Latest Technical Analysis Research 02 June 2020
SMTA Institute
02 Jun
- Biocon Ltd.
- The stock has given an excellent volume breakout above 365.
- RSI is bullish . MACD is neutral to bullish.
- Staying above Monday's high (390), the stock may continue the momentum and show further upmove.
- 340 might be considered immediate support
- RBLBank
- The stock is consolidating in a rectangle pattern in the daily chart .
- We are likely to see a momentum breakout above the swing high of 137.
- Technical parameters look positive as of now.
- Mid-Bollinger band (118) can be considered as the nearest SUPPORT.
- Larsen & Toubro Infotech Limited
- The stock closed above the Resistance level (1842).
- Technical Indicators are bullish.
- If the prices break today's high with volume , we might see 1975 price levels in a couple of days.
- Nearby SUPPORT is 100 Simple Moving Average on Daily Chart .