Latest Technical Analysis Research 05 june 2020
SMTA Institute
05 Jun
- 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 a strong uptrend zone.
- Technically momentum and trading sentiment looks strong. The more bullish increment can be expected above 584.
On the higher side, 600 - 610 should be considered as a strong resistance.
On the lower side 566 - 560 are supports.
- SRF LIMITED
- The stock closes above the Resistance level 3670 with good volume .
- Technical Indicators are positive.
RSI is sloping upward and is entering a strong upward trend zone. - If the price breaks today's high with volume , the next resistance is 4200. Nearby support is 3620.
- MINDTREE LTD.
- The stock closed above the Resistance level in the daily chart .
- Technical Indicators are bullish .
RSI has entered an uptrend region. - Currently, the price is moving in the Inside-bar pattern. If the price trades above Inside-bar 943, the next resistance is 1013. The support is the low of the inside-bar 890.
- Dr . Lal Pathlabs Ltd.
- The stock is forming a descending triangle & is consolidating in a narrow range.
- RSI is Neutral to Mild-Bullish.
- The prices are likely to take support from the1490-1500 zone. If the prices will close below 1490 and show conviction, we are likely to see an extended weakness in the stock. The next support is 1441, 1385 & 1342.
- Breakout on the upside will take place only above 1600 levels. If the prices break 1600 barrier with volume and conviction, the next noticeable resistance is 1680, 1762 & 1800.
- Coal India Ltd.
- THE STOCK is trading in a narrow range in Weekly Charts and is facing resistance from 150-153 levels.
- RSI Indicator is not bullish .
- With the current indications, we might see the prices to move down to 125-120 price levels.
- However, if the price closes above the narrow range 153, the next resistance is 50 DAY SMA (184) and support is swing low 120 on the weekly chart.