Marico Ltd Shares On Bull Run Post Analyst/Investor Meet Intimation

Shares of Marico Ltd saw nearly 1.33% increase in value during yesterday’s trading session in NSE. The stock closed for the day at 312.15 per share post hitting intra-day high at 313.85. The stock traded bullish for the last three consecutive trading sessions post update from company regarding Analyst/Investor Meet. Bill William’s Alligator indicator which is used to identify formation of new trend and Parabolic SAR indicator which is used to identify good entry and exit points of ongoing trend have both formed indications of bullish growth in stock in intra-day and daily charts suggesting continued bullish growth in trading sessions to come.

RSI indicator which is used to identify the momentum of existing trend regardless of direction in which the trend moves is currently seeing a stable movement of signal line in range of 51 to 61 with no immediate signs of upward or downward change indicating possibility of range bound performance of stock when trading session opens for the week coming monday. We can expect continued bullish growth in long term while seeing range bound performance in average price range for last 10 trading sessions. Expected support and resistance values for the stock are at 302.95 & 318.94 respectively.

Image : 30 min intra-day data from MCharts MT4 Platform

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GSPL on Bull Run Post Q3 Data & ESOP Announcements

Shares of GSPL today saw over 1% increase in value. The scrip has been on stable uptrend momentum for more than 14 trading sessions post company’s announcement regarding allocation of shares under ESOP scheme and a 42.40% increase in profit in Q3 data for FY 2017-18. Bill William’s alligator indicator which used to identify formation of new trend and Parabolic SAR indicator which is used to identify good entry and exit points have both formed uptrend indication across both intra-day, daily and weekly charts supporting stable uptrend growth in stock value in immediate and near future trading sessions.

The stock has continued to see a stable uptrend growth in value in last four years which has resulted in overall positive sentiment for stock in market which continues to remain solid with positive performance of the company so far. RSI indicator which is used to measure the strength of existing momentum regardless of direction of price movement or trend is moving in range of 53 to 68 while maintaining a stable upward trajectory towards oversold region supporting stock’s upward growth. Expected support and resistance for the stock are at 192.11 & 210.84 respectively.

Image : 30 min intra-day data from MCharts MT4 Platform

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DLF Ltd Stocks on Bull Run Post Update on Emerging as Highest Bidder for HSIIDC Land Parcel E-Auction

Shares of DLF ltd has been trading with over 2% increase in value during today’s trading session in NSE. The scrip reached intra-day high at 227.50 and is currently trading at 226.75 with 1.93% increase in value. The share which took course correction post bull run for 42% Gain on Q3 Profits is currently forming new uptrend momentum over announcement from company on emerging as highest bidder for land parcel e-auction made by HSIIDC. This land parcel which on completion of project development is expected to provider a sale area of nearly 2 million square feet as per update by the company.

While daily & weekly charts show a downward candle movement with bearish indications in bill william’s alligator indicator, the signal lines from the indicator has formed bullish indications in intra-day charts post update suggesting formation of new bullish momentum of stocks. This possibility for uptrend movement is strongly supported by Parabolic SAR indicator which is used to identify good entry and exit points of trend with bullish indications in intra-day charts. RSI indicator which is used to measure the strength of existing momentum regardless of direction of price movement or trend is moving in range of 43 to 61 and continues to move in upward direction across intra-day, daily and monthly charts supportive of bullish growth in immediate and near future trading sessions. Expected support and resistance for the stock are at 219.13 & 230.90 respectively.

Image: 30 min intra-day data from MCharts MT4 Platform.

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Ajanta Pharma Stocks On Bull Run

Shares of Ajanta Pharmaceuticals Ltd today saw over 4% increase in value during intra-day trading session and closed for the day at 1436 per share with 4.48% increase in value in NSE. Bill William’s Alligator indicator which is used to identify formation of a new trend has formed awakening pattern across intra-day charts supporting continued bullish growth in stock value during trading sessions to come this week. The stock opened with bullish momentum for the day and continued to move uptrend till E.O.D in both NSE and BSE during today’s trading session.

