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Content
Signals
All indicators - Medium term
Indiabulls Housing FinJun 19, 2019
Just Dial LtdJun 19, 2019
Zee Entertainment EnteJun 19, 2019
UPL LtdJun 19, 2019
Jindal Steel & Power LJun 19, 2019
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The market showed a small gain Wednesday, and S&P BSE SENSEX (SENSEX) ended the day at 39113 points, which is an increase of 0.17 percent.

639 shares showed a gain and 1887 showed a loss. 108 shares were unchanged and closed at the same price as the previous day. There was no trading in 997 shares.

Total value of the trading volume for shares and primary capital certificates Wednesday was approximately 22.6 billion.

Indiabulls Housing Finance Lim (535789) closed at 555 rupee after posting a loss of 8.91 percent. We must go back to Oct 19. 2018 to find an equally steep drop. That time the stock lost 17.06 percent. The stock has now closed down for the fourth day in a row. Nor technically does it look good. The stock is trend wise negative in the medium term and a further decline is indicated.
It was extremely high volume in IFB Industries Ltd. (505726). At session end, 54 million rupee worth of shares had been bought and sold in the stock, which equals 85 times mean daily turnover. IFB Industries Ltd. (505726) developed negatively and fell 3.93 percent to a close of 760 rupee. It does not look good technically either. The stock is trend wise negative in the medium term and a further decline is indicated.
Yes Bank Ltd. (532648) fell sharply to close at 103 rupee, down 5.54 percent. This past week the stock has lost as much as 23.32 percent. Nor technically does it look good. The stock is trend wise negative in the medium term and a further decline is indicated.
GRUH Finance Ltd. (511288) was down 4.06 percent to close at 281 rupee. We must go back to Apr 15 to find a lower close for the stock. This past week the stock has lost as much as 6.65 percent. The stock broke down through the support at 290 rupee in double top formation. This triggered a sell signal and a further drop to 257 rupee within two months is indicated.
Reliance Capital Ltd. (500111) closed at 54.05 rupee after a steep drop of 14.95 percent. The stock has never lost more in one day since Feb 7, when it was down 19.17 percent. The stock has now fallen for the sixth day in a row and this past week the stock has lost as much as 38.23 percent. It does not look good technically either. The stock is trend wise negative in the medium term and a further decline is indicated.

Sideways development on National S.E. Wednesday
Nifty 50 (NIFTY) moved more or less horizontally on Wednesday and closed at 11691 points (-0.00 percent).

US 500 moderately up Wednesday
The market showed a small gain Wednesday, and S&P 500 (SP500) ended the day at 2926 points, which is an increase of 0.30 percent. The index has thereby closed up nine out of the past 12 days.

Indices
S&P BSE SENSEX
   Positive Candidate
S&P BSE SENSEX 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. The index is moving within a rectangle formation between support at 34159 and resistance at 40349. A decisive break through one of these levels indicates the new direction for the index. The index is testing the support at points 39000. This could give a positive reaction, but a downward breakthrough of points 39000 means a negative signal. 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.
Nifty 50
   Neutral
Investors have paid higher prices over time to buy Nifty 50 and the index 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. The index is moving within a rectangle formation between support at 10064 and resistance at 12109. A decisive break through one of these levels indicates the new direction for the index. The index has marginally broken down through the support at points 11730. An established break predicts a further decline. 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 neutral for the medium long term.
S&P 500
   Negative Candidate
S&P 500 does not show any clear trend in the medium long term. The index is testing the resistance at points 2940. This could give a negative reaction, but an upward breakthough of points 2940 means a positive signal. The index is assessed as technically negative for the medium long term.
Today´s Case
G G Engineering Ltd (540614) Price 63.50, Jun 19, 2019
G G Engineering Ltd is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction. The stock has broken an inverse head and shoulders formation. A decisive break of the neckline at approximately 62.09 will signal a further rise to 78.70 or more. The stock has support at rupee 53.00. Volume has previously been high at price tops and low at price bottoms. This strengthens the stock and indicates increased chance of a break up. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX0.22%561.45
ATX0.00%3406.09
CAC400.16%5518.45
COMPX0.42%7987.32
DAX-0.19%12309
HEX-0.04%9311.39
N1000.10%1071.28
OMXC25GI0.31%1212.60
OMXSPI-0.02%613.34
OSEBX-0.13%865.52
PSI20-0.51%5098.93
TECDAX-0.20%2838.02
UKX-0.53%7403.54
EURUSD0.13%112.0932
CL (OIL)0.13%53.97
Indices Evaluations
 SML
AEXpospospos
ATXneutralneutralneutral
CAC40posposneutral
COMPXnegneutralneutral
DAXneutralposneutral
HEXnegneutralneutral
N100posneutralneutral
OMXC25GIpospospos
OMXSPIpospospos
OSEBXposnegneutral
PSI20neutralnegneutral
TECDAXpospospos
UKXneutralneutralpos
EURUSDneutralposneutral
CL (OIL)negneutralneg

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Mumbai S.E. - Medium term
 
      
12% 64% 24%
 431 Buy Candidates
 2353 Neutral
 888 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.


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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