IndusInd Bank on Bull Run Post Q4 Results

Shares of Indus Ind Bank has been on bull run for last four consecutive trading sessions and saw over 3% increase in value during today’s trading session. The scrip reached an intra-day high of 1885.40 and is currently trading at 1882.10 with 3.82% increase in value. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves has crossed over into overbought region in intra day charts and is currently in range of 53 to 78 and the signal line continues to move near overbought range of 70 across daily, weekly and monthly charts supportive of existing momentum for upward price growth.

Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day, daily and weekly charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day, daily & weekly charts supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 1702.15 & 1899.49 respectively.

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Gail On Bull Run As Phase-1 of Urja Ganga Project is Expected to Complete Ahead of Schedule

Shares of GAIL India Ltd has been on bull run for past six consecutive trading sessions. This upward price growth can be viewed as result of announcement made by company regarding early completion of 1st phase of the prestigious 2,655 km long Natural Gas Pipeline (JHBDPL) project, also known as the ‘Pradhan Mantri Urja Ganga’ project and arrival of LNG shipment from Russia’s Gazprom in May 18.

RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 41 to 73 as the signal line moves well inside overbought region in intra-day charts, while daily, weekly and monthly charts see the signal line move with upward incline toward neutral region from oversold region supportive of existing momentum for upward price growth.

Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day charts supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 320.92 & 335.98 respectively.

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Yes Bank on Bull Momentum Post Announcement of Overdraft Facility for MSME based on GST

Shares of Yes bank ltd is currently trading with 1% increase in value and has been on bull run for for three consecutive trading session post announcing launch of GST backed over draft facility for MSMEs upto INR 1 Crore. The scrip is currently trading in NSE at 311.25 per share with 1.09% increase in value after hitting an intra-day high of 313.70. RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 38 to 56 as the signal line continues to move in neutral region with a slight upward incline supportive of existing momentum for upward price growth.

Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day and daily charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day & daily charts supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 303.89 & 320.65 respectively.

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Zee Entertainment Ltd Up 2% Over Positive Q4 Projections

Shares of ZEE Entertainment Ltd today saw over 2% increase in value during morning trading sessions. The stock is currently trading in NSE at 588.35 with 2.24% increase in value after reaching an intra-day high of 594.95. While the stock saw range bound performance in market so far this month, a look at price movements across the last two months shows that the price movement has maintained a steady upward incline. Many brokerage houses predict positive YoY sales growth and net profit for the financial year which has helped the stock gain a positive market sentiment among both intra-day , short and long term traders.

Edelweiss brokerage house predicts ZEEL to report net profit at Rs. 291.5 crore up 19.6% year-on-year and net sales is expected to increase by 13.3 percent YoY to Rs. 1731.9 crore. RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 48 to 69 as the signal line continues to move in upward direction towards overbought region supportive of existing momentum for upward price growth.

Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day and daily charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day & daily charts supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 569.03 & 598.82 respectively.

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ITC on Bull Run For Three Consecutive Trading Sessions

Shares of ITC Ltd today saw over 1% increase in value and has been on bull run for past three trading sessions. The scrip reached an intra-day high of 268.40 and closed for the day at 267.60 with 1.19% increase in value in NSE. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves is currently in range of 44 to 68 as the signal line continues to move in upward direction towards overbought region supportive of existing momentum for upward price growth.

Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day and daily charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day & daily charts supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 256.98 & 270.02 respectively.

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Power Grid Stocks On Bull Run Post Bagging Contract From Bangladesh

Shares of Power Grid Corporation of India Ltd has been on bull run for last six consecutive trading sessions since bagging a contract ” Project Management Consultancy Contract for Construction of 1×500 MW station at Comilla North ” from Bangladesh. The scrip today reached an intra-day high of 207.15 in NSE and is currently trading at 202.05 with 2.94% increase in value. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves has crossed over into overbought region in intra day charts and is currently in range of 55 to 83.

The signal line continues to move in upward direction towards oversold region supportive of existing momentum for upward price growth. Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day, daily and weekly charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day, daily & weekly charts supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 191.07 & 212.20 respectively.

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Lupin on Bull Run Ahead of Q4 Results

Shares of Lupin Ltd today saw over 1% increase in intra-day session. The scrip reached an intra-day high of 797.50 and closed for the day at 794.40 with 1.87% increase in value in NSE. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves is currently in range of 40 to 68 as the signal line continues to move in upward direction towards overbought region supportive of existing momentum for upward price growth.

The scrip has maintained a stable uptrend momentum for the last two weeks with slight range bound price movement. Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day and daily charts supportive of continued uptrend price growth in near future trading session.

Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day & daily charts supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 726.85 & 867.59 respectively.

