stocktrends

stocktrends

RSI Divergence on Daily Chart Window / Gap from Rs.2784 to Rs.3063 Considering Stock has closed around Rs.3050 for 2 consecutive day, any fall from hereon would cause the stock the to fall to Rs.2784 levels. Suggestion: Sell a Call at CMP 3050 / 3000 with a SL Rs.3120.

stocktrends

Ashok Leyland has taken support on Trend Line It has good long term support @ Rs.75. RSI has bounced @ 60 in Sep 2020 and since then it has shown support. Seems like a good buy for long term if it consolidates at Rs.75 or at next bounce of RSI @ 60.

stocktrends

SRTANSFIN has a weekly RSI below 40 It’s has closed below 20 SMA of Rs.657.90 It has a support @ 540 & 470

stocktrends

Bharti Airtel seems to trading in the range of Rs.240 to Rs.450 on Monthly Charts. There is also a RSI divergence for Feb 2020 & Jul 2020, thus the big fall from high of Rs.596. It’s monthly 20 SMA is placed around Rs.429. If it breaks 429 it might take support @ Rs.400 or Rs.370 or Rs.350.