RSI: RSI ia at 72 levels. Stock still looks bullish. Risky traders can take a trade at a given entry price.
Moving Averages: 5 SMA has crossover Bollinger Bands 20 SMA Band. You can keep the 5 SMA Line as trailing stop loss once the target achieved.
Bollinger Bands: Stock has breached the upper Bollinger band on the daily chart and weekly chart.
Volume: Volume is consistently increasing and above average.
RSI: RSI ia at 66.12 levels . Stock is in bullish trend for past 15 days. Risky traders can take a trade at given enrty price.
Moving Averages: 5 SMA is above the Bollinger Bands 20 SMA Band. You can keep the 5 SMA Line as trailing stoploss once target achieved.
Bollinger Bands: Stock is trading between upper bollinger bands and 20 SMA Band. Stock has run the upper bollinger bands on the daily and weekly chart. Stock can experience a Bull run to continue
Volume: Volume of the stock is above average.
Nifty Analysis :
- After 4 days bull rally in Nifty50 , it has retraced from upper bollinger band which is at 15000 levels. On 14th May, 2021. Nifty opened at 14,749.4, made an high of 14,749.65 and low of 14,591.9.
- On daily charts, Nifty is in consolidation after being in uptrend for few days it is in the range bound no trends are clear.
- Nifty needs to break the levels of 15,000 to get a clear uptrend movement.Still the levels of 14,000 acts as a strong support. If Nifty breaks ths levels we can see that the market will give a correction.
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