SBI finding strong trend line resistance at current levels.

 

STATE BANK OF INDIA (SBI)

Charts updated for - 13th February 2015.

• Stock earlier closed below its major trend line support zone hence gave a bearish breakout signal.
• Its previous support now acting as a major resistance for SBI. yesterday stock has shown some bounce back but failed to closes above it resistance @ 287.
• Close watch as long as SBI trading below 287 bears will be favored. Stock also holding below 100 DMA this too will favor bears. Close Watch.
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RELIANCE INFRA moving up from strong trend line support zone @ 400 with supported by volume.

RELIANCE INFRA

Charts updated on - 13th February 2015.

• Stock moving up from strong trend line support zone, chart indicates as long it holds above 400 bulls will be favored and further price rise can be seen.
• But if Reliance Infra closes and holds below 400 then we can see bears will get active once again.
• If stock moved up from current levels then will find fibonacci retracement resistance around 430, 447, 462 & 476.
• Some intraday action can be seen in Reliance Infra once stock starts trading above its resistance levels mention above.
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ASHOK LEYLAND moving up from strong support zone @ 56, bulls will be favored.

ASHOK LEYLAND

Charts updated on - 11th February 2015.

• Stock moving up from strong support (50% fibonacci retracement and 50 DMA) chart indicates as long as stock will be favored by bulls as long a holds above 56.
• Bears will get active once again once it closes and holds below 56. Close Watch.
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RELIANCE INDUSTRIES failed to close below golden ratio support zone, careful with sell positions.

RELIANCE INDUSTRIES

Charts updated on - 12th February 2015.

• Stock failed to close below its golden ratio support zone and stock  bounce back.
• Chart indicates as long as it holds above it golden ratio bulls will be favored.
• Further price fall can be seen once stock starts trading below 862.50 (its recent low). Close Watch.
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Reliance Communications closes below its 161.8% fibonacci retracement, previous support will now act as resistance.

RELIANCE COMMUNICATIONS

Charts updated on - 12th February 2015.

• Stock has closed below 161.8% fibonacci retracement around 70, this indicates as long as it holds below bears will be favored, as previous support will now act a resistance for Reliance Communication.
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ICICI BANK moving up from strong trend line support zone @ 316.50.

ICICI BANK

Charts updated on - 11th February 2015.

• Stock moving up from strong trend line support zone, chart indicates bulls will be favored as long as holds above.
• On upper side close watch ICICI BANK will find strong fibonacci retracement resistance zone 334, 346, 355 & 364.
• We can see come price increase once stock closes and holds above it resistance zone. Close Watch.
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RELIANCE CAPITAL finding strong trend line support around 427, weakness expecting once it closes and holds below 427.

RELIANCE CAPITAL

Charts updated on - 11th February 2015.

• Stock finding strong golden ratio support zone @ 427. Chart indicates as long as it holds above bulls will be favored.
• But once stock closes and holds below 427 then further price fall can be seen in coming days. Close Watch.
• Click link to see stock analysis on Reliance Inds.

HDIL failed to close above its strong trend line resistance, level to watch now @ 118.

HDIL

Charts updated on - 20th February 2015.

• Stock showed some intraday action once it started trading above it previous resistance @ 115.50. HDIL made a intraday high @ 118 but failed to close above 115.50.
• Chart indicates we can see some action once stock again starts trading above 118. If closes and holds above 118 then further price rise can be seen in coming days. Close Watch.
• If falls from current levels then HDIL will find 23.6% fibonacci retracement support around 104.
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BPCL facing strong golden ratio support at current levels in Hourly chart @ 689.

BPCL

Charts updated on - 11th February 2015.

• Stock facing strong golden ratio support at current levels in hourly chart, this indicates as long as BPCL holds above 689 bulls will be favored.
• Stock also holding above 200 hours moving average, as long as holds above bulls will be favored.
• Can see some intraday weakness once BPCL starts trading below 689. Close Watch.
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BANK NIFTY Index moving up from strong trend line support, will favor bulls as long as it holds above 18226.

BANK NIFTY CHART

Charts updated for - 11th February 2015.

• Index moving up from strong trend line support zone, chart indicates as long it holds above 18226 bulls will be favored.
• Weakness expecting once it closes and holds below 18226.
• Index also moving and holding above 100 DMA, this indicates bulls will be favored.
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SUZlON ENERGY is one the verge of bullish breakout above 18.60.

SUZlON ENERGY

Charts updated on - 12th February 2015.

• Stock moving and holding above 50 DMA, this will favor bulls as long as stock holds above.
• On upper side Suzlon Energy will find strong trend line resistance around 18.60 and 19.50, once stock closes and holds above then further price rise can be seen in coming days. Close Watch.
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SBI closed below its major support zone, stock will now find next strong support around 270.

 

STATE BANK OF INDIA (SBI)

• Stock has closed below its major trend line and 100 DMA, hence gave a bearish breakout signal
• SBI previous support will now act as a major resistance, further price fall can be seen in coming days as long as stock holds below 287.
• On down side stock will now find minor support around 270.
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Reliance power has given a bearish breakout signal, further weakness can be seen in coming days.

RELIANCE POWER

Charts updated on - 12th February 2015.

• Stock has closed below its major trend line support zone, chart indicates further weakness can be seen.
• Its previous support is now acting as a major resistance for Reliance Power. As long as it holds below 58.40 further price fall can be seen in coming days.
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RELIANCE CAPITAL has made a bearish breakout as it has closed below its strong trend line support zone.

RELIANCE CAPITAL

• Stock has closed below its major trend line support zone, chart indicates as long as it holds below bears will be favored and further price fall can be seen.
• On down side bulls will now have some hopes around its major trend line support @ 431.
• But if Reliance Capital fails to take this support @ 431 and closes and holds below 431 then further selling pressure can be seen in coming days. Close Watch.
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