ALLAHABAD BANK Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock facing strong support at current levels, weakness expecting once stock closes below 112. (Updated on 30th August 2014, Saturday).

ALLAHABAD BANK

• As per previous report published on Allahabad bank stock failed to closed above its range bound zone @ 126 , stock gave some intraday move and fell down after that and still on down move and so far made a low @ 112.50. (Click here to see previous report published on Allahabad Bank).
• Now current chart indicates that stock is facing strong golden ratio support around 112 , once stock closes below 112 and stays below then further weakness is expecting for next few trading days.
• Intraday stock tips , close watch once Allahabad Bank starts trading below 112 during trading hours, and if holds below with volumes then intraday weakess is expecting.
• As per graph no2, stock is moving in a range bound zone, once stock comes out from its range then sharp move is expecting, Technical chart also indicates that stock is trading below 100 days moving average, as long as stock holds below it will be favored by bears, once stock starts trading above 100 DMA it will shown first sign of strength. Chart also indicates that stock earlier made a false bullish breakout, but failed to close above.
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• As per graph no 3, once stock closes below its recent bottom @ 112 and starts trading below then will find next strong support around 103 its 161.8% fibonacci retracement.
• Suggested Reading - RELIANCE CAPITAL trading below its major support, further weakness is expecting.
• As per graph no4, stock is now trading below is long bullish trend line support , by this stock made a bearish breakout and its now showing a sign of weakness.
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RELIANCE CAPITAL Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock close below major support , further weakness expecting as long as trades below 38.2% fibonacci retracement. (Updated on 29th August 2014, Friday).

RELIANCE CAPITAL

• As per previous report published on RELIANCE CAPITAL , stock has shown weakness after breaking its support @ 540 and Ril Cap. made a intraday low @ 527. (Click here to see previous report published on Reliance Capital).
• Now daily chart indicates stock has closed below its 38.2% fibonacci retracement , so as long as stock traded below it support zone it will be favored by bears. And stock will find next support around 508 its 50% fibonacci retracement as shown in chart no1.
• Suggested Reading - TATA COMMUNICATIONS has closed above its golden ratio, Stock will favor bulls.
• As per Technical Chart no2 Reliance Capital is trading below 50 days moving average, so as long as trades below it will be favored by bears. Even stock major trend indicator is moving in -ve zone and also below level zero this indicates we can see some further weakness.
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• As per chart no3, stock is moving in down channel formation, so as long as trading in down formation it will be favored  by bears, Once stock come out from its down formation and breaks it on upper side then sharp up move is expecting.
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CIPLA LTD Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock is now facing strong resistance at current levels, RSI is also indicating stock in overbought zone, Will favor bears as long as trades below 517. (Updated On 29th August 2014, Friday).

CIPLA LTD

• As per previous report published on CIPLA, stock gave a sharp bull rally after breaking in range bound zone,  after breaking its resistance around 463, stock is still on bulls run and so far made a high @ 517 that too in just 8 trading days. (Click here to see previous report published on CIPLA).
• Now as per graph no1, stock is on bull run after breaking its range bound zone, as shown above stock made a bullish breakout.
• As per graph no 2 , stock has now entered in over bought zone as RSI has now entered above level 70, its a sign of caution for bulls and chart also indicates that stock is currently facing 261.8% fibonacci retracement resistance, as long as trades below changes are high that stock can correct, once closes above its resistance @ 517 then further bull move is expecting as long as trades above. Volumes are also decreasing this indicates bulls as so far loosing it grip.
• Intraday trading picks - close watch when stock starts trading above 517, if holds above during market hours then intraday bulls action is expecting.
• Suggested Reading - TATA COMMUNICATIONS closed above its golden ratio, will favor bulls as long as trades above.
• As per candle stick pattern, stock has also formed doji formation, this indicates change of trend, as long ad trading below its candle high @ 517, chances are high stock can see weakness.
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• As per graph no 4, if Cipla falls from current levels then will find strong support around 497, 485,  475, 465.
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TATA Communications Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock closed above its golden ratio resistance, Will favor bulls as long as hold above and Will find next resistance around 393. (Updated on 29th August 2014, Friday).

TATA COMMUNICATIONS

• As per previous report published on TATA COMMUNICATIONS stock gave sharp up move after touching its major support mentioned in previous report. Stock moved up from 336 and so far stock is on bull move and made a high around 380 till now. (Click here to see previous report published on TATA COMMUNICATIONS).
• Now current chart indicates that stock is moving up from 50% fibonacci retracement support zone, as shown in graph no1, This will favor bulls to take stock further up.
• As per graph no2, Stock is also moving up from 100 days moving average , so as long as stock trades above 100 DMA it will be favored by bulls. Even stock major trend indicator "MACD" and "stochastic oscillator" is moving in +ve zone , this indicates that stock can move up from current levels.
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• As per technical chart 3 stock has now closed above its golden ratio resistance 61.8% fibonacci retracement, so as long as it trades above further up trend is expecting. and on upper side will find next resistance around 393 and 412 stock previous top. Chart also indicates Stock gave bull really with good volumes, this indicates bull still have grip in TATA COMMUNICATIONS.
• Suggested Reading - BPCL moving up from strong support , further up trend is expecting as long as trades above.
• As per graph no4, stock weekly chart indicates that it is moving up from 20 weeks moving average, this will favor short -long term traders as long as stock trades above.
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