KOTAK MAHINDRA BANK share tips, will favor bulls above 1093.50.

KOTAK MAHINDRA BANK

• KOTAK MAHINDRA BANK facing strong trend line resistance around 1093.50, technical chart indicates once closes and holds above 1093.50 then bulls will be favored.
• Stock also moving up from 100 DMA, this will favor bulls. By looking closely at chart no.2, 100 DMA playing and imp. role in this stock, as stock moving up from 100 DMA from last 3 times.
• If stock closes and holds above 1093.50 then will find next strong resistance around 1150. Close Watch.

COAL INDIA trading pick, Stock looking bullish above 366.50.

COAL INDIA

• COAL INDIA moving in a down channel formation, chart indicates as long as trades in between its pattern bears will be favored , but once it come out from its down pattern then sharp up move is expecting.
• Technical chart also indicates that COAL is facing 100 DMA resistance around 366.50, bulls will be favored once it closes and starts trading above.
• Stock also facing golden ratio 61.8% fibonacci retracement resistance around 366.50, further price rise can be seen once stock closes and holds above its golden ratio resistance. Close Watch.

CIPLA LTD Stock Trading Recommendations

CIPLA LTD

• Stock moving up from 23.6% fibonacci retracement support zone this will favor bulls, Upper side cipla will find resistance around 639, Once closes and holds above 639 then further price rise can be seen.
• Stock also moving up from 50 days moving average, as long as holds above bulls will be favored.
• Once stock close above 639 then Cipla will find next strong resistance around 680 (161.8% fibonacci retracement).

BHARTI AIRTEL trading tips - Stock looking bullish above 420.

BHARTI AIRTEL

• Stock is trading above its golden ratio resistance zone, this indicates as long as trading above golden ratio bulls will be favored.
• Stock also moving up from 100 DMA this too will favor bulls. On upper side will find strong trend line resistance around 420, once closes and holds above 420 then further price rise can be seen.
• Once stock closes above 420 then Bharti airtel will find next strong resistance around 444 (161.8% fibonacci retracement).