Similarly Parabolic SAR which is used to identify good entry and exit points of an ongoing trend has formed uptrend indication in both intra-day and daily chart supportive of uptrend growth in trading sessions to come this week. RSI indicator which is used to identify the strength of existing momentum regardless of direction of trend has moved into oversold region of range 70 to 83 in intra-day charts which suggests possibility of range bound performance during tomorrow’s trading session, however the signal line continues to move in upward direction in range of 43 to 51 across daily , weekly and monthly time frame charts supportive of continued uptrend growth in trading sessions to come this week.Expected support and resistance values for the stock are at 1358.71 & 1448.36 respectively.

Image :  1 hour intra-day chart from MCharts MT4 Platform

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Tata Motors Technical Analysis: 26th February

The stock is trading in downward slope channel and is getting support at its lower line which has been tested earlier also. In today’s session, the stock has given a bounce, indicating of the start of the next wave in the channel. If the stock successfully clears above the Rs 418-420 level, then the next target for the stock will be around at Rs 440 -450 level which is the higher line of the channel. Alternatively, a break below the current support level will be negative, which will then send the prices much lower towards the Rs 270 level.

Looking at MACD and Stochastic, both are diverging to go higher from the lower region or the oversold territory. In the earlier case, when MACD has given positive divergence from the same area, the stock has rallied by up to 25 percent.

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Punjab National Bank (PNB) Technical Analysis: 23rd February

The stock has corrected over 30 percent since it has reported the $1.4 billion scam. The stock seems to get bottom out from its downtrend as it is getting support at the Rs 111 level which has been tested earlier also. The MACD and Stochastic are also indicating a turn around for the stock as both indicators are starting to come out from the oversold area. The immediate resistance for the stock is around t Rs 128 level and if it clears above then it is likely to fill the gap starting around at Rs 140 level but will also face enough resistance and profit booking at those levels.

Alternatively, if prices break further lower then next support is at Rs 92 and then at Rs 70. A strict stop-loss should be maintained to restrict losses in the next few sessions.

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Sun Pharma on Bull Run Post Acquiring Additional 4.84% Shares of Ranbaxy Malaysia

Shares of Sun Pharmaceuticals Ltd today saw over 4% increase in value during intra-day trading session. The stock closed for the day at 545.50 per share with 3.76% increase in value in NSE. This bull run can be viewed as positive influence in market post announcement from the company about increasing its shareholding percentage of Ranbaxy Malaysia to over 90.74% after an additional acquisition of 4.84% shares worth MYR 1 each.

Bill William’s alligator indicator and Parabolic SAR indicator which are used to identify formation of trend and exact point for entry and exit of trend have both formed uptrend indication in intra-day minute charts and hourly charts have started seeing formation of bullish awakening pattern suggesting possibility for bullish momentum in near future trading sessions, however daily, weekly and monthly charts continue to see bearish indications suggesting possible range bound performance of stock in trading sessions to come next week.

Similarly RSI indicator which is used to measure the momentum of stock using signal line which is calculated based on speed of change in stock price is currently moving within range of 42 to 67 with signal line continuing to move in neutral zone supporting possibility of range bound performance in near future trading sessions. Expected support and resistance values for the stock are at 510.91 & 567.09 respectively.

Image : 30 min intra-day data from MCharts MT4 Platform

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Aurobindo Pharma Moves Uptrend Post Earning Calls Transcript Update

Shares of Aurobindo Pharmaceuticals Ltd today saw over 3% increase in value during intra-day trading sessions and is currently trading in NSE at 585.65 per share with 2.57% increase in value. This uptrend momentum of stock during today’s trading session despite bear’s grip on overall market can be viewed as influence from company announcement with detailed transcript of Earnings call for Q3 data.

Bill William’s alligator indicator and Parabolic SAR indicator which are used to identify formation of trend and exact point for entry and exit of trend have both formed uptrend indication in intra-day charts while daily and weekly charts continue to see bearish indication in both these indicators suggesting possibility for range bound performance in immediate and near future trading sessions.

Similarly RSI indicator which is used to measure the momentum of stock using signal line which is calculated based on speed of change in stock price is currently moving within range of 48 to 65 with steep downtrend inclination suggesting continues bearish decline in stock price in near future trading sessions. Expected support and resistance values for the stock are at 560.10 & 621.67 respectively.

