Trading Scope: Following Levels on Setco Automotive Limited (SETCO.NS)

Trading Scope: Following Levels on Setco Automotive Limited (SETCO.NS)

Setco Automotive Limited (SETCO.NS) has a 14-day Commodity Channel Index (CCI) of -137.90. The CCI was designed to typically remain within the reading of -100 to +100. Traders may use the indicator to spot stock trends or to seek out overbought/oversold conditions. A CCI reading over +100 would suggest that the stock is overbought and possibly ready for a correction. On the flip side, a reading of -100 would imply […]

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Stock Update: Levels in Review For CHENNAI PETROLEUM CORPORATION LTD. (CHENNPETRO.BO)

Stock Update: Levels in Review For CHENNAI PETROLEUM CORPORATION LTD. (CHENNPETRO.BO)

Traders are keeping a keen eye on shares of CHENNAI PETROLEUM CORPORATION LTD. (CHENNPETRO.BO). The Average Directional Index or ADX may prove to be an important tool for trading and investing. The ADX is a technical indicator developed by J. Welles Wilder used to determine the strength of a trend. The ADX is often used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the […]

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Investor Radar: Checking on UNITED DRILLING TOOLS LTD. (UNIDT.BO)

Investor Radar: Checking on UNITED DRILLING TOOLS LTD. (UNIDT.BO)

Let’s take a look at some recent technical levels on shares of UNITED DRILLING TOOLS LTD. (UNIDT.BO). The current 14-day RSI is noted at 42.63, the 7-day is 39.90, and the 3-day is seen at 31.84. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. Many traders keep an eye on the […]

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Shares in the Spotlight: UNIVERSAL CABLES LTD. (UNIVCABLES.BO)

Shares in the Spotlight: UNIVERSAL CABLES LTD. (UNIVCABLES.BO)

Technical traders have a large inventory of technical indicators they may use when doing technical stock analysis. After a recent look, the 14-day ATR for UNIVERSAL CABLES LTD. (UNIVCABLES.BO) is resting at 11.59. First developed by J. Welles Wilder, the ATR may help traders in determining if there is heightened interest in a trend, or if extreme levels may be indicating a reversal. Simply put, the ATR determines the volatility […]

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JBF INDUSTRIES LTD. (JBFIND.BO) Chart Indicator Checkup

JBF INDUSTRIES LTD. (JBFIND.BO) Chart Indicator Checkup

JBF INDUSTRIES LTD. (JBFIND.BO) currently has a 14-day Commodity Channel Index (CCI) of -15.03. Dedicated investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading […]

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