IL&FS TRANSPORTATION is on the verge of bullish breakout @ 195.50.

IL&FS TRANSPORTATION

• Stock finding strong trend line resistance around 195.50, chart indicates further strength expecting once stock closes and holds above.
• Stock also finding fibonacci arc resistance @ 195.50. Close watch bulls action can be seen once stock breaks its resistance.

IL&FS TRANSPORTATION trading below 200 DMA, stock will favor bears.

IL&FS TRANSPORTATION

• Stock currently witnessing selling pressure form trend line resistance.
• On down side stock will find trend line support @ 167, chart indicates once stock closes and holds below 167 then further weakness is expecting.
• Stock also trading below 200 DMA this will favor bears as long as holds below.
• Even stock major trend indicator "MACD" is moving in -ve zone and below level zero this indicates price fall can be seen. Close Watch.

IL&FS TRANSPORTATION NETWORKS LTD Share Trading Tips - Bullish breakout in daily chart , further buying expecting as long as holds above as per technical analysis point of view. (Updated On 18th July 2014, Friday).

• As per previous report published on IL&FS TRANSPORTATION, stock gave a strong up move after breaking its strong trend line resistance of 228, 231, Stock made a intraday high of 242.50. (Click here to visit previous report on IL&FS).
• Now daily chart indicates stock made a bullish breakout as closed above its previous top, previous top will now act as major support, a long as holds above further up move is expecting.
• Weekly chart indicates stock is now trading above major resistance if closes above in weekly chart then short term trend is looking bullish.
• Monthly chart indicates stock is now trading above 50% fibonacci retracement if holds above then will find golden ratio fibonacci retracement resistance around 255.

IL&FS TRANSPORTATION NETWORKS LTD Stock Analysis - Stock to test strong trend line resistance around 228 and 231. (Updated On 17th July 2014, Thursday).

• IL&FS TRANSPORTATION NETWORKS LTD is moving up from strong trend line support zone and now facing strong trend line resistance around 228 and 231, Close watch chart indicates once stock closes above its trend line resistance and stays above then stock will favor bulls.
• Weekly Chart also indicates that stock is facing strong trend line resistance and lot of selling at resistance, Once closes above 231 in weekly chart and stays above then stock will favor short term bulls of IL&FS.
• Monthly chart indicates stock failed to close above it 50% fibonacci retracement once stock closes above 50 % fibonacci retracement then will favor long term bulls and stock will find next golden ratio fibonacci retracement resistance  around 255.