UTTAM GALVA STEEL Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving up from strong trend line and 200 DMA, and now stuck in a range bound zone, Strength expecting once Uttam Galva Steel closes above 85.50. (Updated on 18th September 2014, Thursday).

UTTAM GALVA STEEL

• As per chart no1, Uttam Galva Steel is holding its trend line support , by looking closely from last 6 times stock bounced back as soon as it tested it support, as long as stock holds above bulls will be favored. Chart also indicates stock has shown sudden volume increase, this indicates some big action is going to happen in this counter.
• As per chart no2, stock also moved up from strong 200 days moving average even 200 DMA playing an important role, as long as trades above short-long term traders will be favored, If starts trading below then bears may get active. From last 6 time stock bounced back as soon as it tested its 200 DMA.
• Also See - MUTHOOT FINANCE is also moving up from 200 DMA and strong trend line, will favor bulls as long as holds above.
• From last couple of months stock stuck in a range bound zone as show in chart no3 , sharp move expecting once Uttam Galva Steel come out , on upper side will find resistance around 85.50 , if closes and stays above then strong bulls action is expecting. and on upper side will find resistance around 92. Closing and staying above 92 will give another bullish breakout and bull s trend to continue.
• Suggested Article - Investing in penny stocks.
• Intraday tips - Close Watch once Uttam Galva Steel starts trading above 85.50, if holds above 85.50 during trading hours then intraday action is expecting.
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