Charts of the day – 20th Feb, 2018

by Elearnmarkets on Charts, Market Analysis

Ashok Leyland chart
Ashok Leyland is trading just above its support zone. In the last month the stock made higher high in terms of price but the RSI lost it momentum and made higher low, which signifies a negative divergence in the stock.
(not a reco to buy/sell/ hold)

Hexaware Technologies chart
The underlying of Hexaware Technologies is trading at its previous daily support level, this level is also supported by 100MA line and the Stochastic is indicating that the stock is trading in its Oversold level.
(not a reco to buy/sell/ hold)

Bajaj Auto chart
Bajaj Auto closed its day just above 200MA line. The stock is trading at its important support level from where it took support multiple times and Stochastic indicator showing that the stock is below its Oversold level.
(not a reco to buy/sell/ hold)

IOCL chart
The stock Indian Oil Corporation Ltd is trading below 100 and 200MA line. Today the stock exactly closed at a support level, throughout the last year this level has been maintained and respected by the underlying repeatedly. The RSI is about to enter in its Oversold level where Stochastic already showing the stock is trading in the Oversold zone.
(not a reco to buy/sell/ hold)

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