Top Performing Stocks on NSE: Price Action Analysis on 3 October 2024
Overview
This article will provide an in-depth analysis of the top-performing stocks on the National Stock Exchange (NSE) as of 3 October 2024. It will cover the following key aspects:
1. Inox Wind Ltd
- Price: ₹239.27
- 1-Year Return: 395.77%
Price Action Analysis:
- Trend: Strong uptrend with higher highs and higher lows.www.tarunk.in
- Support: Around ₹200.
- Resistance: Near ₹250.
- Candlestick Patterns: Bullish Engulfing and Hammer patterns indicate strong buying pressure.
2. GE T&D India
- Price: ₹1,686
- 1-Year Return: 271.57%
Price Action Analysis:
- Trend: Consistent uptrend.
- Support: Around ₹1,500.
- Resistance: Near ₹1,700.
- Candlestick Patterns: Multiple Bullish Engulfing patterns suggest continued bullish momentum.
3. Trent Ltd
- Price: ₹7,613
- 1-Year Return: 265.97%
Price Action Analysis:
- Trend: Strong upward movement.
- Support: Around ₹7,000.
- Resistance: Near ₹7,800.
- Candlestick Patterns: Bullish patterns like Morning Star indicate potential for further gains.
4. ABB Power
- Price: ₹14,279
- 1-Year Return: 249.02%
Price Action Analysis:
- Trend: Steady uptrend.
- Support: Around ₹13,500.
- Resistance: Near ₹15,000.
- Candlestick Patterns: Bullish Engulfing and Piercing Line patterns suggest strong buying interest.
5. Phillips Carbon Black Ltd
- Price: ₹571.20
- 1-Year Return: 238.99%
Price Action Analysis:
- Trend: Uptrend with occasional pullbacks.
- Support: Around ₹500.
- Resistance: Near ₹600.
- Candlestick Patterns: Bullish Harami and Hammer patterns indicate potential reversals.
6. Motilal Oswal Financial Services Ltd
- Price: ₹742.80
- 1-Year Return: 238.08%
Price Action Analysis:
- Trend: Strong uptrend.
- Support: Around ₹700.
- Resistance: Near ₹800.
- Candlestick Patterns: Bullish Engulfing and Morning Star patterns suggest continued bullish sentiment.
7. Signatureglobal India Ltd
- Price: ₹1,613
- 1-Year Return: 237.60%
Price Action Analysis:
- Trend: Uptrend with higher highs.
- Support: Around ₹1,500.
- Resistance: Near ₹1,700.
- Candlestick Patterns: Bullish Engulfing and Hammer patterns indicate strong buying pressure.
8. Anant Raj Ltd
- Price: ₹727.60
- 1-Year Return: 231.33%
Price Action Analysis:
- Trend: Consistent uptrend.
- Support: Around ₹700.
- Resistance: Near ₹750.
- Candlestick Patterns: Bullish Harami and Piercing Line patterns suggest potential for further gains.
9. Kalyan Jewellers India Ltd
- Price: ₹750.15
- 1-Year Return: 230.10%
Price Action Analysis:
- Trend: Strong upward movement.
- Support: Around ₹700.
- Resistance: Near ₹800.
- Candlestick Patterns: Bullish Engulfing and Morning Star patterns indicate continued bullish momentum.
10. Cochin Shipyard Ltd
- Price: ₹1,706
- 1-Year Return: 213.40%
Price Action Analysis:
- Trend: Steady uptrend.
- Support: Around ₹1,600.
- Resistance: Near ₹1,800.
- Candlestick Patterns: Bullish Engulfing and Hammer patterns suggest strong buying interest.
11. Godfrey Phillips India Ltd
- Price: ₹6,819
- 1-Year Return: 213.17%
Price Action Analysis:
- Trend: Uptrend with occasional pullbacks.
- Support: Around ₹6,500.
- Resistance: Near ₹7,000.
- Candlestick Patterns: Bullish Harami and Piercing Line patterns indicate potential reversals.
Conclusion
These stocks have shown impressive returns over the past year, driven by strong price action and bullish market sentiment. By analyzing their price trends, support and resistance levels, and candlestick patterns, investors can make informed decisions about potential investments.
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