Image : 1 hr intra-day data from MCharts MT4 Platform

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TCS on Bull Momentum Post Receiving Global Top Employer Award For Third Consecutive Year

Shares of TCS today saw over 4% increase in value during intra-day trading session reaching as high as 3062.60 in NSE. The stock closed for the day in NSE at 3042.35 with 3.21% increase in value. The stock which was on range bound movement for last 10 trading sessions has started moving on steady uptrend movement post company receiving top global employer award for the third consecutive year.

Bill William’s alligator indicator and Parabolic SAR indicator which are used to identify formation of trend and exact point for entry and exit of trend have both formed uptrend indication in charts of all intra-day as well as daily and weekly chart supportive of stable growth in stock value in immediate and near future trading session.

RSI indicator which is used to measure the momentum of stock using signal line which is calculated based on speed of change in stock price is currently moving within range of 55 to 74 across all time frame and continues to move upward into oversold region in intra-day charts which leads to possibility of slow down in upward momentum of stock in near future trading sessions. Expected support and resistance values for the stock are at 2889.20 & 3074.76 respectively.

Image : 1 hr intra-day data from MCharts MT4 Platform

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ITC Gains Bull Momentum Post A Month Long Bearish Slide

Shares of ITC ltd today saw over 1.40% increase in value during morning trading session in NSE. The stock is currently trading in NSE at 267 per share with 1.42% increase in value and is currently moving in uptrend movement. The stock which was on steep bearish run since the start of the month is slowly recovering its uptrend movement after hitting lowest levels of support in last 23 trading sessions. Bill William’s Alligator indicator which is used to identify formation of a trend has formed complete awakening pattern in intra-day minute charts with green line making bullish crossover on red and blue lines and also has started forming uptrend indication in hourly intra-day charts as well as daily, weekly and monthly charts thereby supporting formation of new uptrend formation.

Similarly Parabolic SAR indicator which is used to identify good entry and exit points of ongoing trends has also formed uptrend indication across charts of intra-day, daily and weekly time frame thereby supporting possibility of uptrend growth in immediate and near future trading sessions. RSI indicator which is used to measure the momentum of stock using signal line which is calculated based on speed of change in stock price is currently moving within range of 45 to 63 across all time frame and continues to move uptrend supporting bullish growth in stock value. Expected support and resistance for the stock for the week are at 262 & 278.69 respectively.

Image : 30 min intra-day data from MCharts MT4 Platform

 

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ZEE Entertainment Turns Range bound Ahead of Board Meeting To Discuss Shareholders Dividend Eligibility

Shares of Coal India today saw over 0.49% increase in value in value closing for the day in NSE at 570.75 per share. Bill William’s alligator indicator and Parabolic SAR indicator which are used to identify formation of trend and exact point for entry and exit of trend have both formed bearish indications across intra-day, daily and hourly charts which leads to possibility of further decline in stock value ahead of board meet to discuss eligibility criteria for dividends. However the last two trading sessions also saw the stock make some bullish recovery during intra-day trading sessions suggestive of possible range bound stock movement in immediate trading sessions to follow this week.

RSI indicator which is used to measure the momentum of stock using signal line which is calculated based on speed of change in stock price is currently moving within range of 34 to 60 across intra-day charts and in range of 38 to 30 in daily and weekly charts as signal line continues to move in downward direction supporting possibility of bearish range bound movement until first week of March 2018. Expected support and resistance values for the stock are at 260.60 & 278.80 respectively.

Image : 15 min intra-day chart from MCharts MT4 Platform

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Coal India Shares Make a Bull Run As Cabinet Announces Private Coal Mining To Be Allowed in India

Shares of Coal India today saw over 1.83% increase in value in value. This bull run can be attributed to two major factors – a positive Q3 financial data with 10% increase in profit on QOQ basis and announcement made by cabinet today allowing commercial mining to be undertaken by private entities which is expected to greatly revolutionize the industry and end the company’s monopoly which is expected to result in the state owned organisation making vast improvements in infrastructure and also maintain a minimum amount of assured coal supply around the year in affordable price range which would also greatly help with power production industries as majority of Indian Electricity still relies on thermal power plant which uses coal as main fuel source.

