SHRI RAM TRANSPORT FINANCE Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock is trading above its triangle formation, this will favor bulls, further strength expecting once stock closes above 943.50. (Updated On 21st August 2014, Thursday).

SHRI RAM TRANSPORT FINANCE

• SR TRANS FIN  has formed triangle formation in daily chart, and stock has come out from its formation and gave a long bull candle, but stock got stuck on its trend line resistance around 943.50, chart indicates once stock closes above 943.50 and holds above then stock looking bullish for next 1-2 trading days.
• Intraday close watch once stock starts trading above 943.50, if holds above its resistance during trading hours then intraday bulls action is expecting.
• Suggested Reading - ITC LTD facing 100 DMA support, weakness expecting if stock closes below.
• As per graph no 2 stock is trading above golden ratio resistance, as long as stock trades above it will favor bulls and further strength expecting once stock closes above 943.50,  Above that stock will find next strong resistance around 970 and 1020.
• As per graph no3 stock is currently moving up from 100 days moving average , this indicates as long as stock holds above it will favor bull, but if closes below 100 DMA then bears can get active once again. Close Watch.
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ITC LTD Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock facing strong moving average and fibonacci retracement support, Weakness expecting once ITC closes below 343. (Updated On 21st August 2014, Thursday).

ITC LTD

• As per previous report published in ITC stock gave a sharp up move after breaking its resistance @ 350 and after that stock made a high around 364. (Click here to see past report published on ITC LTD).
• Now daily chart indicates that stock is facing strong 38.2% fibonacci retracement support around 343, once stock closes below 343 and stays below then will find next support around 336 its 50% fibonacci retracement as shown in graph no1.
• Intraday close watch once stock starts trading below 343, if holds below then intraday weakness is expecting in ITC.
• Suggested Reading - EXIDE INDS moving in a up channel formation, will favor bulls once closes above its trend line resistance @ 170.
• As per graph no 2, technical indicates that stock is finding strong 100 days moving average support at current levels, once stock closes below 100 DMA then will favor bears and stock can come down.
• As per graph no 3, stock major trend indicator "'MACD" and "Stochastic Oscillator" is moving in a -ve zone, and by looking at ITC chart it indicates that down move is pending and if stock breaks its support then weakness is expecting. Close watch.
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EXIDE INDS Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving in a up channel formation, stock to favor bulls, further strength expecting once stock closes above 170. (Updated on 21st August 2014, Thursday).

EXIDE INDS

• As per previous report published on EXIDE INDS stock touched its resistance @ 151, after breaking 145. (Click here to see previous report published on EXIDE INDS).
• Now daily chart indicates stock is moving in a up channel formation this indicates as long as stock moves in its channel formation it will be favored by bulls, chart also indicates stock will find strong trend line resistance around 170, once Exide closes and stays above 170 then stock will favor bulls for next few trading days.
• Intraday close watch once stock starts trading above 170, if holds above in intraday then bulls action is expecting.
• Suggested Reading - JSW HOLDINGS moving in a range bound zone , sharp move expecting once stock comes out from its range.
• As per graph no 2 stock is moving up from 50 days moving average as long as stock holds above bulls will be favored once stock closes below 50DMA then Exide will show first sign of weakness.
• If stock moves up from current levels and closes and stays above 170 then will find next strong resistance around 178 its 161.8% fibonacci retracement, as shown in graph no3.
• By looking at weekly chart in graph no 4 it indicates that stock is currently facing strong trend line and fibonacci retracement resistance once closes above 170 in weekly chart then stock will favor short-long term traders. Close Watch.
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JSW STEEL Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock made a bullish break will favor bulls, On upper side will find resistance around 1308, 1325. (Updated On 21st August 2014, Thursday)

JSW STEEL

• As per previous report published on JSW STEEL, stock gave a sharp move after breaking its golden ratio resistance @ 1237 and after that stock made a high around 1300. (Click here to see past report published on JSW SEEL).
• Now daily chart indicates stock gave a sharp move after breaking its resistance, Now stock will find strong resistance around 1308 and 1325, if stock closes and stays above 1325 then sharp up move is expecting for next few trading days.
• Intraday close watch once stock starts trading above 1308 if holds above 1308 during market hours then intraday bulls action is expecting in JSW STEEL.
• Suggested Reading - JSW HOLDINGS moving in a range bound zone , sharp move expecting once stock comes out from its range.
• As per graph no 2, stock is moving up from 50 days moving average , this indicates as long as stock holds above it will be favored by bulls , once closes below 50 DMA then it will give first sign of weakness. Close Watch. Technical also indicates that stock major trend indicator "MACD" is now moving in a +ve zone and also moving above level 0 this indicates to can move  up further.
• As per graph no3, If stock closes and stays above its previous top then bulls will get active, and if moves up then stock will find next strong resistance around 1440 its 161.8% fibonacci retracement. Close Watch.
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