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HANG SENG INDEX made a bullish breakout, further price rise can be seen in coming days.


HANG SENG INDEX


  • Index had formed head and shoulder formation in daily chart, and made a bullish breakout by closing above its resistance @ 24370, this indicates as long as Index holds above bulls will be favored and further price rise can be seen in coming days.
  • Previous resistance @ 2370 will now act as a major support for Hang Seng Index.
  • On upper side Index will now find next strong resistance around 25370 (its previous top).
  • Stock major trend indicator "MACD" is moving in +ve zone this indicates further price rise can be seen in coming days.
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GUJRAT ALKALIES facing from 200 DMA resistance around 196.


GUJRAT ALKALIES


  • Stock facing 50% fibonacci retracement resistance around 196, chart indicates sharp movement expecting once stock closes and holds above.
  • Gujrat Alkalies also trading below 200 DMA, stock must holds above 200 DMA for bulls to be favored. Close Watch.

BHEL finding strong trend line resistance around 288.50.


BHEL


  • Stock moving up from 100 DMA this indicates as long as stock holds above bulls will be favored.
  • On upper side stock is finding strong trend line resistance around 288.50. Once BHEL closes and holds above 288.50 then further price rise can be seen in coming days. Close Watch.

TTK HEALTCARE is on the verge of bullish breakout above 910.


TTK HEALTCARE


  • Stock moving up from strong trend line support zone and still holding above this indicates bulls will be favored.
  • On upper side TTK Healthcare will find strong trend line resistance around 910 and 933, this indicates further strength can be seen once stock closes and holds above. Close Watch.
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NASDAQ COMPOSITE moving in a range, Sharp movement expecting once it comes out from its pattern.


NASDAQ COMPOSITE


  • Stock moving in a range bound zone, this indicates as long as stock moving in between it pattern trend will be mix.
  • Chart also indicates as stock is moving up and holding above 100 DMA , this indicates bulls will be favored.
  • On upper side Nasdaq will find strong resistance around 4815 and on down side will find support around 4547. Close Watch.
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EROS INTERNATIONAL stuck in a range bound zone, sharp movement expecting once it closes out from its pattern.


EROS INTERNATIONAL


  • Stock holding above its strong trend line support zone this indicates bulls will be favored.
  • Current technical chart also indicates that stock is stuck in a range bound zone, this indicates sharp movement expecting once stock comes out from its pattern. Close Watch.
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ADANI ENTERPRISES had formed double bottom formation and has now made a bullish breakout.


ADANI ENTERPRISES


  • Stock had formed double bottom formation in daily chart.
  • Adani Enterprises has now made a bullish breakout as it closed above it pattern.
  • Previous resistance will now act as a major support for Adani Eneterpises, as long as stock holds above 524 bulls will be favored and further price rise can be seen in coming days. Close Watch.

VIP INDS moving up from 200 DMA, will now find trend line resistance around 122.50.


VIP INDS


  • Stock moving up from 200 DMA, this indicates bulls will be favored as long as stock holds above.
  • On upper side VIP will find trend line resistance around 122.50, this indicates that once it closes and holds above 122.50 then further price rise can be seen and above 122.50 will find next trend line resistance around 126.
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FINANCIAL TECHNOLOGIES moving in a range, sharp movement expecting once stock comes out.


FINANCIAL TECHNOLOGIES


  • Stock currently coming down from strong trend line resistance zone, this indicates as long as stock trades below bears will be favored.
  • Technical chart also indicates that Financial Technologies currently stuck in a range bound zone, this indicates that sharp movement expecting once it comes our from its formation, down side will find support around 195. Close Watch.
  • Even stock major trend indicator "MACD" is moving in -ve zone this indicates bears will be favored. Close Watch.

APOLLO HOSPITALS made a bullish breakout, bulls will be favored.


APOLLO HOSPITALS


  • Stock moving up from 50 DMA, and so far holding above this indicates bulls will be favored.
  • Current chart indicates that Apollo Hospitals has closed above it major resistance zone hence made a bullish breakout, as long as stock holds above bulls will be favored. Previous resistance will now act as as major support for Apollo Hospitals.



BPCL facing 38.2% fibonacci retracement resistance around 691.50, will favor bulls once it closes and holds above.


BPCL


  • Stock moving up from strong trend line support zone, this indicates bulls will be favored.
  • BPCL chart also indicates that stock is now finding strong fibonacci retracement resistance around 691.50, once it closes and holds above 691.50 then further price rise can be seen in coming days. Close Watch.
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