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Bullish breakout in SESA STERLITE, Stock will favor bulls. Dated:19th May 2014 (Monday).

  • SESA STERLiTE has formed head and shoulder formation in weekly charts, stock will favor bulls.
  • Stock also has formed double bottom formation in daily chart.
  • Close Watch stock has now closed above it major resistance as long as stock stays above it will favor bulls. 205 and 210 will now act as an major support.
  • Article worth reading . National Saving Certificate of India

HCL TECHNOLOGY coming down from strong resistance. Dated:19th May 2014 (Monday).

  • HCL TECHNOLOGY coming down from strong resistance in weekly charts.
  • Stock also coming down from 50 days moving average , as long as stays below stock to favor bears.
  • On down side stock will face support around 1310, stock must stays above 1310 to avoid major slide.

ENGIEERS INDIA weekly chart update. Dated:19th May 2014 (Monday).

  • ENGINEERS INDIA moving up from 10 days moving average in daily chart, stock to favor bulls.
  • Stock also closes above it major resistance in weekly chart, as long as stays above stock will favor bulls.
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