Bill William’s Alligator indicator which is used to identify formation of a trend has made bullish crossover across minute & hourly intra-day charts as well as daily , monthly and weekly charts thereby supporting formation of new uptrend formation.  Parabolic SAR indicator which is used to identify good entry and exit points has also formed uptrend indication across charts of all time-frame mirroring alligator indicator which strongly supports high probability for uptrend movement of stock in immediate and near future trading sessions. RSI indicator which is used to measure the momentum of stock using signal line which is calculated based on speed of change in stock price is currently moving within range of 45 to 64 across all time frame and continues to move uptrend supporting bullish growth in stock value.

The stock has already managed to breach resistance levels maintained for majority of last year and move on into new uptrend movement although the momentum has turned range bound in last 30 trading sessions. However a positive Q3 data and latest reform made by govt are expected to be of positive influence on company’s growth. Expected support and resistance levels for the stock are at 299.11 & 311.86 respectively. If the stock manages to break two months resistance average price level of 311 and moves on to 312 and above we can expect stock to make new leaps in uptrend price movement.

Image : one hour intra-day data from MCharts MT4 Platform

 

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Hindalco Shares Turn Range bound As Bull Momentum From Q3 Financial Data Announcement Wanes

Shares of Hindalco Ltd saw over 0.20% increase in value during today’s trading session. The stock which took a steep uptrend movement during early February over announcement from company on Q3 financial data which saw 17% increase in value compared to Q3 2016-17 is now moving back towards a price supported by fundamental data. The stock closed for the day in NSE at 248 per share with 0.14% increase in value.

Bill William’s alligator indicator and Parabolic SAR indicator which are used to identify formation of trend and exact point for entry and exit of trend have both formed uptrend indication in intra-day min charts and daily charts while making bearish crossover in hourly and weekly chart which leads to possibility of range bound price movement in immediate market and bearish momentum in near future trading sessions. Similarly Parabolic SAR indicator which is used to identify good entry and exit points has formed uptrend indication in both intra-day, daily and monthly charts supportive of uptrend price growth in future trading sessions.

RSI indicator which is used to measure the momentum of stock using signal line which is calculated based on speed of change in stock price is currently moving within range of 49 to 65 across all time frame and continues to move in neutral zone supporting possibility of range bound movement during this week’s trading session. Expected support and resistance values are at 239.72 & 254.22 respectively.

Image : 15 min intra-day data from MCharts MT4 Platform.

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Jet Airways Technical Analysis : 19.02.2018

Shares of Jet Airways (India) Ltd is trading with 1.80% increase in value since trading session began for the day. The stock is currently trading in NSE at 753.90 per share with 1.89% increase in value. Bill William’s Alligator indicator which is used to identify formation of a trend has made bearish crossover in intra-day hourly charts while minute chart shows both bullish and bearish indications which leads to possibility of range-bound price movement in immediate and near future trading sessions. The indicator has however maintained bullish indications in weekly and monthly charts supportive of bullish growth in long term despite range-bound momentum.

Similarly Parabolic SAR indicator which is used to identify good entry and exit points has formed uptrend indication in both intra-day, daily and monthly charts supportive of uptrend price growth in future trading sessions. RSI indicator which is used to measure the momentum of stock using signal line which is calculated based on speed of change in stock price is currently moving within range of 40 to 62 across all time frame and continues to move uptrend supporting bullish growth in stock value. Expected support and resistance values are at 733.91 & 798.75 respectively.

Image : 15 min intra-day data from Mcharts MT4 Platform

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Maruti Suzuki Technical Analysis: 19th Feb

Maruti is trading just above its major support level at Rs 8,664 which has been tested in the past and also the 23.6 level in Fibonacci scale. The stock has corrected by almost 14 percent from its top level. The 60 DMA is acting as a resistance for the stock and if it clear above this line then it can resume its uptrend movement and the initial target will be around Rs 9200-9300 level. If the stock breaches its major support zone then it is will be a negative development and is likely to reach towards Rs 8,000 level. Thought the stock is largely oversold, further down movement is unlikely and is likely to attract buyers. The minute’s charts are showing buying from lower level happenings.

