8:31 PM
Admin
Scrip Name
|
Action
|
Holding Period
|
Pivot
|
Resistance
|
Support
|
Singapore Technologies Engineering Ltd.
|
Long
|
15-20 DAYS
|
3.54
|
3.62-3.72-3.80
|
3.48
|
Technical Outlook:
ST Eng.
currently in uptrend and seems bullish from this level. Recently it
took support @ 3.40 marks and trading above 50 day MA level of 3.517.
ST Eng. is trading well above its 61.8% retracement level which is again a
bullish sign and if we see recent trading activity of this stock it
is in consolidation phase trading between the ranges of 3.62-3.40.
ST Eng
crossed its Resistance level of 3.51 and currently traded @ 3.53; it
could be bullish above this 3.53-3.54 level and take support @ 3.40
marks in near term.
Technical
indicator RSI is above its
neutrality area at 50. The MACD is positive and just near to its
signal line. The stock could retrace in the short term. Moreover, the
stock is above its 200 and 50 day MA (respectively at 3.247 and
3.517).
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