Simple Nifty trading view and Breakout stocks for January 2024

Simple Nifty Trading View 

For # Nifty 2024 might begin on a sluggish note. There is not much room left on the upside for the #Nifty to rise from here. Resistances are coming up to halt the current rally. From October onwards it did not brake previous week low. 

#nifty has resistance at 21,834. #nifty50 can see a corrective fall till 21,000 or even lower from this resistance.

KPIT Technologies Limited:

It is an Indian multinational corporation that provides product engineering and IT consulting services to various industries. Here are some details about KPIT Technologies:

Core Areas of Operation:

  • Automotive and Transportation: KPIT is known for its expertise in providing solutions to the automotive industry, including connected vehicles, autonomous driving, and electric mobility.
  • Energy and Utilities: The company offers services in the energy and utilities sector, focusing on renewable energy and smart grid solutions.
  • Manufacturing: KPIT provides digital transformation and IT consulting services to manufacturing industries.
  • Government and Defense: The company serves government and defense organizations with technology solutions.
Trading Plan: 

         CMP    : 1532
         ENTRY: 1554
         SL        : 1410

Patanjali Foods:

It is known for producing a wide range of products, including ayurvedic medicines, personal care items, and food products.

The company has gained popularity in India for promoting natural and traditional products. Some of the categories of products offered by Patanjali Foods include:

  • Ayurvedic Medicines: Traditional herbal and ayurvedic medicines.
  • Personal Care Products: Items like shampoos, soaps, toothpaste, skincare products, etc.
  • Food and Beverages: Various food products such as edible oils, atta (flour), biscuits, juices, etc.
Trading Plan: 

         CMP    : 1664
         ENTRY: CMP
         SL        : 1531

Elecon Engineering:

It is an Indian company that specializes in the design, manufacture, and supply of material handling equipment and industrial gears. Here are some details about Elecon Engineering Company:

Core Areas of Operation:

  • Material Handling Equipment: Elecon is known for manufacturing a wide range of material handling equipment, including conveyors, stackers, reclaimers, and wagon tipplers.
  • Industrial Gears: The company is a major player in the production of industrial gears, such as helical gears, bevel helical gears, worm gears, and planetary gears.
Trading Plan: 

         CMP    : 1002
         ENTRY: CMP
         SL        : 906

Century Plyboards:

It is an Indian manufacturer of plywood, laminates, veneers, and other building materials. Here are some details about Century Plyboards:

Product Range:

  • Plywood: CenturyPly is a leading manufacturer of various types of plywood, including decorative plywood, commercial plywood, and marine plywood.
  • Laminates: The company produces high-pressure decorative laminates used in furniture, interiors, and other applications.
  • Veneers: Century Plyboards offers a range of veneers for decorative surfaces.
  • MDF (Medium Density Fiberboard) and Particle Board: The company is involved in the production of MDF and particle boards used in furniture and construction.
Trading Plan: 

         CMP    : 775
         ENTRY: CMP
         SL        : 699

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.

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