LARSEN & TOUBRO finding strong support around 1450.

LARSEN & TOUBRO

• Stock currently trading above 200 DMA, chart indicates as long as stock holds above bulls will be favored.
• Stock also finding strong trend line support @ 1450 as long as stock holds above bulls will be favored.
• Once stock closes and holds below 1450 then further weakness can be seen in L&T.

ONGC moving in range bound zone.

ONGC CORPORATION

• Stock currently stuck in a range bound zone, this indicates sharp movement expecting once it comes out from its formation.
• ONGC also finding strong trend line resistance, once closes and holds above then bulls will be favored, till then bears will dominate.
• Levels to watch out for - resistance around 358 and support around 328.50.

SASKEN COMMUNICATIONS facing strong golden ratio resistance around 261.

SASKEN COMMUNICATIONS

• Stock is finding strong fibonacci retracement resistance around 261, chart indicates once stock closes and holds above bulls will be favored.
• Stock also finding strong 100 DMA resistance, once it starts trading above 100 DMA then further strength can be seen.
• Sudden increase in volumes indicates bulls are active. Close Watch.

GULF OIL CORPORATION moving up from strong support, will tests resistance @ 168, 172.

GULF OIL CORPORATION

• Stock trading above 200 DMA, as long as holds above short-long term traders will be favored.
• Stock also moving up from strong trend line support zone, this will favor bulls.
• On upper side Gulf oil will find fibonacci retracement resistance around 168 and 172, chart indicates once stock closes and holds above its resistance then further price rise can be seen in coming days.

HDFC BANK moving up from strong trend line support, further strength expecting above 980.

HDFC BANK

• Stock moving up from strong trend line support zone , chart indicates as long as stock holds above bulls will be favored.
• Stock also trading above 50 DMA, as long as stock holds above bulls will be favored.
• On upper side stock will find strong trend line resistance around 980, further strength expecting once stock closes and holds above. Close Watch.

JSW steel currently coming down from resistance, will now find support around 995.

JSW STEEL

• Stock currently coming down from 50 DMA, as long as stock trades below bears will be favored.
• JSW will now find strong trend line support around 995, this indicates weakness can be seen once stock closes and holds below 995. Close Watch.

ADANI ENTERPRISES has formed double bottom formation.

ADANI ENTERPRISES

• Stock has formed double bottom formation in daily chart, chart indicates sharp movement expecting once stock comes out from its formation.
• On upper side stock will find strong trend line resistance around 524, further strength can be seen once stock closes and holds above.

FINANCIAL TECHNOLOGIES moving in range bound, sharp movement expecting once stock comes out from its pattern.

FINANCIAL TECHNOLOGIES

• Stock moving in rage bound zone, chart indicates as long as stock moving in between trend will be mix.
• Stock currently finding and moving down from strong trend line resistance zone.
• On upper side Financial Tech will find strong resistance around 223 and support around 200, breaking level will show some action.
• Stock major trend indicator "MACD" is now moving in -ve zone this indicates some weakness can be seen in coming days.

TECH MAHINDRA made a bullish breakout, bulls will be favored.

TECH MAHINDRA

• Stock moving up from strong 100 DMA and trend line support zone, this indicates bulls will be favored as long as stock holds above.
• Stock also closes above its major resistance @ 2741 (its previous top) this indicates bulls will be favored as long it holds above its previous top.