MARUTI SUZUKI IND A short term bounce-back halted in front this week due to a strong sell-off. As of now 5865 - 6000 6250-6480 are standing as resistances for the price. On the lower side 5430 - 5200 are immediate supports. KEEP AN EYE!! #tradingedge_academy #SMTA_institute ***this is my personal view. Please take advice from your financial advisor before investing.
Mahindra & Mahindra Ltd. The stock has given a bullish breakout from the upward channel. Technically the main trend is clearly BEARISH but the short term up momentum continues to maintain closing near the weekly high. As of now, the price has breached 50MA: 505 (50MA) and presently trading on the verge of 522 resistance. Short term breakout supported by...
HCL Technologies Ltd. The stock price was able to maintain positive move this week as well and expanded bullish bias above 562 support level. RSI is in BULLISH zone. ***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH*** ***TE BANDS ARE IN GREEN ZONE*** Technically momentum and trading sentiment looks strong. The more bullish increment can be expected above 584....
Infosys Ltd. The stock price is trading within the lower side of the rising channel. Technically 675 - 730 are to be considered as immediate support and resistance respectively for the price presently. Above 730 resistances are 750 - 775. On the lower side major supports are 653 -645. KEEP AN EYE!! #tradingedge_academy #SMTA_institute ***this is my...
TECH MAHINDRA TECHM has formed an NR7 pattern with the narrowest range in seven days. RSI is BEARISH. ***TRADINGEDGE TIME-TREND INDICATOR IS BEARISH*** ***TE BANDS ARE IN RED ZONE*** If the price opens within the range of today's candle then falls to break the low, we might see a breakdown. Nearby support is 515 on the DAILY chart. KEEP AN EYE!!...
Greaves Cotton Ltd. The stock has formed a double bottom pattern. Technical indicators are mild bearish. ***TRADINGEDGE TIME-TREND INDICATOR IS BEARISH*** ***TE BANDS ARE IN RED ZONE*** If the price closes above 90 level, the next resistance is 112 and then 130 on the hourly chart. KEEP AN EYE!! #tradingedge_academy #SMTA_institute
Mahanagar Gas Ltd. The stock closed above the resistance level. The technical indicators are bullish. Volume is higher than average. Near by resistance is 1160 and support is 100DAY SMA(991) on the daily chart. KEEP AN EYE!! #tradingedge_academy #SMTA_institute
Adani Ports and Special Economic Zone Ltd. The stock closed at the resistance level and facing resistance from 200DAY SMA. Technical indicators are bullish. If price closes above the resistance level and 200 day sma(352) next resistance is 380. The support is 100 day sma(318) on daily chart. KEEP AN EYE!! #tradingedge_academy #SMTA_institute
NIFTY 50 The index opened gap down and bounced from the support level and closed at the resistance level. The index respected the trendline as well. Technical indicators are mildly bullish. If price trades above today's high (9960), the next resistance is (10200). If price closes above 10200 level and a new uptrend is expected with 10327 as the next...
DLF The stock is trading in a narrow range. RSI is sloping downwards. ***TRADINGEDGE TIME-TREND INDICATOR IS BEARISH*** ***TE BANDS ARE IN RED ZONE*** Nearby support is 143 and then deep 120 level. Resistance is 162 on the daily chart. KEEP AN EYE!! #tradingedge_academy #SMTA_institute
Escorts Ltd. Escorts Limited (ESCORTS) is showing negativity ahead of 100EMA : 922 in the hourly time frame. RSI is in Downtrend. ***TRADINGEDGE TIME-TREND INDICATOR IS BEARISH*** A breakdown below 920 may further extend the weakness to the lower side. The next support is 200DAY EMA. KEEP AN EYE!! #tradingedge_academy #SMTA_institute
NIFTYFMCG NIFTYFMCG is coming down from the resistance level and has breached it's trading-channel & 50DAY EMA in Hourly Charts. RSI is in a downtrend. ***TRADINGEDGE HOURLY TIME-TREND INDICATOR IS BEARISH*** Nearby support is 100DAY EMA and 200DAY EMA on the hourly chart. KEEP AN EYE!! #tradingedge_academy #SMTA_institute
PNB Housing Finance Ltd. The stock is consolidating in an Ascending Triangle pattern. RSI is strong. Volume is high. ***TRADINGEDGE DAILY TIME-TREND INDICATOR IS BULLISH*** Likely to see momentum breakout above the swing high of 217. KEEP AN EYE!! #tradingedge_academy #SMTA_institute
Asian Paints Ltd. The stock is trading below the previous week's low. RSI is representing downtrend. ***TRADINGEDGE TIME-TREND INDICATOR IS BEARISH*** Nearby support is 1500 and the resistance is 1700 on the weekly chart. KEEP AN EYE!! #tradingedge_academy #SMTA_institute
CADILAHC Cadila Healthcare Limited is trading on the verge of 374 resistance breakout. It has formed a Bearish Doji star pattern. RSI has formed a divergence. ***TRADINGEDGE SCALER TOOL has formed a DIVERGENCE at the top.*** Once the prices breakdown below 366, we might see a downward momentum. The next support is 350 & then 330. KEEP AN EYE!!...
Avenue Supermarts Ltd. The stock is trading at the resistance level. RSI is flat. ***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH*** ***TE BANDS ARE IN GREEN ZONE*** The price can move either side. If the price trades below 2273, the next support is 50DAY SMA (1947). If the price trades above resistance level 2560 next FIB resistance is 2566, and then 2710...
Bharti Airtel Ltd. The stock is trading within the Inside bar pattern for the last 3 trading weeks. RSI is still mildly bullish. ***TRADINGEDGE TIME-TREND INDICATOR IS BULLISH*** ***TE BANDS ARE IN GREEN ZONE*** If the price trades above Inside bar 612 next FIB resistance is 692 (161.8%) and if the price trades below Inside bar 535 next support is 489 on the...
Nestle India Ltd. The stock is trading below the previous week's low and has given a close below the TE MINOR BAND. RSI is mildly bearish. ***TRADINGEDGE TIME-TREND INDICATOR IS BEARISH*** ***TE MINOR BAND IS IN RED ZONE*** If the price closes below 16366, the next support is 15500 and the resistance is 17920 on weekly chart. KEEP AN EYE!!...