3. RSI is 72, According to RSI Analysis Capital
Goods Index is Technically Very Strong .
As we can see the Capital Goods Index has
gone up from its base Support and a new
upward rally has just started it indicates that
capital goods will do well in coming days.
5. TECHNICAL ANALYSIS OF AIA
ENGINEERING
As on 21 feb:
Open price: 562
High price: 568
Lower price: 558
Close price: 560
AIA Engineering stock is showing an uptrend
so we can buy AIA Engineering.
AS volume goes with the trend here price
action and volume are down suspect the rally
to be bullish.
6. TECHNICAL ANALYSIS OF AIA
ENGINEERING CONT..
RSI is 60.9, According to RSI Analysis AIA
Engineering is Technically Strong.
According Fibonacci price is above all levels.
Major Support is at 525 and 510, resistance
level is 581.
According to Simple moving average analysis,
AIA Engineering is in strong uptrend. Support
points are at 540, 505 and 380.
What to Do: BUY
8. TECHNICAL ANALYSIS OF PRAJ
INDUSTRIES
As on 21 feb:
Open price: 44
High price: 44.4
Lower price: 43
Close price: 43.9
AIA Engineering stock is showing an
downtrend so we can sell Praj Industries.
AS volume goes with the trend here price
action is down and volume are up it shows
bearish pattern.
9. TECHNICAL ANALYSIS OF PRAJ
INDUSTRIES Cont..
RSI is 46, According to RSI Analysis Praj
Industries is Technically Weak.
According Fibonacci price is below all levels,
resistance is at 44 and support level is at 42.
According to Simple moving average analysis
Praj Industries is in downtrend and is facing
resistance at 44 and support level is at 42.
What to Do: SELL
