the up-move, but to keep the up-momentum going in the year-2026 it has to sustain above 158---155—154.91 on the closing basis and it is below it now and if it sustain below it then it may start to drift down further and may seek lower levels. But please note that moving down as long as it holds 138.05 on the closing basis then the chances of re-testing its all-time high of 168.84 will still be alive, else it may drift down further.

Similarly moving up ,it may get back into up-momentum track again once it closes above the range of  154.91—155—158 and sustain but it may have an accelerated up-move only once it moves above 168.84 and sustain on the closing basis and if it does that then the broad upside target could be 175---198---211—228---234—264.

In view of the above observation one can structure their trade or investment accordingly.

NOTE: - It is a technical assessment of the stock as of now, the technical interpretation changes with the price movement and time, therefore it has to be reviewed at regular intervals, furthermore  investors are advised to look into fundamental, financial details of the company because that too keeps on changing and last but not the least management perception for the future of the company before taking investment decision.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. It is for the educational purpose.

 

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

                          Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

 

A TECHNICAL VIEW ON M&M LTD-18.8.2025

 

M&M LTD

 

Open—3273.20---High---3313.50---Low---3262—Close—3265.40 on 14.8.2025. 

Support:3222/3203/3152.80/3130.30/3116.70/3053.60/2955/2932/2886.35/2831.10/2754.15/2736.25/2669.05/2635.60/2625.70/2550/2425. 

Resistance:3271/3303/3313.50/3388/3501/3594/3794/4650/6008. 

(Bold and underlined figures are most important). 

Technically it is on a very strong footing and in the strong long term uptrend and hit a new all-time high of 3313.50 on 14.8.2025, but could not sustain at the upper level and slipped. Please note that moving down as long as it holds the range of 3222.10---3130---3116----3101—3053.60---3007.10(some figure may change) on the closing basis chances of resuming the up-move will be alive, but break & sustain close below 3222 will be an alert sign and break & sustained close below the range of 3130---3116----3101—3053.60 will push it into proper correction mode and can drag it down further and finally break & sustained close below 3007.10 may witness an accelerated fall. Similarly if it moves above 3271 and sustain on the closing basis then the broad upside target could be 3313.50---3388---3501---3594---3794 or more. 

It is important to mention here that although the overall chart setup looks good for the continuation of the up-move but the technical indicators are giving mixed signal on the daily, weekly & monthly chart. Therefore it is suggested to be extremely alert & cautious in the long trade. 

REMARKS: - In view of the above observation, it is suggested to avoid investment buying now and can be tried only on sharp decline near critical support points keeping the long time frame in mind. But since, it is in up-momentum now, therefore trading bet can be tried on decline near 3222 with a stop loss of 3190 or can buy if it moves above 3271 and sustain on the closing basis with a stop loss of 3250. Please note that if trading bet goes substantially favorable then review it for converting  half of your position into investment, else book profit. 

NOTE: - It is a technical assessment of the stock as of now, the technical interpretation changes with the price movement and time, therefore it has to be reviewed at regular intervals, furthermore  investors are advised to look into fundamental, financial details of the company because that too keeps on changing and last but not the least management perception for the future of the company before taking investment decision.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. It is for the educational purpose. 

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS. 

Note: Price stated here are of spot market. 

Contact me for strategic guidance to enter and exit trade.

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

A TECHNICAL VIEW ON HDFC BANK LTD-19.5.2025

 

HDFC BANK LTD

 

Open—1933.80---High---1943.80---Low---1928.40—Close—1934.70 on 16.5.2025.

Support:1929.80/1925/1900.20/1897/1891.80/1886.80/1880/1843.70/1772.85/1738.20.--------

Resistance:1954.80/1961.70/1978.90/2038/2221/2294.

(Bold and underlined figures are most important) 

Technically it is on a very strong footing and looks good for the continuation of the up-move, but after hitting an all-time high of 1978.90 on 23.4.2025 now it is moving in a range of 1978.90----1886.80. It is into very short correction mode also for its recent rise as it is below its threshold point of 1944(figure may change). Please note that the breakout from the above mentioned range on the either side will decide further direction for it, but there are other support & resistance points within the range, support points are 1929.90---1925----1922----1908—1902, break & sustained close below 1929.90 & 1925 will be an alert sign, break & sustained close below 1922 will push it into deep correction mode for its recent rise and finally break & sustained close below 1902 can drag it down to 1886.80 or below. Similarly the resistance points within the range are 1944----1954.80---1961.70, but it will resume the big up-move or scale new peak only once it crosses 1978.90 and sustain on the closing basis, else it will drift down. 

