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GHCL moving in range, sharp movement expecting once stock comes out.


GHCL LIMITED


  • Stock moving up a range bound zone, chart indicates as long as stock moves in between trend will not be clear, sharp movement expecting once stock comes out from its formation.
  • On upper side will find resistance around 77 and support @ 67.75.
  • Stock also finding 38.2% fibonacci retracement resistance around 77, If closes and holds above 77 then further price rise can be seen in coming days. Close Watch.

Further bullish move can be seen in INFY once it closes and holds above 2200.


INFOSYS TECHNOLOGIES


  • Stock moving up from 100 DMA, this will favor bulls.
  • Infy also has formed head and shoulder formation, and made bullish breakout by closing above its neckline.
  • On upper side will now test strong trend line resistance around 2200 its previous top, once it closes and holds above 2200 then further bullish trend can be seen in coming days.

HAVELLS moving up from strong support, will test resistance @ 281.


HAVELLS


  • Stock moving up from strong trend line support zone, bulls will be favored as long as stock holds above its previous bottom @ 250.
  • On upper will Havells will test its strong resistance @ 281, once it closes and holds above 281 then further price rise can be seen.
  • Even stock major trend indicator "MACD" is moving in +ve zone this indicates closing above its resistance will show some further strength. Close Watch.

STATE BANK OF INDIA testing strong trend line resistance zone @ 327.50.


STATE BANK OF INDIA


  • Stock moving up from 50 DMA, bulls will be favored.
  • On upper side stock is now testing its previous top resistance around 327.50, chart indicates once it closes and holds above its previous top then further up trend can be seen.
  • Even stock major trend indicator is moving in +ve zone this indictes further price rise can be seen once it closes and holds above its previous top as shown above.

ICICI BANK has made a bullish breakout.


ICICI BANK


  • Stock moving up from 100 DMA, chart indicates bulls will be favored as long as ICICI BANK will holds above.
  • Stock has also made bullish breakout as closes above its head and shoulder formation, As long as it holds above its previous top bulls will be favored.

POWER GRID on the verge of bullish breakout @ 151.


POWER GRID


  • Stock made a bullish breakout after coming out from its range bound zone.
  • On upper side will now test strong trend line resistance around 151 (its previous top). Once it closes and holds above 151 then further strength is expecting.
  • MACD is moving in +zone this indicates further price rise can be seen once it closes and holds above its previous top.

CENTRAL BANK OF INDIA heading to test its strong resistance @ 108.


CENTRAL BANK OF INDIA


  • Stock moving up from strong 20 DMA support zone, chart indicates as long as Central Bank Of India holds above bulls will be favored.
  • On Upper side close watch stock is going to test its strong resistance zone @ 108 (161.8% fibonacci retracement) as shown above. 
  • Once closes and holds above its resistance indicates further bullish trend.

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