Latest Technical Analysis Research 21 May 2020
SMTA Institute
21 May
- Amara Raja Batteries Ltd.
The prices are consolidating in a narrow range and trading on the verge of a breakout. - Likely to see short term breakout above swing high of 685. Probable resistance (post-breakout) comes at 625 and 645 respectively.
- Bharat Forge Ltd. - Hourly
- The prices are forming a descending Triangle pattern and facing a resistance at 280 levels.
- If prices move up, the stock can reach 300 330 levels. Support exists at around 265 levels.
- Lupin Ltd. -- DAILY
- The stock is consolidating in a narrow range.
- Rsi too taking support above 55 level showing strength in the stock.
- Likely to see a breakout above swing high of 878. Next Resistance is swing Low if 828.
- AUROBINDO PHARMA LTD
- BULLISH INDICATIONS
RSI - ABOVE 75
TE TREND INDICATOR - BULLISH IN HOURLY & DAILY - BUY BETWEEN 700 - 710
WITH STOP LOSS 682
TARGET - START BOOKING AT 744 UP TO 756
- Volume Profile Analysis
- by a Student after 1st session today.
I have removed the markings - I will test these tomorrow in the LIVE MARKET with Students & will share the results with you.