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India Cement Stocks Technical Analysis : 19.02.2018

Shares of India cements today saw over 2% increase during morning trading session. The share is on bull run post update from company over Aditya Birla Sun Life Mutual Funds Acquiring over 5% shares of India Cements. The shares of India Cements Ltd are currently trading in NSE at 159.65 per share with 2.15% increase in value. Bill William’s alligator indicator which is used to confirm the presence of a trend and identify starting point of trend based on three lines that use a metaphor of alligator’s lips, teeth and jaw has formed a complete awakening pattern across intra-day charts with green line making a bullish crossover over red and blue lines there by confirming formation of a new uptrend movement.

Similarly Parabolic SAR indicator which is used to identify good entry and exit points has formed uptrend indication in intra-day and daily charts supportive of uptrend price growth in immediate and near future trading sessions. RSI indicator which is used to measure the momentum of stock using signal line which is calculated based on speed of change in stock price is currently moving within range of 40 to 62 across all time frame and continues to move uptrend supporting bullish growth in stock value. Expected support and resistance values for stock are at 153.91 & 165.72 respectively.

Image : 15 min intra-day data from MCharts MT4 Platform

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Mindtree Stocks on Bullish Range Bound Movement Post Update of NCLT Convened Meeting

Shares of Mind Tree Ltd started to move on bullish momentum since Q3 results and interim dividends during min Jan’18 has now taken to range-bound movement post update from the company about NCLT Convened Meeting where confirmation was provided for amalgamation of Magnet 360, LLC with Mind-tree Ltd. The shares today closed in NSE at 713.20 with 1.65% increase in value post hitting intra-day high at 720 per share.

Bill William’s alligator indicator which is used to confirm the presence of a trend and identify starting point of trend based on three lines that use a metaphor of alligator’s lips, teeth and jaw has formed a complete awakening pattern across intra-day, daily, weekly and monthly charts with green line making a bullish crossover over red and blue lines there by confirming formation of a new uptrend movement.

Similarly Parabolic SAR indicator which is used to identify good entry and exit points has formed uptrend indication in intra-day and maintained a stable uptrend indication for both weekly and monthly charts supportive of uptrend price growth in immediate and near future trading sessions. RSI indicator which is used to measure the momentum of stock using signal line which is calculated based on speed of change in stock price is currently moving within range of 44 to 62 across all time frame and continues to move uptrend supporting bullish growth in stock value albeit chance for possible range bound movement. Expected support and resistance for the stock are at 698.77 & 738.80 respectively.

Image : 5 min intra-day data from MCharts MT4 Platform

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Bears Grip BEL Shares Post Update On Buyback

Market sentiment for stocks of Bharat Electronics Ltd is currently turning positive with share price taking on bull momentum post update about company’s share buy back announcement. The share price in NSE today reached intra-day high at 158.30 and is currently trading at 155.70. The stock which was trading downtrend for during last week of January and first week of February 2018 has since started moving uptrend post the buyback update. While the overall market sentiment has turned positive ahead of share buyback, Bill William’s alligator indicator which is used to confirm the presence of a trend and identify starting point of trend based on three lines that use a metaphor of alligator’s lips, teeth and jaw has formed bearish indication. The company during its last announcement mentioned that only investors who held the company share on or before 09.02.2018 as minimum eligibility to participate in share buyback offer.

While the market sentiment remains positive, with requirement for meeting buyback tender publicly declared, short term trading activity has began to see increased activity in market and price has started moving downtrend. Parabolic SAR indicator which is used to identify good entry and exit points has formed bearish indication across intra-day , weekly and monthly charts suggesting possibility of bearish stock movement in near future trading sessions. RSI indicator which is used to measure the momentum of stock using signal line which is calculated based on speed of change in stock price is currently moving within range of 37 to 60 across all time frames with major movement of signal line mostly around 42 to 50 suggesting possibility of range-bound price movement with bearish influence. Expected support and resistance values for the stock are at 144.20 & 162.70 respectively.

