Skip to main content

techtrends

Nifty
Medium Term -Positive

After entering into the over bought region it has come back to the average level. The MACD and the charts both suggests an upward trend in the medium term

Short Term - Positive
A trend reversal is expected since it has already reached the bottom of oversold region and MACD is signaling an upward trend which is about to set in a matter of few days

PSL
Medium Term - Positive

The price is strongly moving however it is quite near to the overbought region so even if the price rises for a few days it is expected to correct itself in the coming trading sessions

Short Term - Negatiive

The price has shown a sudden jump the only caution over here is that it has entered into an overbought region so for a couple of days we might see a downward movement in the stock price

Educomp Solutions
Medium Term - Positive

The stock has moved down for quite a long time, however a trend reversal is seen which might lift up the prices in the coming trading sessions

Short Term - Positive

The stock is trading very near to its oversold region and even MACD indicates a trend reversal which might be seen in the coming trading sessions

Comments

Post a Comment

Popular posts from this blog

Macro factors at play.....

After making an all time high of 8180, Nifty has been on negative rally. It has broken the upward sloping channel pattern. It is said correction in market are good for a long term bull rally. Considering the outcome of the upcoming election results (in Maharashtra and Chennai) it is advisable to stay cautious till market shows a specific direction. MACD has not showed any trend reversal pattern, RSI has been in 30% range. Changes in the macro economic factors like inflation and earnings growth will also play an important role in setting a new direction for the market w.r.t Short – Medium term movement. Even though Medium to Long term trend is positive, but at current level one can look at sector specific stocks and should have a cautious approach towards market.  Disclaimer: -  The views expressed in this article/blog are completely personal. This blog or article should not be considered as an investment advice or recommendation to invest. This article/blog is solely...
Post a Comment
Read more

Aventis Pharma

In past few trading sessions there was a spike in price of share but this was not supported by volume. Indicators like MACD and RSI have turned negative and hence one can start booking profits in the same. S1 1953 S2 1920 R1 1981.5 R2 2017.5 Today’s closing price is 194, it has already broken the crucial support point of 1953, next level to look at is 1920 - 1906. Recommendation:- Book Profits (Sell)
Post a Comment
Read more

HDFC Bank - Buy - For Short Term

A strong upward trend is been noticed/seen in HDFC Bank. One can consider buying the same for a Short Tenure. R1 - 689 R2 - 706 R3 - 724 S1 - 673 S2 - 650
Post a Comment
Read more