ESCORTS free trading tips, Stock to test strong resistance @ 167.

ESCORTS LTD

• ESCORTS LTD facing strong trend line resistance around 167, close watch charts indicates stock to favor bulls once it closes and stays above 167.
• Stock also moving up from 50% fibonacci retracement support zone as shown in chart no1, this will favor short-long term traders.
• Once stock closes and holds above 167 then will find next strong resistance around 185 its 161.8% fibonacci retracement. Close Watch.
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FEDERAL BANK Technical Analysis, Stock favor bulls above 133.50.

FEDERAL BANK

• FEDERAL BANK moving up from long trend line support zone, and now facing trend line resistance around 133.50. Once closes and stays above 133.50 then bulls will be favored.
• As per technical analysis chart no2, stock is moving in a up channel formation, and witnessed increase in volume, so as long as stock moves in up channel formation bulls will be favored.
• Stock also moving up from 100 DMA, if we look at chart closely stock bounced from 100 DMA from last 4 times, as long as stock holds above bulls will be favored.

ADANI ENTERPRISES bulls use stop loss 449.

ADANI ENTERPRISES

• ADANI ENTERPRISES facing strong golden ratio support @ 449. As long as holds above bulls will be favored, once closes and stays below 449 then we can see some bears action for next few trading days.
• Stock also holding strong trend line support around 449, if breaks its support then will favor bears. Bulls can use 449 as a stop loss and hold adani enterpises.
• Stock also facing 50 DMA support zone, from last 2 times stock bounced back from its moving average support, close watch as long as hold above bulls will be favored, but once closes below 50 DMA bears may get active.