BALAJI TELEFILMS chart update: Dated 19th May 2014 (Monday).

• BALAJI TELEFILMS has formed up channel formation in hourly chart.
• Stock also trading above its 20 hours moving average, if stays above then will favor bulls.
• Stock also closes above its major resistance zone in weekly chart, close watch as long as stays above balaji telefilms will favor bulls.
• Check out some of interesting article published by us - How the stock market works.

• 
  

List of Stock Given Fresh Buy Or Sell Signal on closing bases In TREND SIGNALS on 16th May (Friday).

Check out our TREND Signals chart that has given fresh  buy and sell signal on 16th May 2014 on closing bases

Stock given fresh buys

1. Bharti Airtel
2. Dish Tv

Stock Given Fresh Sell

1. NSE India VIX
2. Arvind Mills
3. HCL Technology
4. Wipro Ltd.

Visit link to see charts http://fi-advisor.com/trend-signals.html

SUZLONG ENERGY to test its resistance around 15.50. Dated:16th May 2016 (Friday).

• SUZLON ENERGY will be testing its resistance around 15.50 in hourly chart, we can expect to bulls to get active in suzlon energy once stock starts trading above 15.50.
• Stock also trading above 200 hours moving average, as long as stays above, stock will favor bulls.

CNX IT FUTURES heading for strong support @ 8920 in hourly chart. Dated:16th May 2014 (Friday).

• CNX IT FUTURES facing strong support around 8920 in hourly chart.
• Stock also trading below 200 hours moving average, will favor bears as long as trades below.
• On down side CNX IT will find major support around 8700, 8170 as shown above in chart.

DLF moving in an UP CHANNEL formation in hourly chart. Dated:16th May 2014 (Friday).

• DLF moving in a up channel formation , stock must breaks its formation on any side for some intraday action.
• On upper side stock will face its trend line resistance around 185 and 187.

FTSE 100 Index stuck in a range with false breakout. Dated:16th May 2014 (Friday).

• FTSE 100 index stuck in range from last few months and stock had given some false breakout.
• Again stock is coming down with false breakout.
• FTSE must start trading above its range with volumes to give clear bullish signals.
• If falls from current levels stock can test 20 days moving averge support as shown above.

US GOLD has formed descending triangle formation. Dated:16th May 2014 (Friday).

• US GOLD has formed descending triangle formation, once breaks its triangle on down side will favor bears.
• Stock also trading below 50 days moving average, so far will favor bears, Gold must starts trading above 50 days moving average to give some bullish signals.
• Stock also coming down from 2nd fibonacci retracement levels indicates bears are active.
• Visit link for list of nse holiday for year 2014.

BANK OF AMERICA trading below its major support. Dated:16th May 2014 (Friday).

• BANK OF AMERICA has come out from its up channel formation, stock indicates weakness.
• Stock also trading below its 200 days moving average.
• Moreover stock also trading below its previous resistance zone.
• Stock has also come down below its 1st fibonacci retracement support zone, will find next support around 13.
• All indicators inddicates weakeness in bank of america, close watch
• Visit article from our collection - How to multiply your investment