VIP INDS moving up from 200 DMA, will now find trend line resistance around 122.50.

VIP INDS

• Stock moving up from 200 DMA, this indicates bulls will be favored as long as stock holds above.
• On upper side VIP will find trend line resistance around 122.50, this indicates that once it closes and holds above 122.50 then further price rise can be seen and above 122.50 will find next trend line resistance around 126.
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FINANCIAL TECHNOLOGIES moving in a range, sharp movement expecting once stock comes out.

FINANCIAL TECHNOLOGIES

• Stock currently coming down from strong trend line resistance zone, this indicates as long as stock trades below bears will be favored.
• Technical chart also indicates that Financial Technologies currently stuck in a range bound zone, this indicates that sharp movement expecting once it comes our from its formation, down side will find support around 195. Close Watch.
• Even stock major trend indicator "MACD" is moving in -ve zone this indicates bears will be favored. Close Watch.

APOLLO HOSPITALS made a bullish breakout, bulls will be favored.

APOLLO HOSPITALS

• Stock moving up from 50 DMA, and so far holding above this indicates bulls will be favored.
• Current chart indicates that Apollo Hospitals has closed above it major resistance zone hence made a bullish breakout, as long as stock holds above bulls will be favored. Previous resistance will now act as as major support for Apollo Hospitals.

BPCL facing 38.2% fibonacci retracement resistance around 691.50, will favor bulls once it closes and holds above.

BPCL

• Stock moving up from strong trend line support zone, this indicates bulls will be favored.
• BPCL chart also indicates that stock is now finding strong fibonacci retracement resistance around 691.50, once it closes and holds above 691.50 then further price rise can be seen in coming days. Close Watch.
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