 It is important to mention here that although the overall chart setup looks good for the continuation of the up-move but the technical indicators are giving mixed signal on the daily, weekly & monthly, furthermore it is also into correction mode, it is therefore suggested not to attempt long trade if it remains below 1944. 

Since the technical indicators are giving mixed signal, therefore an aggressive trader can attempt a short trade on the rise near or within the range of 1961---1978 but not above it with a stop loss of 1983 or can try to sell if it moves below the range of 1925---1922 with a stop loss of 1931 or can sell if it moves below 1902 and maintain for some time with a stop loss 1912. 

REMARKS:- It is in the strong long term uptrend but moving in a range now therefore decisive action should be taken after the breakout , but one can structure their trade following the support and resistance range or points within the broad range but with strict stop losses. Please be alert in your trades at this point of time. 

NOTE: - It is a technical assessment of the stock as of now, the technical interpretation changes with the price movement and time, therefore it has to be reviewed at regular intervals, furthermore  investors are advised to look into fundamental, financial details of the company because that too keeps on changing and last but not the least management perception for the future of the company before taking investment decision.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. It is for the educational purpose. 

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

 

Note: Price stated here are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

A TECHNICAL VIEW ON ICICI BANK LTD-19.5.2025

 

ICICI BANK LTD

Open—1453.30---High---1458.70---Low---1447—Close--1454 on 16.5.2025

Support:1438.30/1426.90/1415.50/1398/1388.40/1387/1373/1362/1350.45/1281.65/1265-------------

Resistance:1458.70/1471/1494/1538/1548/1648/1722/1933

(Bold and underlined figures are most important)

Technically it is on a very strong footing and hitting new high every other day and the recent all-time high is 1458.70(hit on 16.5.2025) it can continue the up-journey in coming times. But the range of 1463---1468 (the range will be scaled up for the next week) is the critical resistance range for the week starting from 19.5.2025---23.5.2025 and if it moves above this range and sustain on the closing basis then it could head higher.

In case of moving down it will find support at 1441.78---1438.80---1426.90---1413(figure may change), it may bounce back from any of these points but break & sustained close below 1441.78 will push it into very short correction mode, break & sustained close below 1438.80 could be warning sign, break & sustained close below 1426.90 may trigger fall, break & sustained close below 1413 will push it into deep correction mode for its recent rise and may witness an accelerate fall.

It is important to mention here that although the overall chart setup looks extremely good for the continuation of the up-move but the technical indicators on the daily, weekly & monthly chart speaks slightly otherwise. Therefore it is suggested to be extremely alert and cautious in the long trade at this point of time and avoid long trade if it moves below 1441.78 & 1438.80 and sustain on the closing basis and exit long trade if it moves below 1426.90 and sustain on the closing basis or exit below 1413 for sure.

Since the technical indicators are relatively weak, therefore an aggressive trader can attempt a short trade also, if it remains below 1458.70 with a short stop loss stop loss of 1464 but the authentic stop loss for the week would be 1472, but safe traders should try short trade only below 1438.80---1426.90 & 1413 with a stop loss of 1443—1430 & 1420 respectively or adjust the stop loss with previous days price range.  

REMARKS:- It is in the strong long term uptrend and buy on decline stock till it holds it critical support points as mentioned above. But it is critically poised at this point of so, it may correct also. So be alert and watchful in your trades.

NOTE: - It is a technical assessment of the stock as of now, the technical interpretation changes with the price movement and time, therefore it has to be reviewed at regular intervals, furthermore  investors are advised to look into fundamental, financial details of the company because that too keeps on changing and last but not the least management perception for the future of the company before taking investment decision.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. It is for the educational purpose.

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

 

Note: Price stated here are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

A TECHNICAL UPDATE ON SUPREME IND LTD-15.6.2024

 

SUPREME IND LTD

SECTOR: -- Plastic- Molded Articles & Furniture. 

ATH---6460 MADE ON 12.6.2024.

CMP; 6039.55 on 14.6.2024.

TTM EPS- 84.21(+23.64% Y. O. Y)

TTM/PE: -- 70.89--- SECTOR PE--50. 40

BOOK VALUE- 402.18

PRICE TO BOOK VALUE:--14.85(very high)

DIVIDED YIELD:-.50%

FACE VALUE:-2

EQUITY:-25.41cr

SHARE HOLDING:- PROMOTERS-48.90% ---FII--24.70%---DII---11.40%& PUBLIC--15%. 

Support:5839.80/5666.70/5401/5277/5196/5103/4888/4791/4747/4385/4036/4021. 

Resistance:-6460. 

