GUJRAT PIPVAV PORT moving in up channel formation, further price rise can be seen.

GUJRAT PIPAVAV PORT

• Stock moving in a up channel formation, chart indicates further price rise can be seen as long as stock moving in a up pattern.
• Stock also moving up from 50 days moving average, as long as holds above bulls will be favored... On upper side stock will find trend line resistance around 183.50. Once it closes and holds above 183.50 then bulls run can be seen.
• Technical chart also indicates that stock is moving up from previous resistance which is now acting as a major support. Stock also indicates that Once stock holds above 183.50 then will find next resistance around 197 as shown above in chart no3.

Sharp movement expecting in PNB... Stock formed triangle formation.

PUNJAB NATIONAL BANK

• Stock has formed triangle formation in daily chart, chart indicates sharp movement expecting in coming days.. on upper side we can see some sharp up move once stock closes and holds above 970.
• Once stock closes and holds above 970 then PNB will find next strong trend line resistance around 1014, 1038 and 1068.
• Chart also indicates stock is moving up from 200 days moving average, as long as stock holds above short-long term traders will be favored. Close Watch.

ADANI ENTERPRISES formed triangle formation, sharp movement expecting in coming days.

ADANI ENTERPRISES

• Stock moving up from 200 DMA, chart indicates as long as stock holds above bulls will be favored.
• Technical charts also indicates stock has formed triangle formation, this indicates once stock comes out from its formation sharp movement is expecting.
• As per fibonacci retracement studies stock is facing golden ratio resistance @ 494, once stock closes and holds above 494 further price rise can be seen. Close Watch.

MARUTI UDYOG technical view, stock bullish above 3350.

MARUTI SUZUKI

• Stock is holding strong above 3240 its 161.8% fibonacci retracement, chart indicates as long as holds above 3240 bulls will be favored.
• Stock also moving up from 23.6% fibonacci retracement, bulls will be favored.
• Maruti also trading above 10 DMA, intraday trades will be favored once maruti breaks 3350, If closes and holds above 3350 then further price rise can be seen. Close Watch.
• Also See - Nifty futures technical view point with trading levels.