Pipavav share price and stock market tips - Stock has closed above its previous top in weekly chart - updated for 28th December 2015, Monday

PIPAVAV DEFENCE AND OFFSHORE

Weekly chart of Pipav indicates that it has closed above its major resistance hence showed a bullish breakout signal.

Its previous resistance will now act as a major support, as long as stock holds above 98.50 bulls will be favored and further price rise can be seen in coming days.

If stock moves up further then it will find strong resistance around 120 as shown in above image.

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Stock also moving up from 50 weeks moving average.

Its major indicator MACD and slow stochastic is moving in +ve zone this will favor bulls but RSI has entered in overbought zone this shows a sign of caution.

On December 24, 2015 Pipavav share price was closed at 100.25.

Stock was on new in various online sites :- 

According to reports, the Ministry of Defence has initiated various policy measures to address the concerns of the industry for ease of doing business. Provisions have now been made with intent to provide greater flexibility to the vendors in offset contracts and reinstatement of services as an avenue for discharge of offset obligations and level playing field to Indian vendors in Capital acquisitions.

Petronet share price chart and stock forecast - Stock moving in a range bound zone and finding support around 237.50 - updated for 28th December 2015, Monday

PETRONET LNG

Petronet share price chart indicates that it is moving in a range bound zone technical indicates as long as it moves in between its range trend will be mix with no clear direction, sharp movement can be seen once it comes out from its range bound pattern.

Upper side Petronet will find resistance around 247.50 and support around 237.50.

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Above technical image also indicates that it is finding 20 dma support from bollinger band this indicates as long as stock holds above 20 DMA line bulls will be favored and bears will be favored once it starts trading below 20 DMA.

Stock trend indicator is moving in -ve zone this indicates as long as they stays -ve weakness can be seen in coming days.

On December 24 Petronent LNG share price closed at 240.55.

ONGC share price chart and stock tips - Stock witnessing selling pressure from resistance @ 240 - updated for 28th December 2015, Monday

ONGC CORPORATION

Above technical chart of ONGC indicates that it is witnessing selling pressure from strong trend line resistance zone @ 240, as long as it holds below bears will be favored and stock may see some further weakness in coming days.

Stock also witnessing selling pressure from 50 DMA this will favor bears.

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Bulls action can be seen once stock closes and holds above its resistance zone @ 240.

So far stock major trend indicators are moving in +ve zone once they turned -ve then selling pressure may happen in ONGC corporation.

On 24th December 2015, Thursday ONGC share price was closed at 234.25.

Mangalore chemicals and fertilizers share price chart showing bullish candlestick pattern - updated for 28th December 2015, Monday

MANGALORE CHEMICALS AND FERTILIZERS LTD

Stock has formed long bullish candlestick pattern in daily chart technical indicates bulls will be favored and further intraday price rise can be seen once stock holds above its yesterdays high @ 49.65.

Stock also moving up with sudden increase in volumes this will favor bulls and further action can be seen in coming days.

If stock moves up further then on upper side will find next strong resistance around 52.30 as shown in above technical image.

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Stock major trend indicator "MACD" and "slow stochastic" is moving in positive zone this indicates further price rise is expecting in coming days.

RSI indicator is on the verge of entering in overbought zone, as sign of caution will be generated once it holds above 70 levels.

On Thursday, December 24th 2015, Mangalore chemicals and fertilizers share price closed at 47.70.