Zee Entertainment chart

Charts of the day – 7th March, 2018

by Elearnmarkets on Charts, Market Analysis
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Zee Entertainment chart

From last two weeks Zee Entertainment was trading in range bound zone, The stock was making lower low but the high was same.In case of MFI it is showing that the stock is gaining some strength because when the price making lower low it is going in upward direction.Stochastic about to come out from its oversold level which is positive sign for the stock.
(not a reco to buy/sell/hold)

Biocon Ltd chart

For last seven trading day Biocon Ltd. Was trading in resistance level. This zone has become very important for the stock. Today the stock breaks its last seven day’s Support Level and make a Red Bearish Candle. Stochastic come down from its overbought level and MACD crosses its signal line and make a negative crossover for the stock.
(not a reco to buy/sell/hold)

FDC Ltd chart
FDC Ltd breaches its 52weeks high by making a Green Candle, however the stock faced some sell off but was able to close above its previous swing high. From last two weeks the stock was trading in a range(280-298) bound zone but today with significantly higher volume the stock breached that level and touched 300 zone for the first time.In case of indicator MFI is showing nearly maximum strength for the stock.
(not a reco to buy/sell/hold)

Hexaware Technologies chart

Hexaware Technologies made a Green Candle with high volume, not only that today the stock has OPEN=LOW price action. For last few trading session the stock was trading in range bound zone but today the stock breached that level for the first time but was unable to close above that range. In case of RSI it has just crossed its 50 level and standing at 53.82.MACD is above its signal line and rising towards its zero level.
(not a reco to buy/sell/hold)


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