Image : 1 hour intra-day data from MCharts MT4 Platform

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Oriental Bank of Commerce Technical Analysis: 16th February

The PSB stocks are taking a quite beating since the news of PNB fraud case got reported, but also all the PSB stocks were underperforming for quite a long time as stocks were not technically strong to rise further. If we check the charts of any PSB stocks, the prices were destined to come down following the large surge after the recapitalisation plan was announced.

In OBC, if we see the time in which stock went higher, it was in a correction phase trying to test its major support level around Rs 101, which didn’t happen. The stock was in a continuous downtrend even after it made good gains.

In the current situation, the stock has reached its major support level and could get a bounce from here initially towards the 116 level, clearance of which will send the price of stock above 130 level. All other technical indicators are also suggesting a bounce. This is the situation of all PSB stocks.

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Bata Shares On Bull Run Post Q3 Updates

Shares of Bata India Ltd today saw over 0.50% increase in value. The stock which traded downtrend for majority of January 2018 started moving back up on bull trend post update of Q3 finance which showed 36% increase in profit compared to previous quarter. The share is currently trading at 720 per share in NSE with 0.01% increase in value and hit an intra-day high at 728.60 per share in NSE. Bill William’s alligator indicator which is used to confirm the presence of a trend and identify starting point of trend based on three lines that use a metaphor of alligator’s lips, teeth and jaw is currently supportive of existing uptrend growth of stock. The indicator formed awakening pattern on 08.02.18 ahead of company’s Q3 announcement and has since maintained a positive stance with all three lines moving parallel to each other with green line on top followed by red and blue which can also be viewed as support for no immediate possibility for further decline in stock value.

Similarly Parabolic SAR indicator which is used to identify good entry and exit points has formed uptrend indication in 4 hour, daily, weekly and monthly chart supportive of stable uptrend growth in long term while forming bearish indication in intra-day min and one hour charts which leads us to possibility of range bound movement in immediate and near future trading sessions.  RSI indicator which is used to measure the momentum of stock using signal line which is calculated based on speed of change in stock price is currently moving within range of 41 to 52 in intra-day charts and daily charts which suggests possibility of range bound movement during immediate trading sessions and in range of 51 to 62 in weekly & monthly charts while continuing to move upward supportive of bullish growth in stock value. Expected support and resistance values for the stock are at 660.74 & 761.26 respectively.

Image : 1 hour intra-day data from MCharts MT4 Platform

 

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Gail Technical Analysis : 15.02.2018

Shares of GAIL today saw over 2% increase in value. The stock which was on steep downtrend movement during later half of Jan-18 has started moving back on uptrend momentum post update of Q3 financial data from the company which showed a 28% increase in profit compared to previous Q3. The stock closed for the day in NSE at 475.90 with 1.93% increase in value after hitting intra-day high at 477.75.

Bill William’s alligator indicator which is used to confirm the presence of a trend and identify starting point of trend based on three lines that use a metaphor of alligator’s lips, teeth and jaw has formed a complete awakening pattern in minute and hourly intra-day charts with green line making a bullish crossover over red and blue lines there by confirming formation of a new uptrend movement.

Similarly Parabolic SAR indicator which is used to identify good entry and exit points has formed uptrend indication in minute charts, one hour chart while forming signs of bearish momentum in daily and weekly charts which can be interpreted as sign for continued growth in stock value in near future trading sessions while seeing slow down and range-bound momentum of price movement in long term.

RSI indicator which is used to measure the momentum of stock using signal line which is calculated based on speed of change in stock price is currently in range of 48 to 66 in minute and hourly intra-day charts and in range of 51 to 55 in daily and weekly chart as the line continues to move upward supportive of bullish growth in stock value during immediate and near future trading sessions. Expected support and resistance for the stock are at 438.63 & 498.93 respectively.

Image : One hour intra-day chart from MCharts MT4 Platform

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RIl Technical Analysis : 15.02.2018

Shares of Reliance Industries Ltd today saw over 0.60% increase in value during morning session. The stock was trading at 945.75 per share during early hours of trading session.  Bill William’s alligator indicator which is used to confirm the presence of a trend and identify starting point of trend based on three lines that use a metaphor of alligator’s lips, teeth and jaw has formed a complete awakening pattern in minute and hourly intra-day charts with green line making a bullish crossover over red and blue lines there by confirming formation of a new uptrend movement.

