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Indian Stocks 06/27/2017: ADITYA BIRLA NOVA,CEREBRAINT

Hello Folks,

Going forward we are going to issue technical analysis/signals on US/Indian Markets.

Techinical Indicators used: RSI, SMA,Volume, Patterns

Frequency: Daily

Number of Recommendations: 2-3 Per Day

1st company on the list is ADITYA BIRLA NOVA :

ADITYA

ADITYA BIRLA NOVA
TARGET: 1950-1970
STOP LOSS: 1664
TIME FRAME:1 Month
COMPANY INFO: financial services, telecommunication, linen, manufacturing and solar power businesses
TECHNICAL ANALYSIS:
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.

CER

 

CEREBRAINT TAR:69
STOP LOSS: 53.9
COMPANY: computers, computer peripheral equipment and software
TECHNICAL ANALYSIS:
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.

Thanks,

WOP

Written by

Owner of Weeklyoptionplays.com which delivers a HIGH ROI Option Picks

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