TECHNICAL VIEW:--

It is in a strong long term uptrend and in the new zone. The important range for the stock now is between 6460---6162----5196, breakout on the either side will decide which way it will move, sustained break above 6162 can take it up to 6460 and sustained break above it can pull it up to 6970/8500/9053 or more. Similarly sustained break below its critical bottom of 5196 can drag it down to lower levels and correction may last longer. In view of the above observation, long can be tried on decline at appropriate support points but not below 5196 with a proper and strict stop loss. 

NOTE: - It is a technical assessment of the stock as of now, the technical interpretation changes with the price movement and time, therefore it has to be reviewed at regular intervals, furthermore  investors are advised to look into fundamental, financial details of the company because that too keeps on changing and last but not the least management perception for the future of the company before taking investment decision.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. 

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

 

Note: Price stated here are of spot market.

 

Contact me for strategic guidance to enter and exit trade.

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

A TECHNICAL VIEW ON ASHAPURA MINECHEM LTD-13.6.2024

 

ASHAPURA MINECHEM LTD

SECTOR: -- The Company is engaged in the mining manufacturing and trading of various mineral and its derivative products. 

Previous all-time high:-447.50 made on 2.1.2008

All-Time High:--483.20 made on 8.12.2023.

All-Time Low: -- 5.88 made in 2001.

Recent Low:-302.90 made on 20.3.2024. 

Open-391.70--High-407--Low-391.55—Close-403.450 on 12.6.2024. 

Support:390.25/287.50/360/351/344.25/327.40/316.85/302.90. 

Resistance:405.45/410/414/421/419/430/447.50/454.30/459.25/483.20. 

(Bold and underlined figures are most important) 

It is shaping up well and technical setup looks good for the continuation of the up move. Please note that it has very strong support at 360 and if it has the strength it is not likely to break it. Moving up from here it will face very stiff resistance points at 414—421---447.50---483.20, sustained close above 414 & 421 will provide it good strength to extend the up move, sustained close above 447.50 may accelerate the up move and finally sustained close above 483.20 will push it into new territory and then the upside target could be 532/556/567/595/618/666/719/776/886/1067/1157. 

REMARKS:- In view of the above observation long trade can be tried now or on decline but not below 360 with a stop loss of 345 and can add further position if it moves above 421 and sustain on the closing basis with a stop loss of 408. It is expected to fetch a return 25—30% in 3-4 months time and 60—75% or more in 11-14 months. 

NOTE: - It is a technical assessment of the stock as of now, the technical interpretation changes with the price movement and time, therefore it has to be reviewed at regular intervals, furthermore  investors are advised to look into fundamental, financial details of the company because that too keeps on changing and last but not the least management perception for the future of the company before taking investment decision.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. 

Kindly note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS. 

Note: Price stated here are of spot market.

Contact me for strategic guidance to enter and exit trade.

 

Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.

 

A TECHNICAL UPDATE ON VA TECH WABANG.

 11.6.2024

A TECHNICAL UPDATE. 

VA TECH WABANG LTD. 

SECTOR--WATER TREATMENT & MISCELLANEOUS. 

ATH---1177. 30 MADE ON 10.6.2024.

CMP-- 1145 NOW

TTM EPS- 39.48(+1811.12% Y. O. Y) 

TTM/PE----- 29.21/ SECTOR PE--27. 43

BOOK VALUE- 245.35

PRICE TO BOOK VALUE:--4.70

DIVIDED YIELD:-0%

FACE VALUE:-2

EQUITY:-12.40cr

SHARE HOLDING:- PROMOTERS-19.10% ---FII--12.50%---DII---5.60%& PUBLIC--62.80%

Support:--1030/1016/972, 50/913/854.05/825.

Resistance:-1157/1177.30/1217/1316/1362/1528/1693.

TECHNICAL VIEW:--

It is in a strong long term uptrend and in the new zone. Please note that it has given a huge upside breakout recently from its previous all-time high of 972.50 after more than 9 years, which is hugely positive and if it sustain above it then it may have an excellent upside move. Moving down it's good support range is between 989---972.50  and the worst price for the stock seems  to be in the range of 854--825 as of now. Please note that sustained break below 854 can drag it down to much lower levels. It is buy on decline stock now at appropriate points but not below the range of 989---972.50 and finally  not below the range of  854--825 for sure. 

Remarks:- In view of the above observation long trade can be tried on decline near or within the range of 989---972.50 with a short stop loss of 940 but the authentic stop loss would be below 825.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS. 

Note: Price stated here are of spot market. 

Thanks 

Narendra Kumar Surana

Email—suranank@gmail.com

Mobile—8240951127/9831313654.