Technical Analysis: Marathon Nxtgen Realt Ltd.
This document provides a comprehensive technical analysis of Marathon Nxtgen Realt Ltd. stock as of January 8, 2025. It includes key price levels, target projections, and the rationale behind the analysis based on chart patterns and breakouts.
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by RA ALOK DAIYA SEBI Reg. INH000011468
Report as on 8th Jan 2025
Current Market Position
As of January 8, 2025, Marathon Nxtgen Realt Ltd. is trading at a Current Market Price (CMP) of 663. This price point serves as our reference for the following analysis and projections. Understanding the current market position is crucial for contextualizing the subsequent technical indicators and price targets.
Stop Loss Strategy
A key component of risk management in this analysis is the implementation of a stop loss. The recommended Stop Loss level, to be observed at End of Day (EOD), is set at 625. This represents a 5.73% buffer below the current market price, providing a balance between protecting capital and allowing for normal market fluctuations.
1
Stop Loss Level
625 (End of Day)
2
Buffer
5.73% below CMP
3
Purpose
Risk management and capital protection
Price Targets
Based on the technical analysis, three price targets have been identified for Marathon Nxtgen Realt Ltd.:
735
Target 1
10.86% potential upside
794
Target 2
19.76% potential upside
868
Target 3
30.92% potential upside
These targets represent key resistance levels where the stock price may experience significant reactions. Investors should monitor these levels for potential profit-taking or reevaluation of positions.
Technical Rationale
The primary technical indicator driving this analysis is a fresh breakout observed on the daily chart. A breakout occurs when the price moves above a previously established resistance level, often signaling the start of a new uptrend. This breakout suggests increased buying pressure and potential for further upside movement.
Breakout Analysis
The fresh breakout on the daily chart is significant for several reasons:
- It indicates a shift in market sentiment from bearish or neutral to bullish.
- The breakout suggests that buyers have overcome previous selling pressure at the resistance level.
- It often leads to increased trading volume, confirming the strength of the move.
- Breakouts can attract more buyers, potentially leading to a sustained uptrend.
Risk Factors
While the technical analysis suggests a bullish outlook, it's important to consider potential risks:
False Breakout
The breakout may not sustain, leading to a price reversal.
Market Volatility
Unexpected news or events could impact the stock's trajectory.
Sector Trends
Overall real estate sector performance may influence the stock.
Conclusion and Recommendations
The technical analysis of Marathon Nxtgen Realt Ltd. indicates a potentially bullish outlook based on the fresh breakout observed on the daily chart. Investors may consider entering or adding to positions, keeping in mind the identified stop loss and target levels. However, it's crucial to monitor the stock closely for any signs of weakness or reversal. As always, this analysis should be combined with fundamental research and overall market analysis for a comprehensive investment strategy.