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TATA ELXSI Share Market Tips - Stock coming down from strong resistance , further buying expecting if closes above 671 as per technical analysis point of view. (Updated On 21st July 2014, Monday).





  • As per previous report published on TATA ELXSI , stock gave a sharp intraday move after breaking 647 and made a intraday high of 671. (Click here to view previous report on TATA ELXSI).
  • Now daily chart indicates stock gave strong intraday selling once it touched its resistance, as shown above. Which indicates stock can see further buying once it closes above 671 and stays above, daily chart also indicates stock is trading above 20 days moving average that will favor bulls to take stock move upwards.
    • Intraday close watch once TATA ELXSI starts trading above 671 can see some intraday action.
  • If stock falls further from current levels then will find strong trend line support around 600.
  • Monthly chart indicates stock is facing 261.8% fibonacci retracement resistance around 671 now , once closes above then stock looking good for short-long term traders.
  • Suggested article to read from our collection - What is nifty and nifty futures.

AXIS BANK Share Market Trading Tips - Stock closed above major resistance, will move further if holds above previous top as per technical analysis point of view. (Updated On 21st July 2014, Monday).


AXIS BANK




  • As per previous post published on AXIS BANK, stock gave a sharp intraday move once it crossed 1990 and made a intraday high of 2009. (Click here to view past report on AXIS BANK).
  • AXIS BANK moving up from strong 23.6%  fibonacci retracement support zone as shown above, stock also moving up from 50 days moving average, which indicates as long as stock holds above its support zone will favor bulls.
  • Now in daily chart stock has closed above its previous top of 1990, which  indicates as long as stock holds above 1990 will favor bulls.
  • If stock move further then stock will find next strong resistance 161.8% fibonacci retracement around 2140 as shown above.
  • Suggested article to read from our collection - Japanese candlestick patterns.


US SOYABEAN OIL Trading Tips- Soya Oil Closed below major support, further selling expecting as per technical analysis. (Updated On 21st July 2014, Monday).


US SOYA BEAN OIL




  • US SOYA BEAN OIL has closed below its major support zone, close watch chart indicates its major support will now act a major resistance, as long as Soya Bean oil trades below , it is looking weak.
  • Daily chart also indicates Soya oil trades below 20 days moving average, as long as trades below it will favor bears.
  • If falls further from current levels then will find strong support around 35.65 (161.8% fibonacci retracement resistance).



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