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Tips On Share - AMTEK INDIA, stock made a bullish breakout. (Updated On 16th June 2014, Monday).

  • AMTEK INDIA has made a bullish breakout in weekly charts, indicates stock to move further from current levels.
  • Weekly chart also indicates that stock now trading in overbought as RSI trading above 70 as shown above.
  • Close Watch now previous resistance will now act as a major support, as long as stock trades above its previous resistance (around 125) stock to favor bulls.

Tips On Share - SUN PHARMA On the verge of breakout. Updated On 16th June 2014 (Monday).

  • SUN PHARMA has formed rectangle formation in weekly chart, chart indicates once stock comes out from its rectangle formation then sharp move expecting (any side breakout).
  • Daily chart indicates stock is facing trend line resistance around 638, 644 & 653.
  • Daily chart indicates that once stock starts trading above 653 with volumes and closes above then will face next fibonacci retracement resistance around 715.

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