Sahitya Raj

2020JULB01109

Sahitya.raj@ifim.edu.in

TECHNICAL ANALYSIS
 Sahitya Raj
2020JULB01109

Stock Name – AsterDM (Nifty 500)

CMP – 227.15 Target- 270-280 SL – 185 Time – 2-3 months

Relative strength vs Nifty 50

Relative strength vs Nifty 500

 Sahitya Raj
2020JULB01109

 Its primary uptrend started from June 2020 and made a high of 178. After that it deviated from
primary trend and started a secondary trend on which lasted till August, and it made a
breakthrough and again resumed its primary trend.
 It has started to outperform both nifty 50 and nifty 500 index and will continue to do so after
crossing 200 levels, with the psychological support of 200 mark and making an all-time high of
237.25, it can go up to 270-280 range in coming 1-2 months.

Stock Name – CenturyPly (Nifty 500)

CMP – 411.20 Target – 550 SL – 391.50 Time – 3-4 months
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2020JULB01109

MACD

DMI

 Centuryply has been in uptrend from July 2020 and continued to do so till May when it made an
all time high of 447. Since then it has been consolidating in the 392 to 447 range.
 It can break the levels of 447-450 and again resume its primary trend and is supported with the
MACD indicator where MACD line has crossed the signal line in the month of September and is
also trying to cross the horizontal axis, supporting a strong up move. The +DI is going to cross
Sahitya Raj
2020JULB01109

over -DI and with ADX at 30, a strong up move and resuming the primary trend can be seen
which can take the price to 530-550 levels in coming days