BANK NIFTY moving up from strong trend line support zone, Index will find resistance around 19266.

BANK NIFTY CHART

Charts updated for - 16th February 2015.

• Bank Nifty Index moving up from strong trend line support zone, bulls will be favored as long as Bank Nifty holds above.
• If Index moved up from current levels then Index will find strong resistance around 19580 & 19900.
• Nasdaq Stock Charts.
• Nifty Technical chart.

RELIANCE CAPITAL moving up from strong trend line support zone, bulls will be favored as long as stock holds above 427.

RELIANCE CAPITAL

Charts updated on - 12th February 2015.

• Stock moving up from strong trend line support zone, chart indicates as long as Reliance Capital holds above 427 bulls will be favored and further price rise can be seen.
• On upper side stock will find strong resistance around 454, 461 and 470 as shown above.
• Can see some weakness in Reliance Capital once stock closes and holds below 427.
• Reliance Charts.

ICICI BANK finding 23.6% fibonacci retracement resistance around 334.

ICICI BANK

Charts updated on - 12th February 2015.

• Stock currently finding 23.6% fibonacci retracement resistance around 334, chart indicates ICICI Bank showed some intraday action once it started trading above 334 and made intraday high around 340, but stock fell down and formed bearish candle formation.
• We can see come further price rise(intraday) once ICICI BANK holds above 340. Above 340 stock will find resistance around 346, 355 and 364 as shown above.
• On down side stock will find support around 316.50 (its recent low).

ASHOK LEYLAND finding golden ratio resistance t current levels, further strength expecting if holds above.

ASHOK LEYLAND

Charts updated on - 12th February 2015.

• Stock finding golden ratio resistance at current levels (around 64.50), chart indicates further strength can be seen once Ashok Leyland holds above above its resistance zone.
• Can see some price fall if stock fails to holds above. Close Watch.

APOLLO TYRES finding strong support around 178, some hope for bounce back.

APOLLO TYRES

Charts updated on - 12th February 2015.

• Stock witnessed strong selling pressure from its previous top @ 250.
• Close watch Apollo Tyres currently finding strong 161.8% fibonacci retracement support zone @ 178, as long as holds above bulls have some hope for bounce back.
• But if stock closes and holds below 178 then further weakness can be seen in coming days. Close Watch.
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TCS stuck in a range between 2600-2407, sharp movement expecting once it comes out from it pattern.

TATA CONSULTANCY SERVICES (TCS)

Charts updated on - 16th February 2015.

• Stock is currently moving in a range bound zone, chart indicates as long as its moving in between 2600-2407 trend will be mix.
• Sharp movement expecting once TCS comes out from its range bound pattern.
• Stock also finding 200 DMA support at current levels. Close Watch.
• TATA Group Charts.
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