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TIPS ON SHARE - ASIAN PAINTS , stock on the verge of breakout above 565. (Updated On 18th June 2014, Wednesday).

  • ASIAN PAINTS has formed head and shoulder formation in daily chart as shown above, indicates once stock comes out from its formation then sharp move expecting.
  • Daily charts also indicates stock also facing strong trend line resistance around 565. Once starts trading above 565 with volumes and sustains above then some intraday action expecting.
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  • Chart indicates that once stock closes above 565 and trades above then next short term fibonacci retracement resistance around 605. Close Watch.

TIPS ON SHARE - HCL TECHNOLOGY bullish above 1455. (Updated On 17th June, Tuesday).

  • HCL TECHNOLOGY is facing strong trend line resistance around 1455 , close watch once starts trading above 1455 with volumes and sustains above then looking bullish.
  • Stock also moving up from 23.6% fibonacci retracement support levels, stock to favor bulls as long as stays above.
  • Daily chart also indicates that stock in trying to trade above 100 days moving average, if able to trades above then up move expecting.

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