Bajaj Electrical chart

Charts of the day – 13th March, 2018

by Elearnmarkets on Charts, Market Analysis

Bajaj Electrical chart

Bajaj Electrical is Trading at its lifetime high. Today with high volume the stock breaks its previous Resistance level. In today’s trading session RSI has crossed its level 70 and entered into its overbought level. In case of MACD it is above its zero level.

(Not a reco to buy/sell/ hold)

City Union Bank Ltd chart

After trying multiple times today City Union Bank Ltd has able to close above its resistance level. For last few trading session the stock was trading in a range but today volume supported the stock to cross its last swing high. However RSI has just entered into its overbought zone and showing that the stock has the superb support of momentum. MACD is in its positive zone.

(Not  a reco to buy/sell/ hold)

Eicher Motor chart

Eicher Motor today gave a breakout. For last 2 weeks the stock was trading in a range. Today’s Volume was higher than the last  4 day’s trading volume. In case of indicator RSI crossed its 60 level, MACD above its signal line for last few trading session and today its able to cross its zero line.

(Not a reco to buy/sell/ hold)

TITAN Company Ltd

After trading in a very narrow and choppy range today TITAN Company Ltd crossed above its last swing high. Volume also touched its 20 Days moving average line which supported the Breakout. The stock is gaining momentum because the RSI is above its 60 Level, MACD above its signal line and rising upward direction.

(Not a reco to buy/sell/ hold)

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