YES BANK Stock Tips - Stock on the verge of bearish breakout below 502 in daily and hourly chart as per Technical Analysis. (Updated On 14th July 2014, Monday).

• YES BANK is witnessing selling in hourly chart from its 61.8% golden ratio fibonacci retracement , stock is now facing trend line support around 502, which indicates once Yes bank starts trading below 502 with volumes and stays below then some intraday action is expecting.
• Daily chart indicates stock is now trading below 23.6% fibonacci retracement with will favor Yes bank bears, and stock also facing small trend line support at current levels as shown above , If Yes Bank closes below its trend line support zone (502) and stays below then stock looks weak for next 1-2 trading days.
• Daily chart also indicates stock is trading below 50 days moving average, as long as stock trades below stock will favor bears.

ICICI BANK Stock Tips - Stock on verge of bearish breakout below 1372, Coming down from resistance. (Updated On 11th July 2014, Friday).

• ICICI BANK coming down from golden ratio fibonacci retracement resistance and now facing support around 1372, Close watch once stock closes below 1372 and stays below then can see further weakness, Intraday we can see some action once stock starts trading below 1372, close watch.
• Daily chart also indicates ICICI BANK is trading below 23.6% fibonacci retracement and indicating weakness and will find next 38.2% fibonacci retracement support around 1340.
• Chart also indicates stock is trading below 50 days moving average as long as trades below stock will favor bears.

MCX GOLD 1 KG Technical Analysis - Gold trading above golden ratio , will favor bulls. (Updated On 14th July 2014, Monday).

MCX GOLD 1 KG

• As per our previous post published on 10th July 2014, MCX GOLD made a strong up move after breaking its resistance. (Click here to see our past report on MCX GOLD).
• Daily chart indcates GOLD is now trading above 60% fibonacci retracement (golden ratio), as long as trades above gold will favor bulls and can test its nearest top around 29000.
• Daily chart also indicates if gold moves up then will find strong trend line and 200 days moving up average around 29000. Only closing above its resistance will give further clear bull rally.
• Weekly chart indicates stock trading above 23.6% fibonacci retracement and will we facing strong resistance around 29300. (38.2% fibonacci retracement & 50 weeks moving average).

Tips On Share

MCX NATURAL GAS Technical Chart - NG finding strong trend line support at current levels, Hope line for bulls. (Updated On 14th July 2014, Monday).

MCX NATURAL GAS

• MCX NATURAL GAS facing strong trend line support at current levels  (253 & 245), Once NG closes below its support line then stock will favor bears as long as trades below.
• Daily chart also indicates NG is trading below 200 days moving average, another sign for weakness.
• Weekly chart indicates , NG  is now trading below 50 weeks moving average and its strong trend line support zone, if closes below then short term trend will favor bears and will find next strong support around 210, 192 & 169.