Exit ITM Power PLC (LON: ITM) 

Overview: ITM Power PLC (LON: ITM) is a United Kingdom-based company, which designs and manufactures electrolysis based on proton exchange membrane (PEM) technology to produce green hydrogen using renewable electricity and water. This Report covers the Key Recommendation Rationale, Conclusion, and Recommendation on the stock. ITM has been a part of the 'Momentum Model Portfolio' since July 30, 2025. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on stock at the Current Market Price of GBX 71.80 as of August 05, 2025, at 08:00 AM GMT+1.

ITM’s Daily Chart as on 05 August,2025

New Entry Case: Chemring Group PLC (LON: CHG)

Overview: Chemring Group PLC (LON: CHG) is a FTSE 250 index listed stock specializing in manufacturing and technology, known for delivering market-leading, innovative solutions tailored to address complex customer needs. Leveraging deep scientific and engineering expertise, it transforms ideas into practical applications—designing and developing critical solutions that provide protection and reliability in today’s unpredictable and volatile global environment.

Technical Analysis: CHG daily chart shows the price holding above a key horizontal support zone, indicating a potential upside. The 14-period Relative Strength Index (RSI) is at 53.48, suggesting a possible reversal from lower levels. However, the 50-day Simple Moving Average is currently trading below the price, acting as a support level. Even so, price stability above support may lead to strength in CHG over the short term if momentum improves.

CHG is recommended as a new entry in the 'Momentum Model Portfolio' as on August 05, 2025. Considering the technical analysis, support and resistance levels, an 'Entry' is recommended in the 'Momentum Model Portfolio' at the Current Market Price of GBX 555.09 as on August 05, 2025, at 08:00 AM GMT+1.

CHG Daily Chart as on 05 August 2025

Support and Resistance Summary (As on August 05, 2025)

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of August 05, 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Note 4: Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.  

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.