Latest Technical Analysis Research 05 june 2020

HCL Technologies Ltd.
The stock price was able to maintain positive move this week as well and expanded bullish bias above 562 support level .
RSI is in a strong uptrend zone.
Technically momentum and trading sentiment looks strong. The more bullish increment can be expected above 584.
On the higher side, 600 - 610 should be considered as a strong resistance.
On the lower side 566 - 560 are supports.

SRF LIMITED
The stock closes above the Resistance level 3670 with good volume .
Technical Indicators are positive.
RSI is sloping upward and is entering a strong upward trend zone.
If the price breaks today's high with volume , the next resistance is 4200. Nearby support is 3620.

MINDTREE LTD.
The stock closed above the Resistance level in the daily chart .
Technical Indicators are bullish .
RSI has entered an uptrend region.
Currently, the price is moving in the Inside-bar pattern. If the price trades above Inside-bar 943, the next resistance is 1013. The support is the low of the inside-bar 890.

Dr . Lal Pathlabs Ltd.
The stock is forming a descending triangle & is consolidating in a narrow range.
RSI is Neutral to Mild-Bullish.
The prices are likely to take support from the1490-1500 zone. If the prices will close below 1490 and show conviction, we are likely to see an extended weakness in the stock. The next support is 1441, 1385 & 1342.
Breakout on the upside will take place only above 1600 levels. If the prices break 1600 barrier with volume and conviction, the next noticeable resistance is 1680, 1762 & 1800.

Coal India Ltd.
THE STOCK is trading in a narrow range in Weekly Charts and is facing resistance from 150-153 levels.
RSI Indicator is not bullish .
With the current indications, we might see the prices to move down to 125-120 price levels.
However, if the price closes above the narrow range 153, the next resistance is 50 DAY SMA (184) and support is swing low 120 on the weekly chart.

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