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Grasim Industries Up 2% in Intra-day Session

Shares of Grasim Industries Ltd was up nearly 2% in intra-day session today. The scrip reached an intra-day high of 1097.30 and is currently trading at 1092.40 with 2.70% increase in value. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves is currently in range of 32 to 66 as the signal line continues to move in upward direction towards overbought region supportive of existing momentum for upward price growth.

Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day and daily charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day & daily charts supportive of continued bullish price movement. Expected support and resistance for the stock are at 1056.77 & 1102.30 respectively.

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NTPC Up Nearly 1% in Intra-day Trades

Shares of NTPC Ltd today saw nearly 1% increase in value in intra-day session. The scrip reached an intra-day high of 171.70 in NSE and is currently trading at 170.90 with 0.83% increase in value. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves is currently in range of 36 to 69 and signal line continued to move well inside neutral region with slight incline towards overbought region supportive of uptrend price momentum.

While Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day and daily charts, PSAR indicator has formed entry signal in weekly charts as well supportive of continued bullish price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day & daily charts supportive of continued uptrend price movement. Expected support and resistance values for the stock for trading sessions to come next week are at 167.19 & 171.82 respectively.

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TCS on Bull Run Ahead of Q4 Results Update

Shares of TCS Ltd today saw over 4% increase in value and this can be viewed as positive influence of market sentiment and spur gained from IT sectorial index growth. All major IT stocks saw slight bull run today. TCS reached intra-day high of 3150 and is currently trading in NSE at 3141.75 with 4.23% increase in value. The scrip has been on bull run for last 10 consecutive trading session and the stock price continues to grow ahead of Q4 results expected next week.

According to estimates from Edelweiss, the company is expected to see 3% QoQ increase in net profit and see 2% QoQ increase in net sales. And the general consensus in market looks positive towards TCS which supports possibility for stock price to see continued price growth ahead of Q4 results. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves is currently in range of 57 to 87 and signal line continued to move well inside overbought region supportive of existing price momentum.

While the stock price continues to grow, sideways price movements are expected to be found on multiple session over expected profit booking activities. Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day, daily and weekly charts supportive of continued bullish price growth in near future trading session.

Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day, daily, weekly and monthly charts supportive of continued uptrend price movement. Expected support and resistance for the stock are at 2781.78 & 3249.39 respectively.

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Wipro on Bull Run As IT Stocks Gain on Rupee Weakness

Shares of Wipro Ltd today saw over 1% increase in value as IT stocks take on bull rally over Weak Indian Rupees. The scrip reached an intra-day high of 290.50 and is currently trading at 288.55 with 1% increase in value at NSE.  RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves is currently in range of 41 to 58 and signal line continued to move well inside neutral region supportive of  existing price momentum.

Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day and daily charts supportive of bullish price growth in near future trading session. Similarly  Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day charts supportive of uptrend price movement. Expected support and resistance for the stocks are at 278.55 & 291.08 respectively.

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Aarthi Industries Ltd Up 3% in Intra-Day Session

Shares of Aarthi Industries Ltd today saw over 3% increase in value. The scrip reached an intra-day high of 1224 and is currently trading at 1220.92 with 2.97% increase in value in NSE. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves is currently in range of 52 to 78 crossing well inside overbought region supportive of bullish price momentum. Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day and daily charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day & daily charts supportive of continued bullish price movement. Expected support and resistance for the stock are at 1122.61 & 1235.75 respectively.

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HCL Tech Up 2% Over Kotak’s Estimate For Q4 HCL Sales To See 3.5% Growth

Shares of HCL Tech Ltd today saw over % increase in intra-day session. This uptrend spike can be viewed as influence caused by Kotak’s Q4 estimate for HCL Technologies. The brokerage house expects HCL Technologies to report net profit at Rs. 2,285.3 crore up 4.2% quarter-on-quarter and see net sales increase by 3.5 percent Q-o-Q (up 10 percent Y-o-Y) to Rs. 13,259.2 crore. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves is currently in range of 50 to 63 as the signal line continues to move in upward direction towards overbought region supportive of existing momentum for upward price growth.

Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day and daily charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day & daily charts supportive of continued bullish price movement.

The scrip reached an intra-day high of 977.70 and is currently trading at 970.15 with 2.29% increase in value during intra-day trading session due to small levels of profit booking activity during later half of trading session. Expected support and resistance for the stock are at 943.22 & 989.13 respectively.

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ITC Up 1% in Intra-day Session

Shares of ITC Ltd today saw over 1% increase in value during intra-day session. The scrip reached an intra-day high of 266.05 and is currently trading at 265.50 with 1.78% increase in value. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves is currently in range of 46 to 77 well above oversold region and the signal line continues to move inside overbought region across intra-day and daily time frames with no sign of slow down in momentum supportive of continued uptrend price movement in near future trading session.

Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day and daily charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day & daily charts supportive of continued bullish price movement. Expected support and resistance values for the stock are at 252.76 & 266.94 respectively.

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Titan Up 2% Over Q4 Update

Shares of Titan Ltd has seen over 2% increase in value during today’s trading session and has been on bull trend for last three trading sessions. The scrip is currently trading at 965.80 with 2.71% increase in value after reaching intra-day high of 971.80. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves is currently in range of 45 to 79 well above overbought region and the signal line continues to move inside oversold region across intra-day, daily, weekly and monthly time frames with no sign of slow down in momentum supportive of continued uptrend stock price movement.

Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day, daily and weekly charts supportive of continued uptrend price growth in near future trading session.  Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day, daily and weekly charts supportive of continued bullish price movement in near future trading session. Expected support and resistance for the stock are at 891.46 & 978.68 respectively.

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Sun Pharma on Bull Run Post Receiving USFDA Approval for Methadone HCL

Stocks of Sun Pharmaceuticals Ltd today saw over 1% increase in value and has been trading uptrend for last six consecutive trading sessions. One of the major reasons for this bull run is approval from USFDA for drug Methadone HCL which is expected to bring millions of dollars in revenue to the company. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves is currently in range of 36 to 58 and the signal line continues to move towards oversold region supportive of uptrend stock price movement.

Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day, daily and weekly charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has formed uptrend indication across all intra-day charts supportive of continued bullish price movement in near future trading session. Expected support and resistance for the stock are at 492.24 & 521.14 respectively.

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BPCL on Bull Run Third Consecutive Trading Session

Shares of BPCL today saw nearly 2% increase in value today and has been on bull run for three consecutive trading sessions. The scrip in NSE reached an intra-day high of 432.40 and is currently trading at 430.90 with 2% increase in value. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves is currently in range of 35 to 67 and the signal line continues to move towards oversold region supportive of uptrend stock price movement.

Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day, daily and weekly charts supportive of continued uptrend price growth in near future trading session.Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has formed uptrend indication across charts in all time frame supportive of continued bullish price movement in near future trading session. Expected support and resistance values for the stock are at 402.50 & 442.70 respectively.

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SBI on Bull Run As RBI Relaxed Provisioning Norms

Shares of SBIN today saw over 4% increase in value as RBI temporarily relaxed provisioning norms for lenders. The scrip reached an intra-day high of 261.90 and closed for the day at 259.30 with 4.85% increase in value. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves has gone well above oversold region in intra-day charts while daily, weekly and monthly charts see the signal line continue to move in upward direction in range of 47 to 51 supporting possibility for bullish price movement in near future trading sessions.

Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day and daily charts supportive of uptrend price movement in near future trading sessions.  Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has formed uptrend indication which strongly supports positive market sentiment and continuation of further bull trend movement in price. Expected support and resistance for the stock are at 244.72 & 262.51 respectively.

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Ador Welding Up 2% in Intra-day Session

Shares of Ador Welding Ltd today saw over 2% increase in morning session spurred on uptrend momentum by overall bullish market sentiment for the day. The scrip reached an intra-day high of 401.90 and is currently trading at 399 with 2.50% increase in value.  RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves is currently in range of 44 to 55 across intra-day and daily charts and signal line continues to move well inside neutral region supportive of uptrend price momentum during immediate and near future trading sessions.

Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in min and one hour intra-day charts supportive of continued uptrend price growth during today’s trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has formed uptrend indication supportive of continued bullish price movement in near future trading session. Expected support and resistance values for the stock are at 384.80 & 414.17 respectively.

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Reliance Power On Bull Momentum For Three Consecutive Trading Sessions

Shares of Reliance Power Ltd has been trading uptrend for last three consecutive trading session post announcement from company over plans to raise upto INR 1000 crores via issue of non convertible debentures. The share today saw over 11% increase in value in NSE reaching intra-day high of 43.90 and closed for the day at 42.45. e. Bill William’s Alligator indicator which is used to identify formation of a new trend has formed awakening pattern across intra-day charts while daily & weekly charts maintain bearish indications which suggests possibility of range bound stock price movement.

However Similarly Parabolic SAR indicator which is used to identify good points for entry and exit in ongoing trend has formed uptrend indications across min intra-day, hourly & daily charts while weekly charts see bearish indications which suggests possibility for continued price growth in near future trading sessions. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves has crossed over well inside oversold region of upto 81, while daily, weekly and monthly charts see the signal line continue to head in upward direction in range of 44 to 57 also supportive of possibility for continued price growth in near future trading sessions. Expected support and resistance values for the stock are at 35.77 & 46.73 respectively.

