ANDHRA BANK has formed double bottom formation, looks bullish above 92.

ANDHRA BANK

• Stock has formed double bottom formation, chart indicates stock can see some bullish action once it closes and holds above 92 (its previous top).
• Stock also moving up from 200 days moving average, as long as holds above bulls will be favored.
• Even stock major trend indictor "MACD" is now moving in positive zone and level zero this indicates further price rise can be seen in coming days. Close Watch.

ANDHRA BANK Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock facing strong golden ratio support at current levels, and RSI indicator is oversold zone, Stock can bounce back. (Updated On 13th August 2014, Wednesday).

ANDHRA BANK

• As per previous report published on ANDHRA BANK, stock failed to close above 104 (its golden ratio resistance) and we witnessed a sharp selling from 104 levels to now around 75. (Click here to see past report published on ANDHRA BANK).
• Now daily chart indicates stock is facing strong golden ratio 61.8% fibonacci retracement support at current levels, this indicates bulls have a chance to get active and move up the stock from current levels. But stock failed to take this golden ratio support then can see some further weakness.
• Suggested Reading - OIL INDIA has formed Descending Triangle Formation and trading below 50 DMA, will be favored by bears..
• Daily chart also indicates Andhra Bank s facing 200 days moving average support at current levels, as long as stock holds above it will be favor by bulls, but once stock closes below 200 DMA then bears can get active as we can see some further weakness in stock. Graph no 2 also indicates that stock indicator RSI is now moving near oversold zone this is a sign of caution for bears , as stock can see some bounce back as per RSI indicator.
• If stock moves up from current levels then will find strong fibonacci retracement resistance around 83.50, 88.50, 92.50 and 96.50, as per graph no 3. Close Watch.
• Click here to see all the free trading reports (tips) published by us on ANDHRA BANK.
• Free tips on share.

ANDHRA BANK Technical Analysis Chart - Stock on the verge of breakout above 104. (Updated On 03rd July 2014, Thursday).

• ANDHRA BANK facing strong trend line resistance around 104 in hourly chart, Close Watch chart indicates once stock starts trading above 104 with volumes and stays above then can see some intraday action.
• Daily chart indicates stock is facing strong golden ratio resistance around 104, once closes above 104 and stays above then stock looking bullish for 1-2 days.
• (Short term trend) - Weekly chart indicates stock is facing strong trend line resistance as well as 200 weeks moving average resistance around 110. Once stock closes above 110 and stays above then good for short term traders.

ANDHRA BANK on the verge of breakout above 70 - 14th May 2014 (Wednesday).

• ANDHRA BANK facing strong trend line resistance around 70.
• Stock also trading above 50 and 100 days moving average, as long as it closes daily above 50 and 100 moving average Andhra bank looks bullish.
• Weekly chart also indicates that above 71.65 stock looks bullish.
• Article from our collection - What is sensex

Visit our blog daily for tips on share on Indian Stock Market