Supertrend signal turns to buy for these 6 stocks having m-cap over Rs 10,000 crore
1/9
Trend Indicator
Supertrend indicator helps traders by giving them a relatively precise buy or sell signal in a trending market. StockEdge data suggests select stocks are signalling a buy. ATR or average true range considered here is of 10 days and the multiplier is 3.
2/9
Understanding more about SuperTrend indicator
The indicator which is plotted on price helps in determining the current trend. The indicator is constructed using just 2 parameters - period and multiplier. Furthermore, the indicator makes use of the ATR to compute its value and it signals the degree of price volatility.
3/9
When is the buy call signalled via SuperTrend indicator?
When the indicator's value closes below the price and when the colour changes to green. So, here are the stocks signalling a buy:
Amazon Top Deals
POWERED BY
Crompton Ozone 75 Litres Desert Air Cooler for home | Large & Easy Clean Ice Chamber | 4-Way Air Deflection | High Density Honeycomb Pads | Everlast Pump | Auto Fill| 3 Year Brand Warranty
₹9,798Buy Now43%
OFF
LG 32 L Convection Microwave Oven (MC3286BRUM, Black, 360° Motorised Rotisserie for Bar-be-queing, 301 Auto Cook Menu, Stainless steel cavity, Indian Cuisine, Tandoor Se, Steam Clean & Diet Fry)
₹19,340Buy Now19%
OFF
4/9
BlueStar: Buy
Supertrend: 1408.33
Change after: 50 days
Close as on June 13: Rs 1518.4
Change: 2%
Change after: 50 days
Close as on June 13: Rs 1518.4
Change: 2%
5/9
Manappuram Finance
Supertrend: 109.93
Change after: 29 days
Close as on June 13: Rs 121.5
Change: 2.3%
Change after: 29 days
Close as on June 13: Rs 121.5
Change: 2.3%
6/9
Oracle Financial Services
Supertrend: 3480.72
Change after: 25 days
Close as on June 13: Rs 3797.5
Change: 5.6%
Change after: 25 days
Close as on June 13: Rs 3797.5
Change: 5.6%
7/9
Abbott India
Supertrend: 21,056.33
Change after: 24 days
Close as on June 13: Rs 22,155.7
Change: 0.9%
Change after: 24 days
Close as on June 13: Rs 22,155.7
Change: 0.9%
8/9
Castrol India
Supertrend: 112.52
Change after: 24 days
Close as on June 13: Rs 118.45
Change: 2%
Change after: 24 days
Close as on June 13: Rs 118.45
Change: 2%
9/9
Dr Reddy’s Laboratories
Supertrend: 4511.27
Change after: 23 days
Close as on June 13: Rs 4702
Change: 0.6%
Change after: 23 days
Close as on June 13: Rs 4702
Change: 0.6%