Bullish Breakout in DOW JONES, Further Up trend expecting - 13th May 2014 (Tuesday).

• DOW JONES has formed ascending triangle formation (looks bullish).
• DOW JONES also holding above 50 days moving average, as long as dow jones holding its 50 days moving average it looks bullish
• DOW JONES will have its short term fibonacci retracement resistance around 17400.
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Bullish Breakout in OIL (I), further up move expecting. - 13th May 2014 (Tuesday).

• Bullish breakout in OIL (I) as stock has come out from its long range boud zone.
• Charts indicates that OIL (I) will have next resistance around 525, 545, 565.
• Indicators like MACD are now giving +ve signals , indicates further up move from current levels.

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PURAVANAKARA PROJECTS On the verge of breakout above 77. - 13th May 2014 (Tuesday).

• PURAVANAKARA PROJECTS is now trading above its 50 weeks moving average indicates bullish signal as long as it stays above.
• Stock also has a bullish breakout (long trend line)
• Stock is now facing minor trend line resistance around 77. Chart indicates once stock starts trading above 77 with volume then can see some bullish activity.

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APOLLO TYRES facing strong resistance at current levels. - 13th May 2014 (Tuesday).

• APOLLO TYRES facing strong trend line resistance at current levels. 
• If falls from current levels then can test lower bollinger band.
• MACD is also trading -ve, indicating weakness.
• Close watch as long as trading below 181 stock looks weak, can see some intraday action once starts trading above 181 with volumes.
• Click here to see all the free trading reports (tips) published by us on APOLLO TYRES.

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