Indian Stocks 06/27/2017: ADITYA BIRLA NOVA,CEREBRAINT
Going forward we are going to issue technical analysis/signals on US/Indian Markets.
Techinical Indicators used: RSI, SMA,Volume, Patterns
Number of Recommendations: 2-3 Per Day
1st company on the list is ADITYA BIRLA NOVA :
ADITYA BIRLA NOVA
STOP LOSS: 1664
TIME FRAME:1 Month
COMPANY INFO: financial services, telecommunication, linen, manufacturing and solar power businesses
1)Stock has reached 52 weeks high and consolidated for about 2 months and then broke the Resistance line.
2)Stock has also broken a Triangle with a high volume which is a +ve sign
3)RSI has hit the 50 level and rising higher which is good sign to move up.
STOP LOSS: 53.9
COMPANY: computers, computer peripheral equipment and software
1)Stock has reached 52 weeks high and has formed a flag with high volumes.
2)Stock has to break the high of the flag and close above it
3)RSI has hit the 50 level and rising higher.