Technical Analysis for 10 Stocks

Technical Analysis based on pSar, ADX, RSI and MACD indicators

MAY 18, 2023

Submitted By: Rakesh Kalita
Submitted to: Praedico Global Research Pvt. Ltd.
Summer Internship Program
 1. Sarda energy &mineral ltd.
PSar The PSar is below the candle Based on the
sticks, so it indicates a bullish indicator we
trend. can say that
this a good
time to buy
as there is a
bullish trend
RSI RSI indicator value as on 18/05/2023 is It shows that the stock is
53.79.
here.
neither overbought nor
oversold.
ADX ADX indicator value as on
18/05/2023 is 8.93. It indicates a
weak trend

MACD The histogram is below the

trend line showing a
downtrend, but it is increasing
slowly indicating an uptrend in
the future.
2. State Bank of India

PSar The PSar is below the candle Based on the

sticks, so it indicates a bullish indicator we
trend. can say that
this a good
time to buy
RSI RSI indicator value as on 17/05/2023 is It shows that the stock is as there is a
67.24
neither overbought nor bullish trend
oversold. here.
ADX ADX indicator value as on
17/05/2023 is 32.88.
Here the blue line is above the
red which indicates that it is a
trending up market.

MACD The histogram is above the

trend line and increasing
slowly indicating an uptrend in
the market.

3. HDFC Bank

PSar PSar is above the candle sticks, Based on the

and it indicates that there is a indicators it
bearish trend. can be noted
that a weak
bearish trend
is going on
RSI RSI indicator value as on 18/05/2023 It shows that the stock is the market.
is 47.48
neither overbought nor
oversold.
ADX ADX indicator value as on
18/05/2023 is 16.04. It shows
that the trend is weak.

MACD The histogram is below the

trend line and increasing
slowly indicating a downtrend
in the market.

4. Bajaj consumer care

PSar The PSar is below the candle Based on the

sticks, so it indicates a bullish indicator we
trend. can say that
this a good
time to buy
as there is a
RSI RSI indicator value as on 18/05/2023 is As the value is above 76.8 it bullish trend
76.8.
indicates that the stock is here.
overbought.
ADX ADX indicator value as on
18/05/2023 is 41.71. And, the ADX
value is rising so the trend is
strong.

MACD The histogram is above the

trend line but decreasing
slowly indicating that there
might be a trend reversal and
a downtrend might come.

5. United Breweries Ltd.

PSar PSar is above the candle sticks, Based on the

and it indicates that there is a indicators it
bearish trend. But it’s coming can be noted
down so there might be a that a weak
reversal. bearish trend
is going on
the market.

RSI RSI indicator value as on 18/05/2023 is The RSI value is within range
49.63
showing that the stock s
 neither overbought nor
oversold.
ADX ADX indicator value as on
18/05/2023 is 18.06. It shows that
it is a weak trend.

MACD The histogram is above the

trend line but flatline
indicating that there is a weak
bullish trend.

6. Tata motors

PSar PSar is above the candle sticks, Based on the

and it indicates that there is a indicator we
bearish trend. can say that
this a good
time to buy
as there is a
bullish trend
RSI RSI indicator value as on 18/05/2023 is The RSI is within range and here.
62.7
showing that the stock is
neither overbought nor
oversold.
ADX ADX indicator value as on
18/05/2023 is 53.09. Here it shows
that the trend is strong.

MACD The histogram is above the

trend line but decreasing
slowly indicating that there
might be a trend reversal and
a downtrend might come.

7. Maruti Suzuki

PSar The PSar is below the candle Based on the

sticks, so it indicates a bullish indicators
trend. But looking at the the current
pattern there might be a trend is
reversal. bullish, but
the trend is
losing
RSI RSI indicator value as on 18/05/2023 is The RSI is within range and strength and
59.67 a reversal
showing that the stock s
neither overbought nor might come.
 oversold
ADX ADX indicator value as on
18/05/2023 is 32.1 but the ADX is
decreasing showing that the trend
is losing strength.

MACD The histogram is above the

trend line but decreasing
slowly indicating that there
might be a trend reversal and
a downtrend might come.

8. Hindustan Unilever Limited

PSar The PSar is below the candle Based on the

sticks, so it indicates a bullish indicator we
trend. But looking at the can say that
pattern there might be a this a good
reversal. time to buy
as there is a
bullish trend
RSI RSI indicator value as on 18/05/2023 The RSI is within range and
is 62.68 here.
showing that the stock s
neither overbought nor
oversold
ADX ADX indicator value as on
18/05/2023 is 24.86.and the value
is rising showing that a trend is
about to start.

MACD The histogram is above the

trend line but decreasing
slowly indicating that there
might be a trend reversal and
a downtrend might come.

9. ICICI Bank

PSar The PSar is below the candle Based on the

sticks, so it indicates a bullish indicators
trend the current
trend is
bullish, but
the stock is
overbought
RSI RSI indicator value as on 18/05/2023 It indicates that the stock is
is 71.3. and so a
overbought.
ADX ADX indicator value as on reversal
18/05/2023 is 38.05 and the value
is rising showing that a trend is
might come.
strong

MACD The histogram is above the

trend line but decreasing
slowly indicating that there
might be a trend reversal and
a downtrend might come.

10. Asian Paints

PSAR The PSar is below the candle Based on the

sticks, so it indicates a bullish indicators
trend the current
trend is
bullish, but
the stock is
overbought
and so a
RSI RSI indicator value as on 18/05/2023 is It indicates that the stock is reversal
71.2.
overbought. might come.
ADX ADX indicator value as on
18/05/2023 is 30.7 and the value
is rising showing that a trend is
strong

MACD The histogram is above the

trend line but decreasing
slowly indicating that there
might be a trend reversal and
a downtrend might come.