DCB BANK trading pick, stock moving in up channel formation

DCB BANK

• Stock moving in up channel formation, chart indicates as long as stock trades in between its up pattern bulls will be favored.
• On upper side stock will find trend line resistance around 92.50, once it closes and holds above 92.50 then further price can be seen. Stock has also shown sudden increase in volume this indicates bulls are active in DCB BANK.
• If stock holds above 92.50 then stock will find next strong resistance  its 161.8% fibonacci retracement around 100. Close Watch.

AUROBINDO PHARMA update, further strength expecting above 1002.

AUROBINDO PHARMA

• Stock facing strong fibonacci retracement resistance around 1002, chart indicates once stock closes and holds above 1002 then further strength is expecting.
• Aurobindo Pharma also trading above 20 DMA as shown in chart no2, as long as stock holds above 20 DMA bulls will be favored.
• If stock closes above 1002 and holds above then stock will find next strong resistance around 1070. Close Watch.

ADITYA BIRLA NUVO chart updated, bullish above 1705.

ADITYA  BIRLA NUVO

• Stock is moving up from 50 days moving average, technical chart indicates as long as stock holds above 50 DMA bulls will be favored.
• Chart also indicates Aditya Birla Nuvo has formed triangle formation once it closes and holds above 1705 then can see price rise and will find next resistance around 1738.
• Weekly chart indicates stock has formed bullish candle formation this will favor bulls.