Latest Technical Analysis Research 27 May 2020
SMTA Institute
27 May
- JK CEMENTS LTD
- The stock price is trading with positive bias with increased volume .
- As of now, the high of today's candle 1178 needs to be considered as immediate resistance.
- If the prices give a breakout and sustain above 1178, there is a chance to expand underlying positive bias further on the higher side.
- IPCA Laboratories Limited
- IPCALAB is trading at the upper Bollinger band , ahead of pennant formation breakout. It is taking a good support from mid-Bollinger Band.
- Technical Indicators are BULLISH .
TIME_TREND indicator is BULLISH . - Technically 1660 can consider as an immediate breakout level.
- Hindalco Industries Ltd.
- The stock is consolidating in an Ascending Triangle pattern in the daily chart .
- The prices are likely to see a breakout above the swing high of 132.5.
- Technical parameters look positive as of now. Time Trend in Daily is also BULLISH .
- We are likely to see a short term momentum in the stock. Next noticeable resistances are 140, 150 & 165.
- MARUTI SUZUKI IND
- MARUTI is trading near its resistance in 30 mins chart.
Once the prices break 5286 with volume and conviction, the prices might swiftly move to 5366-5396 Supply Zone . - Technical Indicators are BULLISH .
TIME-TREND Indicator is BULLISH . - Sentiments
Buy 89 % Sell 11 %
Derivative Option OI
Maximum Call @5500 (Resistance)
Maximum Put @4800 (Support)
- AMARAJABAT is facing resistance from a SUPPLY ZONE (609-617). Once this zone is broken with Volume & conviction, the price will reach 632 in 2-3 Days timeframe.
- TECHNICAL INDICATORS ARE BULLISH .
TIME TREND INDICATOR - BULLISH . - Sentiments
Buy 96 % Sell 4 %
Derivative Option OI
Maximum Call @620 (Resistance)
Maximum Put @500 (Support)