Shares of Coal India Ltd today saw over 2% increase in value as news hit market about plans to offer a mix of 30 million tonnes of thermal and coking coal at its recently announced fourth tranche of long-term supply contract for the non-power sector. The scrip reached an intra-day high of 270.20 and closed at 265.15 with 2.37% increase in value in NSE. RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 37 to 54 as the signal line continues to move in neutral region with a slight upward incline supportive of existing momentum for upward price growth.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra day and weekly charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication supportive of continued bullish price movement. Expected support and resistance levels for the stock for the week are at 257.15 and 278.26 respectively.
Shares of Infosys Ltd today saw over 2% increase in value post updates from its Annual General Meeting. The IT bellwether's non-executive Chairman Nandan Nilekani said on June 23 that India's second largest software exporter was ready to get back to faster growth as the focus shifts to execution of previously laid out plan when addressing shareholders at 37th annual general meeting in Bengaluru. He further said the company took stock of its current capabilities and was convinced that there was no better time strategically than now for Infosys. However an anonymous whistle-blower has raised concerns over Infosys not filing with the US Securities and Exchanges Commission the mandatory Form 20F this year that contains financials and key risks to the company and this type of delay is done only when the company is under ongoing investigations by SEC and this may prove to be problem for share holders in both US and India.
With both positive and negative news that could have huge impact on share value coming on same day at start of the week, we can expect the share to be highly volatile during rest of the week. Investors are currently awaiting official response from Company on the allegations. The share touched an intra-day high of 1278.80 in NSE and closed for the day at 1272.45 with 1.97% increase in value. When looking from technical aspect the share shows signs of continued uptrend movement in near future.RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 50 to 68 as the signal line continues to move in neutral region with a slight upward incline supportive of existing momentum for upward price growth.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra day and daily charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 1296.54 and 1217.89 respectively.
Shares of Ultra Tech Cements today saw over 3% increase in value and closed for the day in NSE at INR 3752 per share with 3.05% increase in value. This uptrend movement of stock has been influenced by two major news that circulates in market today which are announcements regarding Annual General Meeting and Lenders approval for acquisition of Binani Cements Ltd. Ultra Tech currently has 19% market share with Shree Cement commanding 22% of the market, however if this deal gets approval Ultra tech's market share will rise to 26% making it the biggest supplier in North India. This comes just in time for Annual General Meeting, If this deal is approved Limestone reserves of Binani Cements is expected help boost Ultra-Tech Cements output greatly thereby boosting its profits which is estimated to rise around 6% per quarter.
RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 46 to 65 as the signal line continues to move in neutral region with a slight upward incline supportive of existing momentum for upward price growth. Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra day charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication supportive of continued bullish price movement. Expected support and resistance levels for the stock for the week are at 3562.42 and 3926.22 respectively.
Shares of Coal India Ltd has been on bull run for past two trading sessions after announcement of its Q4 results. The scrip reached an intra-day high of 292.50 and closed for the day at 289.05 with 2.37% increase in value in NSE. RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 47 to 65 as the signal line continues to move in neutral region with a slight upward incline supportive of existing momentum for upward price growth.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra day and daily charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 294.74 and 272.60 respectively.
Shares of Mahindra & Mahindra Ltd is on uptrend movement today with over 3% increase in value as the Q4 data announced by the company was better than expected. The share hit an intra-day high of 875.70 and closed for the day at 870.25 seeing 2.39% increase in value in NSE. RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 47 to 76 as the signal line moves well inside overbought region across intra-day, daily, weekly and monthly charts supportive of upward momentum in near future trading session.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra day and daily charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 833.59 & 887.68 respectively.
Shares of Coal India Ltd was on uptrend movement today post news of company's plan to increase supplies by at least 15 million tonnes annually in the next few weeks, with three new rail projects linked to high-capacity mines almost complete. The scrip reached an intra-day high of 279.90 and closed for the day at 279.05 with 3.26% increase in value in NSE. RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 48 to 78 as the signal line continues to move well inside overbought region across intra-day, daily, weekly and monthly charts supportive of upward momentum in near future trading session.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra day and daily charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 257.20 and 281.71 respectively.
Shares of Tata Motors Ltd saw uptrend movement during today's trading session and closed with 3.99% increase in value in NSE. The scrip hit an intra-day high of 312.50 and closed at 307.70 per share. The stock is expected continue on its bull run in near future trading sessions as Q4 results are expected to release tomorrow and projections from major fund houses show increase in revenue and profit albeit decrease in demand for JLR products. RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 37 to 68 as the signal line continues to move in neutral region with a slight upward incline supportive of existing momentum for upward price growth.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day charts supportive of continued bullish price movement in near future trading sessions. Expected support and resistance levels for the stock are at 294.53 & 319.71 respectively.
