ADITYA BIRLA NUVO
- As per previous report published on ADITYA BIRLA NUVO, stock gave a sharp intraday move after breaking its resistance of 1450 and made a high of 1486. Even stock closed above its resistance of 1450, but stock fell down after that. (Click here to see previous report published on Aditya Birla Nuvo).
- Now daily chart indicates that stock is again moving up from 50 days moving average as shown in graph no1 , so as long as stock holds its 50 DMA it will be favored by bulls, but once stock closes below 50 DMA then it will give first sign of weakness.
- As per graph no 2. stock will now be facing strong trend line resistance of 1492 and 1515, once Aditya closes above its both resistance zone then stock is looking bullish for next 1-2 trading days.
- Intraday close watch once stock starts trading above 1492, if holds above then intraday bulls action is expecting in Aditya Birla Nuvo. Close Watch.
- Suggested Reading - CIPLA moving in a range bound zone , will favor bulls once stock closes above its range bound zone.
- As per graph no 3 if stock closes and stays above 1515 (its previous top) then will favor bulls as long as it holds above, and stock will find next strong resistance around 1640 its 161.8% fibonacci retracement. close watch.
- Click here to see all the free trading reports (tips) published by us on ADITYA BIRLA NUVO.
- Stock tips for tomorrow.
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