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2. Reliance Industries Limited
#RELIANCE
CMP: ₹1,246.1
🟢Technically strong
🟢Low downside risk
🟢Price reversal is on the upside
🟡The stock is in a downtrend, which is expected to turn positive in 30 days
🔴RSI crossover: Negative Momentum has been confirmed
🔴A long black candlestick was generated today
🔴Bearish moving average crossovers in 4-9, 9-18, 18-50 and 50-200 day timeframes
🔴Price decrease is supported by volume
Analysing today's #stocksinnews with #Meytrix.
1. Tata Motors Limited
#TATAMOTORS
CMP: ₹778.35
🟢Technically strong
🟢Close to its 90-day support level
🟢Strong risk-adjusted returns
🟢Price reversal is on the upside
🟡Downtrend is expected to turn positive in 30 days
🟡High volatility which is receding
🔴RSI crossover: Negative Momentum has been confirmed
🔴Bearish moving average crossovers in 4-9, 9-18, 18-50 and 50-200 day timeframes
🔴Price decrease is supported by volume
3. Larsen & Toubro Limited
#LT
CMP: ₹3,867.5
🟢RSI Crossover: Switchover from Positive to Negative Momentum is very likely
🟢Low risk measured by Pain Index
🟢High upward frequency
🟢The stock is in an uptrend
🟢Positive moving average crossovers in 4-9, 9-18, 18-50 and 50-200 day timeframes
🔴Overpriced and overbought
🔴Highly volatile
🔴Price reversal is on the downside
Analysing today's #stocksinnews, with #Meytrix.
1. UltraTech Cement Limited
#ULTRACEMCO
CMP: ₹11,849
🟢Low overall risk
🟢Low-risk measured by Pain Index
🟢Strong risk-adjusted returns
🟢Strong balance sheet
🟢RSI Crossover: Positive Momentum has been confirmed
🟢A Doji candlestick was generated today
🟢The stock is in an uptrend and is expected to continue that for the next 30 days
🟢Positive moving average crossovers in 4-9, 9-18, 18-50 and 50-200 day timeframes
🔴The stock is overpriced
🔴Technically weak
🔴Highly volatile in the short and long-term
Price reversal is on the downside
2. One 97 Communications Ltd
#PAYTM
CMP: ₹974
🟢Positive moving average crossovers in 4-9, 9-18, 18-50 and 50-200 day timeframes
🟢The stock is in an uptrend
🟢The price increase is supported by volume
🟡Low volatility which is increasing
🔴RSI Crossover: Switchover from Positive to Negative 🔴Momentum is very likely
🔴Technically weak
🔴Overpriced and overbought
🔴Close to its 90-day resistance
🔴High overall risk
🔴High-risk by Pain Index
🔴Weak 30-day outlook measured by Time Series Analysis
🔴Price reversal is on the downside
2. Reddy's Laboratories Limited
#DRREDDY
CMP: ₹1244.1
🟢RSI Crossover: Positive Momentum has been confirmed
🟢Low overall risk
🟢Low risk measured by pain index
🟢Underpriced
🟢The price increase is supported by volume
🟢Price reversal is on the upside
🔴Highly volatile
Analysing today's #StocksInNews, using #Meytrix.
1. FSN E-Commerce Ventures Ltd
#NYKAA
CMP: ₹166
🟢RSI Crossover: Switchover from Negative to Positive Momentum is very likely
🟢Technically strong
🟢Close to its 90-day support level
🟢Low volatility
🟢Underpriced and oversold
🟢Price reversal is on the upside
🟢Strong balance sheet
🔴A Three Black Crows Candlestick pattern was generated today
🔴The stock is in a downtrend
🔴The stock is in a free-fall
3. Torrent Pharmaceuticals Limited
#TORNTPHARM
CMP: ₹3,335
🟢Low risk measured by semi-deviation and pain index
🟢Strong risk-adjusted returns
🟢The stock is in an uptrend which is expected to continue for 30 days
🟢Underpriced
🔴RSI crossover: Negative Momentum has been confirmed
🔴A Long Black Candle and a Black Marubozu 🔴Candlestick were generated today
🔴Price decrease is supported by volume
🔴Price reversal is on the downside
🔴High short and long-term volatility
Analysing today's #StocksInNews, with #Meytrix.
1. Vodafone Idea Limited
#IDEA
CMP: ₹8.10
🟢The stock is expected to turn underpriced
🟢The stock is in an uptrend
🟢The price increase is supported by volume
🔴Hish risk
🔴High downward frequency
🔴RSI crossover: Negative Momentum has been confirmed
🔴Weak balance sheet
🔴Candlesticks generated today: Bear Engulfing, Black Marubozu and Long Black Candle
🔴Price reversal is on the downside
🔴High short and long-term volatility
2. Indus Towers Ltd.
#INDUSTOWER
CMP: ₹362.45
🟢RSI crossover: Positive Momentum has been confirmed
🟢The stock is in an uptrend
🟢The price increase is supported by volume
🟢Low short and long-term volatility
🔴A Long Black Candle was generated today
🔴Technically weak
🔴Overpriced
🔴Price reversal is on the downside