Shares of Hindustan Petroleum Corporation Ltd has been on bull run for last two trading session since the company made announcement of door step delivery of Diesel. The share price reached an intra-day high of 309.95 and closed for the day at 307.90 per share with 0.87% increase in value in NSE. RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 33 to 59 as the signal line continues to move in neutral region with a slight upward incline supportive of existing momentum for upward price growth.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day and daily charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day & daily charts supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 288.39 & 313.88 respectively.
Shares of Bharti Airtel Ltd has been trading uptrend during today's trading session. The scrip saw over 2% increase in value during intra-day session in NSE reaching 413.70 per share and closed for the day at 412.10 per share with 2.40% increase in value. Today's uptrend momentum of stock was influenced by supreme court's push to approve telenor-airtel merger deal without need to submit 1400 crore spectrum fees. RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 47 to 63 as the signal line continues to move in neutral region with a slight upward incline supportive of existing momentum for upward price growth.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day and daily charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day & daily charts supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 373.98 & 428.81 respectively.
Shares of ONGC ltd today saw over 2% increase in value during today's trading session and has been on bull run for last three trading sessions post company's announcement to spend Rs 17,600 crore on drilling a record 535 wells in 2018-19. The company registered 6.3 per cent increase in natural gas production in 2017-18 and is on track to double the output by 2022 as per comment made by top company official. RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 45 to 63 as the signal line continues to move in neutral region with a slight upward incline supportive of existing momentum for upward price growth.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day and daily charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day & daily charts supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 177.17 & 187.57 respectively.
Shares of Hindalco Ltd was up 3% during morning trading session today and has been on bull run for four consecutive trading session. This bull run has gained further momentum post announcement made by company last Friday regarding Board meeting to be held on 10.05.2018 when the board will consider final recommendations for dividends on equity shares and standalone & consolidated Audited financial results of the company for 4th quarter and financial year which ended of 31.03.2018.
RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 47 to 71 as the signal line continues to move well inside overbought region across intra-day, daily, weekly and monthly charts supportive of upward momentum in near future trading session.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra day and daily charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 226.10 and 242.74 respectively.
Shares of Sun Pharma Ltd today saw over 4% increase in value during intra-day session. This uptrend movement during today's session was caused post announcement made by the company on receiving approval from USFDA for its version of Esomeprazole Magnesium which is sold by Astra Zeneca under the brand Nexium. The scrip reached an intra-day high of 539.30 in NSE and closed for the day at 536 with 4.04% increase in value. RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 57 to 74 as the signal line moves well inside overbought region across intra-day, daily, weekly and monthly charts supportive of upward momentum in near future trading session.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra day and daily charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 491.09 and 556.15 respectively.
Shares of Axis bank ltd today saw over 1% increase in intraday session. The scrip reached an intra-day high of 527.95 and closed for the day at 523.75 with 1.25% increase in value. The share has been on bull run for past two trading sessions over news of possible merger with Kotak mahindra bank. RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 48 to 51 and the signal line moves well inside neutral region across intra-day, daily, weekly and monthly charts supportive of upward momentum in near future trading session.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in charts of all time frame supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 499.91 & 542.94 respectively.
Shares of Hindustan Unilever Ltd has been on bull across this week's trading session as many brokerage houses and Analysts have predicted positive Q4 results. The scrip reached an intra-day high of 1498.60 in NSE and closed for the day at 1491.25 with 2.20% increase in value. RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 53 to 80 as the signal line moves well inside overbought region across intra-day, daily, weekly and monthly charts supportive of upward momentum in near future trading session.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in charts of all time frame supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 1385.42 & 1503.98 respectively.
Shares of Yes bank today saw over 8% increase in value post announcement of positive Q4 results. The company saw net profit increase by 29% on YoY basis and net income for Q4 grew by 31.4% increase in value. RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 38 to 73 as the signal line moves well inside overbought region supportive of upward momentum in near future trading session.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day charts supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 284.66 & 366.18 respectively.
Shares of RIL today saw over 4% increase in intra-day session as its telecom arm Reliance Jio added highest monthly users in a year. The scrip reached an intra-day high of 975.70 and closed for the day at 970.05 with 3.64% increase in value. The market sentiment remains mixed among investors while the technical view shows bullish indications. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves has crossed over into overbought region in intra day charts and is currently in range of 57 to 74 and the signal line continues to move near overbought range across daily, weekly and monthly charts supportive of existing momentum for upward price growth.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day, daily and weekly charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day, daily & weekly charts supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 871.41 & 990.96 respectively.
Shares of Indus Ind Bank has been on bull run for last four consecutive trading sessions and saw over 3% increase in value during today's trading session. The scrip reached an intra-day high of 1885.40 and is currently trading at 1882.10 with 3.82% increase in value. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves has crossed over into overbought region in intra day charts and is currently in range of 53 to 78 and the signal line continues to move near overbought range of 70 across daily, weekly and monthly charts supportive of existing momentum for upward price growth.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day, daily and weekly charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day, daily & weekly charts supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 1702.15 & 1899.49 respectively.
