Latest Technical Analysis Research 22 May 2020
SMTA Institute
22 May
- NIITTECH
The stock is BULLISH in 15m & Hourly Time-trend.
RSI & MACD are BULLISH . - BUY - 1448 - 1456
STOPLOSS - 1432; TECHNICAL SL 1410
TARGET - 1484 UPTO 1510 - Sentiments
Buy 93 % Sell 7 % - Derivative Option OI
Maximum Call @1400 (Resistance)
Maximum Put @1200 (Support)
- GAIL INDIA LTD.
- The stock is taking a strong resistance from 50% Fibonacci.
However, my view is bullish as:
TIME-TREND INDICATOR ARE BULLISH .
RSI IS ABOVE 50 & MOVING UPWARDS. - Once the prices break 88.5 with volume , the next resistance is 90.3 & 93.
Nearest Support is 86.5
- RECLTD
- The stock is trading in a rising channel . The prices are facing mild resistance from 20EMA.
- Technical indicators are weak.
- Sentiments
Buy 44 % Sell 56 %
Derivative Option OI
Maximum Call @100 (Resistance)
Maximum Put @85 (Support) - Once the channel is broken with Volume , we might see the prices moving swiftly from 86.5 to 85. If the 84.5 price point is also broken, next stop is 80.50.
- Technical SL is 91.75. However, 20EMA might act as a reasonable resistance for prices tomorrow.
- ITC LTD.
The stock has given an upper side breakout above 182 from the WEEKLY INSIDE BAR PATTERN. - Technical Indicators are Bullish .
Time-Trend Indicator is Bullish . - Sentiments
Buy 89 % Sell 11 %
Derivative Option OI
Maximum Call @250 (Resistance)
Maximum Put @180 (Support) - There is a strong supply zone at 192.5-195. Once this zone is broken by Volume or Gapup, we might see 209 & 217 levels in the coming 2-3 trading days.
- The Federal Bank Ltd.
- Today closed at 39.30, the stock has given a downward breakdown (below 40) from the Inverted Flag pattern .
- Technical parameters look weak as of now.
Time-Trend Indicator is bearish as well. - Sentiments
Buy 28 % Sell 72 %
Derivative Option OI
Maximum Call @50 (Resistance)
Maximum Put @40 (Support) - It is likely to see more breakdown if sustains below 40 level. We might see further weakness below 35.7.