MUMBAI: Ispat Industries has seen two consecutive days of bearish sticks and the stock below the 20-day Daily Moving Average (DMA) levels yesterday.

A close below 20-day DMA levels indicates weakness in a stock.

Here are few more technical details about the stock and nine others.

Ispat Ind
“Bollinger Band” indicates support at Rs 20.5 levels
“Bollinger Band” indicates resistance at Rs 22.5 levels
MACD trade in positive zone on weekly basis
Positive MACD indicates strength in counter
“Rate of Change” seen turning into positive from negative territory
Positive “Rate of Change” indicates strength in trend

Unitech
Stock has seen two consecutive days of bearish sticks
Stock ended below 20 DMA levels yesterday
Close below DMA levels indicate weakness
“Bollinger Band” indicates support at Rs 80 levels
“Bollinger Band” indicates resistance at Rs 89 levels
MACD trade in positive zone on weekly basis
Positive MACD indicates strength in counter
RSI trades at 49 levels, lowest since July 17
RSI below 30 indicates stock in oversold territory

Idea
Stock has seen two consecutive days of bearish sticks
Stock ended below 20 DMA levels yesterday
Close below DMA levels indicate weakness
Charts indicate resistance at Rs 78 levels
“Bollinger Band” indicates support at Rs 73 levels
“Bollinger Band” indicates resistance at Rs 77 levels
MACD trade in positive zone on weekly basis
Positive MACD indicates strength in counter
“Oscillator” seen turning positive from negative territory
Positive “Oscillator” indicates strength in trend

SBI
Stock has ended below its 20 DMA levels
Close below DMA levels indicate weakness in counter
“Doji” formation seen on Aug 14
“Doji” usually indicates change in trend
Downmove, post “Doji”, indicates weakness in counter
“Bollinger Band” indicates support at Rs 1630 levels
“Bollinger Band” indicates resistance at Rs 1750 levels
MACD trade in positive zone on weekly basis
Positive MACD indicates strength in counter

GMR Infra
“Bollinger Band” indicates support at Rs 127 levels
Stock has rebounded from lows of Rs 127 yesterday
Rebound from lows indicates support at Rs 127 levels
“Bollinger Band” indicates resistance at Rs 138 levels
“Oscillator” seen turning positive from negative territory
Positive “Oscillator” indicates strength in trend
RSI Trades at 39 levels, lowest since July 13
RSI below 30 indicates stock in oversold territory

Parsvanath
Seven bearish sticks seen in last 8 days
Stock has ended below its 20 DMA levels
Close below DMA levels indicates weakness in counter
“Bollinger Band” indicates support at Rs 100 levels
“Bollinger Band” indicates resistance at Rs 115 levels
“Rate of Change” trades in negative territory
Negative “Rate of Change” indicates weakness in trend
RSI Trades at 43 levels, lowest since July 15
RSI below 30 indicates stock in oversold territory

Bank of India
Seven bearish sticks seen in last 8 days
Stock has ended below its 20 DMA levels
Close below DMA levels indicate weakness in counter
MACD trade in positive zone on weekly basis
Positive MACD indicates strength in counter
“Oscillator” trades in negative territory
Negative “Oscillator” indicates weakness in trend
“Bollinger Band” indicates support at Rs 305 levels
“Bollinger Band” indicates resistance at Rs 330 levels

Tata Motors
Stock has seen two consecutive days of bearish sticks
“Bollinger Band” indicates support at Rs 410 levels
“Bollinger Band” indicates resistance at Rs 490 levels
MACD trade in positive zone on weekly basis
Positive MACD indicates strength in counter
“Oscillator” seen turning positive from negative territory
Positive “Oscillator” indicates strength in trend
RSI continues to trade above 60 levels
RSI above 70 indicates stock in overbought territory

Nagar Const
Five bearish sticks seen in last eight days
Stock trading below DMA levels since Aug 11
Close below DMA levels indicate weakness in counter
“Bollinger Band” indicates support at Rs 122 levels
Trade below Rs 122 levels may lead to further downside
“Bollinger Band” indicates resistance at Rs 137 levels
RSI Trades at 40 levels, lowest since Mar 16
RSI below 30 indicates stock in oversold territory
MACD trades in positive zone on weekly basis
Positive MACD indicates strength in counter

Prism Cement
“Bearish Engulfing Pattern” seen on Friday
Stock has seen two days of fall, post “Bearish Engulfing Pattern”
“Bollinger Band” indicates support at Rs 48 levels
“Bollinger Band” indicates resistance at Rs 57 levels
MACD trades in positive zone on weekly basis
Positive MACD indicates strength in counter
“Oscillator” seen trading in positive territory since Aug 11
Positive “Oscillator” indicates strength in trend

source: UTVI

Tags: nse bse technical views, Technical Analysis

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