Shares of GAIL India Ltd has been on bull run for past six consecutive trading sessions. This upward price growth can be viewed as result of announcement made by company regarding early completion of 1st phase of the prestigious 2,655 km long Natural Gas Pipeline (JHBDPL) project, also known as the 'Pradhan Mantri Urja Ganga' project and arrival of LNG shipment from Russia's Gazprom in May 18.
RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 41 to 73 as the signal line moves well inside overbought region in intra-day charts, while daily, weekly and monthly charts see the signal line move with upward incline toward neutral region from oversold region supportive of existing momentum for upward price growth.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day charts supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 320.92 & 335.98 respectively.
Shares of Yes bank ltd is currently trading with 1% increase in value and has been on bull run for for three consecutive trading session post announcing launch of GST backed over draft facility for MSMEs upto INR 1 Crore. The scrip is currently trading in NSE at 311.25 per share with 1.09% increase in value after hitting an intra-day high of 313.70. RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 38 to 56 as the signal line continues to move in neutral region with a slight upward incline supportive of existing momentum for upward price growth.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day and daily charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day & daily charts supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 303.89 & 320.65 respectively.
Shares of ZEE Entertainment Ltd today saw over 2% increase in value during morning trading sessions. The stock is currently trading in NSE at 588.35 with 2.24% increase in value after reaching an intra-day high of 594.95. While the stock saw range bound performance in market so far this month, a look at price movements across the last two months shows that the price movement has maintained a steady upward incline. Many brokerage houses predict positive YoY sales growth and net profit for the financial year which has helped the stock gain a positive market sentiment among both intra-day , short and long term traders.
Edelweiss brokerage house predicts ZEEL to report net profit at Rs. 291.5 crore up 19.6% year-on-year and net sales is expected to increase by 13.3 percent YoY to Rs. 1731.9 crore. RSI indicator which is used to measure the momentum of stock based on speed of change in stock price regardless of direction in which price moves is currently in range of 48 to 69 as the signal line continues to move in upward direction towards overbought region supportive of existing momentum for upward price growth.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day and daily charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day & daily charts supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 569.03 & 598.82 respectively.
Shares of ITC Ltd today saw over 1% increase in value and has been on bull run for past three trading sessions. The scrip reached an intra-day high of 268.40 and closed for the day at 267.60 with 1.19% increase in value in NSE. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves is currently in range of 44 to 68 as the signal line continues to move in upward direction towards overbought region supportive of existing momentum for upward price growth.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day and daily charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day & daily charts supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 256.98 & 270.02 respectively.
Shares of Power Grid Corporation of India Ltd has been on bull run for last six consecutive trading sessions since bagging a contract " Project Management Consultancy Contract for Construction of 1×500 MW station at Comilla North " from Bangladesh. The scrip today reached an intra-day high of 207.15 in NSE and is currently trading at 202.05 with 2.94% increase in value. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves has crossed over into overbought region in intra day charts and is currently in range of 55 to 83.
The signal line continues to move in upward direction towards oversold region supportive of existing momentum for upward price growth. Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day, daily and weekly charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day, daily & weekly charts supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 191.07 & 212.20 respectively.
Shares of Lupin Ltd today saw over 1% increase in intra-day session. The scrip reached an intra-day high of 797.50 and closed for the day at 794.40 with 1.87% increase in value in NSE. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves is currently in range of 40 to 68 as the signal line continues to move in upward direction towards overbought region supportive of existing momentum for upward price growth.
The scrip has maintained a stable uptrend momentum for the last two weeks with slight range bound price movement. Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day and daily charts supportive of continued uptrend price growth in near future trading session.
Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day & daily charts supportive of continued bullish price movement. Expected support and resistance levels for the stock are at 726.85 & 867.59 respectively.
Shares of Grasim Industries Ltd was up nearly 2% in intra-day session today. The scrip reached an intra-day high of 1097.30 and is currently trading at 1092.40 with 2.70% increase in value. RSI indicator which is used to measure the momentum of stock based on speed of change in price of stock regardless of direction in which price moves is currently in range of 32 to 66 as the signal line continues to move in upward direction towards overbought region supportive of existing momentum for upward price growth.
Parabolic SAR indicator and ADX crosses indicator which are used to identify good points of entry and exit have both formed bullish signals in intra-day and daily charts supportive of continued uptrend price growth in near future trading session. Similarly Zig Zag indicator which is used to predict reversal of trend in longer time frame without being influenced by any short term volatility has also formed uptrend indication across intra-day & daily charts supportive of continued bullish price movement. Expected support and resistance for the stock are at 1056.77 & 1102.30 respectively.