LIC HOUSING FINANCE facing strong golden ratio resistance around 434.

LIC HOUSING FINANCE

• Stock moving up from 100 DMA,  this indicates bulls will be favored as long as stock holds above.
• LIC also finding golden ratio resistance around 434, this indicates once stock closes and holds above 434 then further up rise can be seen.
• Even stock major indicator "Momentum" indicates that stock can see some action once stock starts trading above 100 level.

CHAMBAL FERTILISERS facing strong trend line and 200 DMA support at current levels.

CHAMBAL FERTILISERS

• Stock facing strong trend line support at current levels @ 58.70. chart indicates as long as stock holds above bulls will be favored.
• Stock also facing 200 DMA, trading above 200 DMA indicates bulls.
• On upper side stock will find trend line resistance around 67.65 and 71.10 its recent tops.
• Even stock major indicator "MOMENTUM" indicates that we can see some action once it starts moving above level 100. Close Watch.

BRITANNIA INDUSTRIES moving up from strong trend line and 50 DMA, stock to favor bulls.

BRITANNIA INDUSTRIES

• Stock moving up from strong trend line support zone.
• Stock also moving from 50 DMA, this indicates bulls will be favored as long as stock trades above.
• Sudden increase in volumes indicates bulls are active in Britannia.
• Stock major indicator "Momentum" indicates that when it starts trading above 100 levels then we can see some further activity.
• On upper side stock will find strong trend line resistance around 1822 and 1855, further price rise can be seen once stock closes and holds above its major resistance.

HERO MOTOCORP moving up from strong trend line and 50 DMA, this will favor bulls.

HERO MOTOCORP

• Stock is moving up from 50 days moving average, chart indicates as long as stock holds above bulls will be favored.
• Stock also moving up from strong trend line support zone, this indicates stock will be favored by bulls.
• On upper side stock will find trend line resistance around 3272 as shown above.
• As per momentum index, once stock starts trading above level 100 then we can see some movement. Close Watch.

BANK OF BARODA facing golden ratio resistance around 1080.

BANK OF BARODA

• Stock moving up from 50 DMA, chart indicates as long as stock holds above bulls will be favored.
• On upper side BOB is now finding golden ratio resistance around 1080, further price rise can be seen once stock closes and holds above 1080.
• As per momentum index, once it starts trading above level 100 then we can see some movement in Bank Of Baroda. Close Watch.

STATE BANK OF INDIA moving up from 50 DMA, will now be facing golden ratio resistance.

STATE BANK OF INDIA

• Stock moving up from 50 DMA, as long as stock holds above bulls will be favored.
• On upper side SBI is now finding golden ratio resistance around 313, further price rise can be seen once stock closes and holds above 313.
• As per momentum index, once it starts trading above level 100 then we can see some movement in SBI. Close Watch.