HPCL technical chart indicates that it has closed above its major trend line resistance, its previous resistance will now act as a major support, as long as it holds above further price rise can be seen in coming days.
BPCL technical analysis chart updated on 02nd June 2015, Tuesday.
BPCL technical analysis chart indicates that it has closed above its major trend line resistance as shown in above graph. As long as BPCL holds above its previous top bulls will be favored and further price rise can be seen in coming days.
Nifty Futures chart updated on 02nd June 2015, Tuesday.
NIFTY FUTURES
Nifty futures chart indicates that it is finding strong 20 DMA and 50% fibonacci retracement resistance at current levels, will favor bulls once it closes and holds above.
If holds above its resistance then will find next strong resistance at its golden ratio i.e 61.8% fibonacci retracement.
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