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INDUSIND BANK moving in up channel formation.


INDUSIND BANK


  • Stock moving in up channel pattern, this will favor bulls.
  • Stock also moving up from 20 days moving average, as long as stock trades above bulls will be favored.
  • On upper side stock will find strong trend line resistance around 799, further price rise can be seen on stock closes and holds above 799. Close Watch.
  • Suggested Article - Golden Trading Rules In Stock Market

HIND UNILEVER holding at strong support @ 750.


HIND UNILEVER


  • Stock facing strong trend line support @ 750, chart indicates as long as stock holds above bull will be favored.
  • Stock also trading above 100 DMA this will favor bulls.
  • As per fibonacci retracement studies Hind Unilever moving up from golden ratio support zone, this indicates as long as holds above 750 bulls will be favored. Once stock closes and holds below 750 then bears may have grip in unilever. Close Watch.

TATA SPONGE - Range getting narrow, sharp movement expecting once it comes out.


TATA SPONGE


  • Stock is facing strong trend line support around 582, as long as holds above bulls will be favored and further weakness can be seen once it closes and holds below 582.
  • On upper side TATA Sponge will find trend line resistance around 685, once stock closes and holds above 685 then further up trend can be seen.
  • As range getting narrow sharp movement can be seen in coming days.
  • Even stock finding strong 50 DMA resistance @ 685.

KOTAK MAHINDRA BANK moving in up channel formation and moving up from support.


KOTAK MAHINDRA BANK



  • Stock moving in up channel formation, so as long as moving in between its pattern bulls will be favored.
  • Stock also moving up from support - 23.6% fibonacci retracement @ 1232,
  • Above chart also indicates that stock trading above 50 DMA, this will favor bulls as long as stock trades above.

ULTRATECH CEMENTS has formed triangle formation.


ULTRATECH CEMENTS


  • Stock has formed triangle formation in daily chart, this indicates sharp movement expecting once stock comes out from its pattern.
  • Stock also moving up from 200 DMA, this indicates as long as holds above 200 DMA bulls will be favored.
  • On upper side stock will find strong trend line resistance around 2572, and 2665. Close Watch.

UNION BANK OF INDIA has formed double bottom formation.


UNION BANK OF INDIA


  • Stock is moving up from strong trend line support zone @ 204, will favor bulls as long as holds above.
  • Technicals also indicates that stock has double bottom formation in daily chart, this indicates sharp movement expecting once Union Bank comes out from its formation.
  • On upper side stock will find trend line resistance around 232 & 234 (Its recent tops). Further price rise can be seen once stock closes and holds above its trend line resistance zone.

RANBAXY LABS has formed triangle formation


RANBAXY LABS


  • Stock has formed triangle formation in daily chart, this indicates sharp movement expecting once stock comes out from its pattern.
  • Stock also trading around 100 days moving average, as long as holds above bulls will be favored once it closes and holds below then bears will be favored.
  • Close watch once stock closes and holds below its support zone @ 606 then stock can favor bears.

PETRONET LNG facing strong resistance @ 210.


PETRONET LNG


  • Stock moving up from 200 DMA and also from strong trend line support zone, chart indicates bulls will be favored as long as holds above 180 (its recent bottom).
  • On upper side Petronet LNG facing strong trend line resistance around 210 (its recent top). Once stock closes and holds above 210, then stock will favor bulls.
  • Even stock major trend indicator "MACD" in moving in +ve zone and above levels zero this indicates further price rise can be seen in coming days.

CENTRAL BANK OF INDIA on the verge of bullish breakout above 89.


CENTRAL BANK OF INDIA


  • Stock moving in a up channel formation, this indicates as long as Central Bank moving in between its pattern bulls will be favored.
  • Stock also holding above 20 DMA this indicates bulls will be favored for further up move.
  • Volumes are also supporting with current up trend trend this shows so far bulls are active in this stock.
  • On upper side once stock closes and holds above 89 (its previous top) then further price rise can be seen in Central Bank Of India. Close Watch.

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