RELIANCE COMMUNICATIONS Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock witnessed selling after breaking its head and shoulder formation, close watch stock is now at strong support around 106.50. (Updated on 15th September 2014, Monday).

RELIANCE COMMUNICATIONS

• As per previous report published on Reliance Communications, stock failed to close above its major resistance that was between 155-165 and from those levels stock fell down and so far made a low around 108. (Click here to see previous report published on RELIANCE COMMUNICATIONS).
• As per current analysis , stock is finding strong support around 106.50, if Ril Comm closes below its trend line support @ 106.50 and holds below then further weakness is expecting. But as long as stock holding above its trend line support down trend will not be clear and we may see come correction (as shown in chart no1).
• Also See - TORRENT POWER coming down from trend line suppport, will favor bulls once it closes above till then stock can see some correction.
• Intraday Tips - If Ril Comm hold and stays below 106.50 during trading hours then intraday weakness is expecting.
• As per chart no2, stock has witnessed selling after breaking its head and shoulder pattern and now at support.
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• Stock is also trading below its 20 DMA , as long as trades below bears will be favored as per moving average studies. Once stock closes above 20 DMA then stock will show first sign of bulls. Close Watch.
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TORRENT POWER Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock witnessing selling from its major resistance, can see some correction from current levels, further strength expecting once Torrent Power closes above 173.50. (Updated on 15th September 2014, Monday).

TORRENT POWER

• Current technical analysis chart no1 indicates that Torrent Power coming down from strong trend line resistance, this indicates that we can see some correction as long as stock trades below 173.50. But once stock closes above 173.50 and holds above then further strength is expecting in Torrent Power for next few trading days.
• Also See - ROLTA (I) has formed rectangle formation in daily chart , sharp move expecting when it comes out.
• Intraday tips - Bulls action is expecting once stock starts trading above 173.50 with volumes, if stays above then intraday action is expecting.
• As per stock analysis chart no2, If Torrent Power corrects from current levels then will find strong support around 161, 154, 147 and 141 its fibonacci retracement levels.
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• If stock moves up from current levels and closes above 173.50 then will find next resistance around 203 its 161.8% fibonacci retracement. Close Watch.
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ROLTA (I) Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock has formed rectangle formation, strength expecting in ROLTA (I) once it closes above 122. (Updated on 15th September 2014, Monday).

ROLTA INDIA

• As per current technical analysis chart no1, ROLTA is moving up from 38.2% fibonacci retracement support, this indicates bulls gonna be favored as long as it tradres above.
• As per stock analysis chart no2, ROLTA has formed rectangle formation in daily chart, this indicates as long as stock trandes in between rectangle formation trend will not be clear, but once it comes out then sharp move is expecting in ROLTA (I).
• Also See - AMTEK AUTO moving in a range bound zone, sharp move expecting once stock comes out.
• According to chart no3, 100 days moving average playing an important role in Rolta, from last 4 times stock bounced from 100 DMA, as long as trades above Rolta looks bullish but once closes below 100 DMA then stock will show first sign of weakness. On upper side stock will find trend line resistance around 122, further strength expecting for few trading days once Rolta closes above 122 and stays above.
• Intraday tips - Close watch once Rolta starts trading above 122, if holds above with volumes then intraday bulls action is expecting.
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• If stock moves up from current levels and closes and stays above its previous resistance @ 122 then will find next resistance around 135 its 161.8% fibonacci retracement. Close Watch.
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AMTEK AUTO Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock stuck in a range bound zone and also moving up from support, will favor bulls once closes above 272.50. (Updated on 15th September 2014, Monday).

AMTEK AUTO

• As per previous report published on AMTEK AUTO, stock failed to break its resistance @ 272.50 earlier, and we have witnessed selling from higher levels and stock made a low around 222 after that. (Click here to see previous report published on AMTEK AUTO).
• As per current technical analysis chart no1, AMTEK AUTO has now stuck in a range bound zone, this indicates sharp move expecting once AMTEK AUTO comes out from its range, till then stock will remain zig zag.
• Also See - FEDERAL BANK moving up from trend line support, will favor bulls.
• As per stock analysis chart no2, AMTEK AUTO moving up from 23.6% fibonacci retracement support, as long as stock trades above it will favor bulls.
• According to chart no3, stock is moving up from 50 days moving average, as long as stock trades above it will favor bulls, and on upper side Amtek Auto will find trend line resistance around 272.50, once stock closes and stays above 272.50 then further strength expecting for next few trading days.
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• Intraday Tips - Close Watch once stock starts trading above 272.50 with volumes during trading hours , if holds above then intraday bulls action is expecting.
• If closes above 272.50 and stays above then Amtek Auto will find next resistance around 310 its 161.8% fibonacci retracement as shown in chart no 3.
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FEDERAL BANK Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving up from strong trend line support zone, will favor bulls once FEDERAL BANK closes above 130. (Updated on 15th September 2014, Monday).

FEDERAL BANK

• As per technical analysis chart no1, stock moving up from strong trend line support zone, this indicates stock will favor bulls once Federal Bank closes above its trend line resistance around 130. Once closes above 130 then Federal Bank looking bullish for next few trading days.
• Intraday Tips - Close watch if stock starts trading above 130 during trading hours then intraday bullish action is expecting.
• As per stock analysis charts no2, Once Federal Bank closes above 130 and if holds above then stock will find next trend line resistance around 136 is previous high.
• Also See - JSW STEEL moving in a up channel formation, further strength expecting once stock closes above its trend line resistance.
• According to chart no3, Federal Bank is facing strong support between 115-110, and stock is moving up from that zone , as long as trades above bulls are on safer side.
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• As per monthly chart, stock is moving up from previous high, its previous resistance is now acting as major support, as long as Federal Bank is trading above its previous top short-long term investors looks safe.
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