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Home Technical Analysis Market Analysis

Charts of the day – 16th March, 2018

Elearnmarkets by Elearnmarkets
November 18, 2020
in Market Analysis, Charts
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Bata India chart

Bata India is in down trend for last few months, The stock is making lower lows and lower highs in chart. Today’s trading session ends up with a clear Red candle and the stock is standing in an important support level. Indicator RSI is loosing momentum from the beginning of this month, MACD is below its  zero level and signal line is in a negative zone..

(Not a reco to buy/sell/ hold)

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Berger Paint chart

High volume helped Berger Paint to breach its previous swing high. In today’s trading session the stock gave a gap-up opening and came down to fill the gap but ultimately it was able to close above its resistance level. MACD indicator is below its zero level but RSI is above its 50 mark.

(Not a reco to buy/sell/ hold)

Container Corporation chart

Container Corporation breaks its support level in today’s trading session. The stock is in a downtrend for last one and half months. Volume is above 20 Days Moving Average line. Today RSI has entered into its oversold level and MACD is still in the negative zone.

(Not  a reco to buy/sell/ hold)

G M Breweries chart

By the help of short term uptrend G M Breweries breaches its previous swing high. There was no mentionable movement visible from the volume indicator but RSI helped the stock to breach its resistance level and MACD is in the positive zone.

(Not a reco to buy/sell/ hold)

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Charts of the day – 15th March, 2018

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Market Breaks Down Post Mid Week Election Results And Closes Above 200 DMA

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