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Reliance Infra share price and free nifty stock tips - Stock closed above major trend line resistance, showing bullish signals - updated for 28th December 2015, Monday.


RELIANCE INFRA

Stock moved up from strong trend line support zone as shown in above technical image.

As per current chat Reliance Infra closed above its major trend line resistance zone and now its previous resistance will now act as a major support @ 464 for this stock. As long as stock holds above bulls will be favored and further price rise can be seen in coming days.

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Above image also indicates that stock showed long bullish candlestick pattern with increasing volume this shows bulls are currently active and intraday bulls action can be seen once stock holds above its yesterdays high @ 496.

MACD and slow stochastic are moving in +ve zone this indicates further price rise can be seen as long as Reliance Infra holds above its trend line.

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On 24 December 2015, Thursday Reliance Infra share price was closed at 491.70 +33.85 (7.39%).

Stock was on News:- Reliance Infrastructure is in the advanced stage of negotiations to sell its cement business and a deal can be announced as early as this week as the Anil Ambani-led firm tries to cut debt 

Reliance Cement, which has an annual capacity of 5.5 million tonnes, started operations in 2007 

Reliance Infrastructure, with a net worth of over USD 4 billion, is trying to sell its non-core assets, including the road business to pare debt and fund expansion in the defence manufacturing sector, which it feels will be the primary driver for future growth.

Reliance communication share price chart and trading tips - Stock has formed head and shoulder pattern in daily chart - updated for 28th December 2015, Monday


RELIANCE COMMUNICATIONS

Reliance commutations has formed head and shoulder pattern in daily chart, technical indicates bulls will be favored once it closes and holds above its pattern @ 88.

As long as stock holds below 88 trend will be mix and chances are high that stock may see some correction.

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Stock major trend indicator macd and slow stochastic is moving in positive zone this will favor bulls and expecting stock price to rise further up.

On December 24, 2015 stock price of Reliance communication closed at 86.05.

Stock was on news - Reliance Communications has put on hold the launch of the Facebook Free Basics service following TRAI directive to this effect. “As directed by TRAI, the commercial launch of Free Basics has been kept in abeyance, till they consider all details and convey a specific approval,” a Reliance Communications spokesperson said on Wednesday.

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Punj lloyd share price and stock tips - Stock is moving in rectangle pattern in daily chart - updated for 28th December 2015, Monday


PUNJ LLOYD

Share price chart of Punj lloyd is moving in a range bound pattern in daily chart technical indicates as long as it trades in between its range trend will be mix with no clear direction.

Upper side stock will find resistance around 29.20, once it closes and holds below then strength can be seen in coming days.

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Yesterday stock has shown long bullish candle with increasing volumes this indicates bulls are active and intraday action can be seen once it holds above its yesterdays high.

MACD and slow stochastic is moving in +ve zone this indicates price rise can be seen in coming days.

On December 24, Punj lloy share price was closed at 27.80 +1.60 (6.11%).

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Pipavav share price and stock market tips - Stock has closed above its previous top in weekly chart - updated for 28th December 2015, Monday


PIPAVAV DEFENCE AND OFFSHORE

Weekly chart of Pipav indicates that it has closed above its major resistance hence showed a bullish breakout signal.

Its previous resistance will now act as a major support, as long as stock holds above 98.50 bulls will be favored and further price rise can be seen in coming days.

If stock moves up further then it will find strong resistance around 120 as shown in above image.

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Stock also moving up from 50 weeks moving average.

Its major indicator MACD and slow stochastic is moving in +ve zone this will favor bulls but RSI has entered in overbought zone this shows a sign of caution.

On December 24, 2015 Pipavav share price was closed at 100.25.

Stock was on new in various online sites :- 

According to reports, the Ministry of Defence has initiated various policy measures to address the concerns of the industry for ease of doing business. Provisions have now been made with intent to provide greater flexibility to the vendors in offset contracts and reinstatement of services as an avenue for discharge of offset obligations and level playing field to Indian vendors in Capital acquisitions.

Petronet share price chart and stock forecast - Stock moving in a range bound zone and finding support around 237.50 - updated for 28th December 2015, Monday


PETRONET LNG

Petronet share price chart indicates that it is moving in a range bound zone technical indicates as long as it moves in between its range trend will be mix with no clear direction, sharp movement can be seen once it comes out from its range bound pattern.

Upper side Petronet will find resistance around 247.50 and support around 237.50.

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Above technical image also indicates that it is finding 20 dma support from bollinger band this indicates as long as stock holds above 20 DMA line bulls will be favored and bears will be favored once it starts trading below 20 DMA.

Stock trend indicator is moving in -ve zone this indicates as long as they stays -ve weakness can be seen in coming days.

On December 24 Petronent LNG share price closed at 240.55.

ONGC share price chart and stock tips - Stock witnessing selling pressure from resistance @ 240 - updated for 28th December 2015, Monday



Above technical chart of ONGC indicates that it is witnessing selling pressure from strong trend line resistance zone @ 240, as long as it holds below bears will be favored and stock may see some further weakness in coming days.

Stock also witnessing selling pressure from 50 DMA this will favor bears.

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Bulls action can be seen once stock closes and holds above its resistance zone @ 240.

So far stock major trend indicators are moving in +ve zone once they turned -ve then selling pressure may happen in ONGC corporation.

On 24th December 2015, Thursday ONGC share price was closed at 234.25.

Mangalore chemicals and fertilizers share price chart showing bullish candlestick pattern - updated for 28th December 2015, Monday


MANGALORE CHEMICALS AND FERTILIZERS LTD

Stock has formed long bullish candlestick pattern in daily chart technical indicates bulls will be favored and further intraday price rise can be seen once stock holds above its yesterdays high @ 49.65.

Stock also moving up with sudden increase in volumes this will favor bulls and further action can be seen in coming days.

If stock moves up further then on upper side will find next strong resistance around 52.30 as shown in above technical image.

Suggested reading - Visit link below to read article on candlestick pattern.

Stock major trend indicator "MACD" and "slow stochastic" is moving in positive zone this indicates further price rise is expecting in coming days.

RSI indicator is on the verge of entering in overbought zone, as sign of caution will be generated once it holds above 70 levels.

On Thursday, December 24th 2015, Mangalore chemicals and fertilizers share price closed at 47.70.

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