Similarly Parabolic SAR indicator which is used to identify good entry and exit points has formed uptrend indication in minute charts, one hour chart and maintained a stable uptrend indication for both daily and monthly charts supportive of uptrend price growth in immediate and near future trading sessions. RSI indicator which is used to measure the momentum of stock using signal line which is calculated based on speed of change in stock price is currently in range of 50 to 64 in intra-day charts and in range of 51 to 74 in weekly & monthly charts while continuing to move upward supportive of bullish growth in stock value. Expected support and resistance for the stock are at 906.57 & 972.73 respectively.

Image : one hour intra-day charts from MCharts MT4 Platform

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Tech Mahindra – Technical Analysis : 14.02.2018

Shares of Tech Mahindra Ltd today saw over 4% increase in value post recent update from company regarding issue of ESOP announced on 12.02.2018. The stock closed in NSE today at 611.30 with 3.58% increase in value after hitting intraday high at 614.60. Bill William’s alligator indicator which is used to confirm the presence of a trend and identify starting point of trend based on three lines that use a metaphor of alligator’s lips, teeth and jaw has formed a complete awakening pattern in minute and one hour intra-day charts with green line making a bullish crossover over red and blue lines there by confirming formation of a new uptrend movement.

Similarly Parabolic SAR indicator which is used to identify good entry and exit points has formed uptrend indication in minute charts, one hour chart and maintained a stable uptrend indication for both weekly and monthly charts supportive of uptrend price growth in immediate and near future trading sessions. The stochastic oscillator indicator which is used to calculate momentum of selected security by comparing the closing price of a security to the range of its prices over a specific period of time has maintained both its signal lines in oversold region for intra-day charts, weekly & monthly charts suggesting possibility of range bound performance and slow down of uptrend stock growth within next few trading sessions. Expected support and resistance values are at 580.92 & 631.06 respectively.

Image : one hour intra-day data from MCharts MT4 Platform

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Petronet LNG Technical Analysis: 14th February

The stock of Petronet LNG may turn higher in next several session as it has crossed above the 50 days EMA which was acting as a resistance in the last few sessions. The stock was in a consolidation phase after hitting the high level of Rs 275 and is likely to have formed the bottom.

If the stock clears above the Rs 260 level, then it is most likely to move higher towards its 52-week high level of Rs 275. The MACD is also now preparing to diverge towards the positive area indicating strength in the bullish momentum. If we look into charts of more shorter duration ( H4, H1, M30, and M15), there is a perfect breakout higher after crossing the 50 days EMA.

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Infosys Technical Analysis : 14.02.2018

Shares of Infosys Ltd today saw over 0.80% increase in value and over 3% increase in value in last 30 trading sessions. The stock which saw a steep uptrend movement during mid-January over 45.52% increase in net profit on QoQ basis for Q3 FY 2017-18 saw major price correction during last week of Jan and first week of February. The stock has been on uptrend movement since company announced allocation of shares for eligible employees under 2015 stock incentive compensation plan albeit the price moving on range-bound pattern for majority of trading session.

Bill William’s alligator indicator which is used to confirm the presence of a trend and identify starting point of trend based on three lines that use a metaphor of alligator’s lips, teeth and jaw has formed a complete awakening pattern in minute charts with green line making a bullish crossover over red and blue lines and has started forming awakening pattern in hourly charts as well with green line making bullish crossover over red line there by confirming formation of a new uptrend movement. Parabolic SAR indicator which is used to identify good entry and exit points has formed uptrend indication in minute charts and maintained a stable uptrend indication for both weekly and monthly charts supportive of uptrend price gowth in immediate and near future trading sessions.

The stochastic oscillator indicator which is used to calculate momentum of selected security by comparing the closing price of a security to the range of its prices over a specific period of time has maintained both its signal lines in range of 24 to 61 across minute, hourly and weekly time frame and the lines continue to move in upward direction towards oversold region indicating strong support for bullish market sentiment and stable increase in stock price over prolonged time frame. Expected support and resistance values for the stock during trading session for the week are at 1094.17 & 1164.57 respectively.

Image : 30 min intra-day chart from MCharts MT4 Platform

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