JET AIRWAYS facing strong support at current levels, weakness expecting if breaks.

JET AIRWAYS

• Stock facing 20 days moving average at current levels, chart indicates as long as stock holds above bulls will be favored once it holds below bears will be favored.
• Stock also facing 38.2% fibonacci retracement support, bear will be favored once it breaks and closes below.
• Even stock major trend indicator "MACD" is now moving in negative zone this will bears bears.

BHARAT FORGE moving up from strong support, resistance around 928 and 950.

BHARAT FORGE

• Stock is moving up from 100 days moving average, chart indicates as long as stock holds above bulls will be favored.
• Stock is also moving up from strong trend line support zone @ 841, this will be favored by bulls.
• On upper side stock will find trend line resistance around 928 and 950 (levels as per fibonacci retracement).

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.

INDIAN BANK on the verge of bullish breakout @ 210.

INDIAN BANK

• Stock moving up from strong trend line support zone, this indicates stock will be favored by bulls.
• Stock is also moving up from 50 days moving average, chart indicates as long as stock holds above bulls will be favored.
• On upper side stock will find trend line resistance around 210.
• Even stock showed good volume with increasing price, this indicates bulls are currently active.
• Even stock major trend indicator "MACD" is now moving in positive zone this indicates further price rise can be seen.