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JET AIRWAYS facing strong resistance around 251. Dated:15th May 2014 (Thursday).







  • JET AIRWAYS has moved up from strong trend line support zone.
  • And non facing its 1st fibonacci retracement around 251.
  • Stock also facing 50 days moving average resistance and so far trading below. As long as trades below 251 stock will favor bulls.
  • If falls from current levels and breaks 230 then bears will be active in jet stock, and jet will fall further, Close Watch.


NDTV testing its strong weekly support @ 66.50. Dated:15th May 2014 (Thursday).





  • NDTV is facing its strong trend line support around 66.50.
  • Stock also facing its weekly 4th fibonacci retracement support level.
  • Charts indicates its a last hope for NDTV bulls, if stock fails to take this stock then can see bears to get active in NDTV.
  • Even stock is trading below 100 weeks moving average, indicates weakness, stock must start trading above 100 weeks moving average to favor bulls.
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TECH MAHINDRA stuck in a range with false breakout. (Dated: 15th May 2014).






  • TECH MAHINDRA moving up from weekly support of fibonacci retracement, indicates will favor will bulls in short term as long as it stays above 1st support of fibonacci retracement as shown above.
  • Buy in daily chart it indicates that stock stuck in a range that too with false breakout.
  • Stock will now face small resistance around 1860, if starts trading above 1860 with volume then can see some intraday action, close watch.
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TATA CHEMICALS on the verge of breakout above 303. Dated:14th May 2014 (Wednesday).





  • TATA CHEMICALS facing strong trend line resistance around 303 as shown above.
  • Stock also holding its 50 days moving average , this will favor TATA Chemicals bulls.
  • Indicators like MACD has also turned bullish , which indicates stock can move now.
  • Close Watch once start trading above 303 with volumes and sustains above, then we can see bulls to get active in TATA CHEMICALS.
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IVRCL on the verge of breakout above 18. Dated:14th May 2014 (Wednesday).





  • IVRCL had formed double bottom formation in daily chart, indicates will favor bulls.
  • Stock also trading above 50 weeks moving average in weekly charts, as long as stays above 50 weeks moving average, will favor IVRCL bulls.
  • Close Watch daily chart indicates stock will have trend line resistance around 18, once start trading above 18 with volume then can see some action in IVRCL.
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Walchandnagar industries ltd on the verge of breakout above 71.55. - 14th May 2014 (Wednesday).




  • Walchandnagar industries ltd has formed bullish head and shoulder formation in weekly charts , will favor bulls.
  • Stock is also moving from 10 weeks moving average , indicates further strength.
  • Close Watch once start trading above 71.55 with volume and sustain above 71.55, will favor Walchandnagar industries ltd bulls.



Bull Rally may pause in NIFTY 50 - 14th May 2014 (Wednesday).





  • Weekly chart continues on up trend and moving from support indicates further strength.
  • Daily chart indicates some signals of correction. Close Watch.
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