Today Tata Motors bounced back from its important Support Level. This level has been tested by the stock multiple times in the last few years. RSI gave a sharp move today and came out from its Oversold Level, but the Stochastic is still in its Oversold zone.(Not a reco to buy/sell/ hold)
Andhra Bank is trading at a Support Level. For last two weeks the stock is in a range bound zone and no significant change in volume or price level. RSI is about to come out from its oversold level by gaining some momentum, though the Stochastic has no mentionable change. (Not a reco to buy/sell/ hold)
Britannia is trading at its life time high. This is the 1st time when the stock made a close above the resistance line after trying more than 4 times, but the level is not totally breached yet clearly. No significant change in volume and Stochastic also went above its 80 line, indicating that the stock is trading at its Overbought Level.(Not a reco to buy/sell/ hold)
The underlying short term down trend line of Axis Bank has been breached in today’s trading session. The stock also closed above 100MA line and little addition in volume is supporting the stock’s price. The stock is gaining momentum and it is also visible in RSI (shifting towards 50level) where Stochastic is coming out from its Oversold Zone.(Not a reco to buy/sell/ hold)
