Technical Analysis of Arun Valley Hydropower Ltd.

  Analysis of Arun Valley Hydropower Limited.   52 Weeks High Price – 391     High- 374 52 Weeks Low Price - 250   Low-340 Closing Price - 374 Volume – 61,779   Support and Resistance                                         Trend (Up/Down) Resistance Level 3(R3)-   560                                   Long Term:   Starting of Trend        Resistance Level 2(R2)-   450                                   Mid Term:     Up Resistance Level 1(R1) -  390                                  Short Term:   Up Support  Level 1(S1) –      330 Support  Level 2(S2) –     300 Support  Level 3(S3)–     250   Higher Breakout  Level -  410                                                            Lower Breakout Level -    250                                                                                                                                               Oscillator (OB/OS) Relative Strength Index -  Trading above 70 Level Bollinger Bands – Trading above the Upper Band MACD-  Bullish Zone Moving Average -  Prices are trading above 180 EMA , 20 EMA , 5 EMA                                                                                                                                                Buy ->  Rs 360 - Rs 385  1^st Target -  Rs 450 2^nd Target-  Rs 550 Risk Level - Rs 330   Sagun Shakya -Technical Analyst Disclamer: Opinions expressed  are those of the individual authors and do not necessarily represent the opinion of sharesansar.com This commentary is a guideline to interpreting the specified indicators.  This information should only be used by investors who are aware of the risk inherent in securities trading.  IMS Investment Management Services Pvt. Ltd accepts no liability whatsoever for any loss arising from any use of this contents.