Charts of the day – 14th March, 2018

by Elearnmarkets on Charts, Market Analysis
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KPIT Cummins Infosystems Ltd chart

KPIT Cummins Infosystems Ltd. breaks its last 52 Weeks H9gh and mange4 to close above it. This stock is trading at near its life time high level. For the last few months the stock was trading in a range of 190 to 220 level, but this is the first time it touches 230 level . In today’s trading session Volume crossed its 20 Days MA line and RSI is above its 60 level, which signifies that the stock has strong support of momentum.

(Not a reco to buy/sell/ hold)

Blue Star chart

This is the 5th time Blue Star closed within a candle which was made by the stock on 7th March, 2018. This is a Inside candle formation which signifies that the stock is consolidating within a range. RSI indicating the stock is above 60 level and it has the support of momentum, CMF is above 0 line and MACD is above its signal line. (Not a reco to buy/sell/ hold)

(Not  a reco to buy/sell/ hold)

Cummins Inc chart

Cummins Inc is trading at a support level. In today’s trading session the stock breaks its last 52 Weeks Low Level, but volume pushed back the stock and it managed to close above its support zone. In case of indicator today RSI has come out from its oversold level and Stochastic is still in its oversold zone.

(Not a reco to buy/sell/ hold)

TV 18 chart

Today TV 18 breached its previous swing high and made a new 52 Weeks High. Volume supported the stock massively to achieve the new high and it also crossed its 20 Days moving average. In case of indicator RSI is above 70 level and Stochastic is in its overbought zone.

(Not a reco to buy/sell/ hold)


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