MARUTI YDYOG Stock Tips- Selling in stock from its major resistance. (Updated On 09th July 2014, Wednesday).

• MARUTI gave a intraday selling as per our previous report (Click here to see).
• Now daily chart indicates stock coming down from its 161.8% fibonacci retracement resistance, bulls need to close above this resistance for further up move till then stock can see further selling.
• Weekly chart also indicates stock coming down from 261.8% fibonacci retracement resistance, short term trend will not favor bull till stock closes above its resistance zone.
• If stock corrects further from current levels then will find strong support at 20 days moving average around 2510.

ALEMBIC PHARMA Tips On Share - Stock facing strong trend line resistance around 321 in weekly and daily chart. (Updated On 14th July 2014, Monday).

• ALEMBIC PHARMA facing strong trend line resistance in daily chart , so far stock witness strong selling as soon as it reaches its resistance, Close Watch chart indicates if stock closes above 321 with volumes and it must stays above then stock will favor bulls and bulls can take this stock higher. Intraday close watch once stock starts trading above 321 can see some action.
• Weekly charts also indicates the same , stock testing is previous top resistance and witnessing selling, Closing above its previous top with volumes and if stays above then stock looking good for short term trade. 
• Weekly chart indicates stock if stock made a bullish break out then find strong 161.8% fibonacci retracement resistance around 370, as shown above.

MCX Stock Analysis - Stock made a bullish breakout in daily charts, Will favor bulls. (Updated On 14th July 2014, Monday).

• MCX (MULTI COMMODITY EXCHANGE) had made a bullish breakout in daily chart , Technical indicates as long a stock holds above its trend line stock will favor bull, Previous resistance will now act as a major support for MCX as shown above in image 1.
• (Short term trading view) - Weekly chart indicates stock is taking strong support of its 20 weeks moving average and now trading above , which indiciates that short term trend will favor bulls as long as stock trades above its moving average. On Upper side stock will test its 38.2% fibonacci retracement resistance around 760.
• Monthly chart indicates stock now closed above and is now trading above its 23.6%  fibonacci retracement resistance , will favor bulls in monthly chart too,  Stock will now test its 38.2%  fibonacci retracement resistance around 760 as per monthly chart.
• Stock Was On News 08/07/14 - Billionaire investor Rakesh Jhunjhunwala purchased nearly 2% stake in commodity bourse MCX for over Rs 66 crore, as its erstwhile promoter  FTIL diluted its holding from 26 percent to 24 percent. According to information available with the stock exchanges.

TATA STEEL Stock Tips - Stock indicating weakness , may correct further. (Updated On 09th July 2014, Wednesday).

• (1-2 Days Trading Idea) - TATA STEEL broke its fibonacci fan line support chart indicating weakness as long as stays below.
• (Short Term idea) - Weekly chart indicates stock is now trading below its 23.6% fibonacci retracement support level, and stock may correct further if TATA Steel stays below its support zone, If fall from current level , stock will find next strong support around 487 (38.2% fibonacci retracement).
• (Long Term Trading Idea) - Monthly chart indicates stock is failed to close above its golden ratio, and bulls also looses interest in the end of month and stock fell from month high. So far its a sign of weakness , TATA Steel must close above its golden ratio in monthly chart for long term trend to turn bullish again.