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Hindustan Unilever Manages To Trade Uptrend Despite Bear’s Grip On Market

Shares Of Hindustan Unilever Ltd has managed to stay bullish across today’s trading session despite bear’s grip on market during afternoon half of trading session. The scrip closed for the day at 1357.45 with 0.67% increase in value after reaching an intra-day high of 1360. Bill Williams Alligator indicator which is used to predict formation of a new trend & Parabolic SAR indicator which is used to predict good point for entry and exit in ongoing trend have both formed uptrend indication across intra-day and daily charts supportive of bullish price movement.

RSI indicator which  is used to measure the momentum of a stock based on speed of change in stock price regardless of direction in which the price moves is currently in a range of 50 to 69 and the signal line continues to move in neutral zone with slight downward incline supporting possibility for continued upward price growth albeit some range bound price movement in near future trading sessions. Expected support and resistance values are at 1280.63 & 1364.15 respectively.

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DLF Among Most Traded Stock in Morning Session With Over 1% Increase in Value

Shares of DLF Ltd continued to be among most traded stock for second consecutive trading session with over 1% increase in value. The stock reached intra-day high of 208.10 and is currently trading at 205.80 with 1.23% increase in value. Bill William’s Alligator indicator which is used to predict formation of a new trend has formed awakening pattern in min and hourly intra day charts while daily, weekly and monthly chart are maintaining bearish indications which suggests possibility of formation of a new bull trend price movement.

Similarly Parabolic SAR indicator which is used to predict good points of entry and exit in ongoing trend have also formed uptrend indication across intra-day charts which supports possibility of a bullish price movement to continue in near future trading sessions. RSI indicator which is used to measure the momentum of a stock based on speed of change in stock price regardless of direction in which the price moves is currently in a range of 38 to 58 and the signal line continues to move well inside neutral region in an upward incline across hourly, daily and weekly charts which also support upward momentum in price movement. Expected support and resistance are at 197.58 & 211.49 respectively.

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Hindustan Petroleum Technical Analysis 03.04.2018

Shares of Hindustan Petroleum Ltd today saw over 3% increase in stock price in intra-day session reaching as high as 357 and is currently trading at 354.35 with 2.86% increase in value un NSE. Bill William’s Alligator indicator which is used to identify formation of a new trend has formed awakening pattern across intra-day charts supportive of bullish price movement while daily & weekly charts maintain bearish indications which suggests possibility of range bound stock price movement.

Similarly Parabolic SAR indicator which is used to identify good points for entry and exit in ongoing trend has formed uptrend indications across intra-day charts while daily and weekly charts see bearish indications supportive of possibility for range bound price movement in near future trading sessions. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves is currently in range of 37 to 68 and the signal line continues to move well inside neutral zone across all time frame which suggests no possibility for any major change in price movement in near future trading sessions. Expected support and resistance for the stock are at 322.71 & 368.15 respectively.

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M&M Shares Up 2% in Intra-day as Automotive Sales Crossed Half Million Mark for the Financial Year

Shares of Mahindra & Mahindra Ltd today saw over 2% increase in intra-day session as the automotive sector of the company saw overall sales grow by 8% as total units sold for the financial year crosses half a million mark for the first time in five years. The stock price reached an intra-day high of 769 and is currently trading at 768.25 with 2.70% increase in value. Bill Williams Alligator indicator which is used to identify formation of a new trend and Parabolic SAR indicator which is used to identify good points of entry and exit in ongoing trend have both formed uptrend indication across intra-day and daily charts supporting formation of a new bullish price trend.

RSI indicator which is used to predict the momentum of stock based on speed of change in price of scrip regardless of direction in which the price moves is currently in a range of 57 to 78 and the signal line continues to move in upward direction across charts of all time frame despite signal line moving well into oversold region in intra-day charts. Expected support and resistance for the stock are at 722.57 & 770.06 respectively.

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Tata Motors Up 2% Over Announcement of 35% Increase in Overall Sales For March 2018

Shares of Tata Motors Ltd today saw over 2% increase in value in intra-day session post announcement made by company regarding 35% increase in overall sales for the month of March 2018 with sale of 69,440 units. The scrip is currently trading at 336 per share with 2.80% increase in value after touching an intra-day high of 338.20. Bill Williams Alligator indicator which is used to identify formation of a new trend and Parabolic SAR indicator which is used to identify good points of entry and exit in ongoing trend have both formed uptrend indication across intra-day charts supporting possibilities for uptrend price movement in near future trading sessions.

RSI indicator which is used to predict the momentum of stock based on speed of change in price of scrip regardless of direction in which the price moves is currently in a range of 29 to 57 and the signal line continues to move in upward direction but well inside neutral zone supportive of stability in current price movement. While there is no immediate signs of bearish price movement we can expect the stock price to continue in a range bound momentum with price seeing slow upward climb in trading sessions to come this week. Expected support and resistance price for the stock are at 330.08 & 342.27 respectively.

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