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Content
Signals
All indicators - Medium term
Reliance Industries LtJan 20, 2021
Apollo Tyres Ltd.Jan 20, 2021
Aarti Drugs Ltd.Jan 20, 2021
Future Retail Ltd.Jan 20, 2021
Dewan Housing Finance Jan 20, 2021

The market showed a small gain Wednesday, and S&P BSE SENSEX (SENSEX) ended the day at 49792 points, which is an increase of 0.80 percent. The index has thereby closed up 21 out of the past 27 days.

1487 shares showed a gain and 1461 showed a loss. 159 shares were unchanged and closed at the same price as the previous day. There was no trading in 1005 shares.

Total value of the trading volume for shares and primary capital certificates Wednesday was approximately 44.5 billion.

Schneider Electric Infrastructure Ltd (534139) developed positively, and gained 10.20 percent to a close of 104 rupee. The stock has not closed at a higher price since Feb 2020. The stock is with that up 9.66 percent after the buy signal from rectangle formation four days ago. It was also extremely high volume. Overall it was traded for 411 millions rupee in the stock, which is 61 times as much as normal daily turnover.
Tata Motors Ltd. (500570) closed up 6.20 percent to 275 rupee. The stock has not closed higher since Sep 2018. The stock has thereby closed up 12 out of the past 13 days and this past week the stock has gained as much as 13.36 percent. It also looks good technically. The stock is trend wise positive in the medium term, has support at 152 rupee and a further increase is indicated.
Bank of Baroda (532134) closed up 4.75 percent to 79.40 rupee. We must go back to Feb 2020 to find a higher close for the stock. Since the buy signal from double bottom formation two months ago, the stock now has gained 50.24 percent.
JK Tyre & Industries Ltd. (530007) closed at 106 rupee after a solid gain of 17.79 percent. We must go back to Sep 8. 2014 to find an equally strong rise. That time the stock gained 18.13 percent. The stock has thereby closed up 14 out of the past 16 days. It was also high volume. Overall it was traded for 201 millions rupee in the stock, which is six times as much as normal daily turnover. It also looks good technically. The stock is trend wise positive in the medium term, has support at 84.00 rupee and a further increase is indicated.
Ashok Leyland Ltd. (500477) gained 2.36 percent to 122 rupee. We must go back to Nov 2018 to find a higher close for the stock. The stock has thereby closed up 11 out of the past 14 days and this past month the stock has gained as much as 22.20 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 87.00 rupee and a further increase is indicated.

National S.E. moderately up Wednesday
The market showed a small gain Wednesday, and Nifty 50 (NIFTY) ended the day at 14645 points, which is an increase of 0.85 percent. The index has thereby closed up 21 out of the past 27 days.

US 500 up on Tuesday
S&P 500 (SP500) developed positively Tuesday, and gained 0.81 percent to a close of 3799 points.

Indices
S&P BSE SENSEX
arrow green   Positive Candidate
S&P BSE SENSEX is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 41600 points. The index is assessed as technically positive for the medium long term.
Nifty 50
arrow green   Positive Candidate
Nifty 50 shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 12300 points. The volume balance is negative and weakens the index in the short term. The index is overall assessed as technically positive for the medium long term.
S&P 500
arrow green   Positive Candidate
Investors have paid higher prices over time to buy S&P 500 and the index is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 3580 points. RSI diverges negatively against the price, which indicates a danger for a reaction down. The RSI curve shows a falling trend, which is an early signal for a possible trend reversal downwards for the price as well. The index is overall assessed as technically positive for the medium long term.
Today´s Case
Apollo Tyres Ltd. (500877) Price 202.10, Jan 20, 2021
chart
Apollo Tyres Ltd. is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 180 rupee. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX1.23%659.30
ATX0.00%3406.09
CAC400.53%5628.44
COMPX1.53%13197.00
DAX-0.24%13815
HEX1.24%11352.00
N1000.75%1130.55
OMXC25GI0.18%1826.55
OMXSPI0.91%801.36
OSEBX-0.20%1002.69
PSI200.35%5077.21
TECDAX1.23%3311.64
UKX-0.11%6712.95
EURUSD-0.12%121.0646
CL (OIL)1.18%52.98
Indices Evaluations
 SML
AEXpospospos
ATXneutralneutralneutral
CAC40pospospos
COMPXpospospos
DAXpospospos
HEXpospospos
N100pospospos
OMXC25GIpospospos
OMXSPIpospospos
OSEBXpospospos
PSI20posposneg
TECDAXpospospos
UKXpospospos
EURUSDposposneutral
CL (OIL)posposneg

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Mumbai S.E. - Medium term
 
      
41% 55% 4%
 1705 Buy Candidates
 2276 Neutral
 170 Sell Candidates
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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