UNITECH LTD Free Stock Tips - Stock facing strong support at current levels, Will favor bulls as long as hold above 24.50. (Updated On 16th July 2014, Wednesday).

• UNITECH LTD facing strong trend line support and 50%  fibonacci retracement support at current levels, chart indicates stock closed with small bullish candle. As long as stock holds above 24.50 will favor bulls.
• And if stock closes below 24.50 and stays below then further selling expecting in Unitech Ltd.
• Daily chart also indicates stock took support of  fibonacci fan and  fibonacci arc as shown above As long as stock holds above 24.50 will favor bulls.
• If stock moves up from current levels then will find resistance around 28, 30, 31.75 & 33.50 as shown above.

SHREE RENUKA SUGAR Free Share Tips - Stock moving up from support, As long as trades above will favor bulls. (Updated On 21st July 2014, Monday).

• SHREE RENUKA SUGARS moving in a up channel in daily chart , and stock now moving up from trend line support as shown above, close watch chart indicates stock looking bullish as long as stock holds above 22.75.
• Once closes below 22.75 further selling expecting.
• Daily chart also indicates stock moving up from 100 days moving average, this will favor bulls to move stock upwards.
• Weekly chart indicates stock is moving up from golden ratio 61.8% fibonacci retracement support and 20 weeks moving average, as long as stock hold above 22.75 will favor bulls.

BHARAT FORGE Share Tips - Stock moving up from strong support, Further buying expecting If closes above previous top as per technical analysis. (Updated On 16th July 2014, Wednesday).

• As per previous post published on Bharat Forge , Stock gave a strong up after breaking 654. (Click here to see previous report on Bharat Forge).
• Now Chart Indicates Stock is moving up from strong support and now finding previous top resistance around 685, Once Bharat Forge closes above 685 and stays above then stock will favor bulls.
• Can see some intraday action in Bharat Forge once stock starts trading above 685 with volumes. Close Watch.
• Daily chart also indicates if stock moves up from current levels then will find 161.8%  fibonacci retracement resistance around 725.
• Weekly chart also indicates stock is moving up from 23.6%  fibonacci retracement (as shown above) this will favor bulls to move stock up. Close Watch.

NYMEX CRUDE OIL Technical Analysis - CRUDE Oil facing strong support at current levels, and also entered in oversold zone. (Updated On 15th July 2014, Tuesday).

• NYMEX CRUDE OIL is facing strong trend line and 200 days moving average support at current levels, which indicates Crude oil can move up from current levels as we have witnessed strong selling from 108 levels.
• Daily chart also indicates Crude is now entered in oversold zone which indicates Crude can bounce back from current levels, its a sign of caution for bears.
• Daily chart indicates if Crude oil moves up from current levels then on upper side will find strong fibonacci retracement resistance around 102, 103, 104 & 105. Close Watch.

ADANI POWER Stock trading tips - Stock stuck in a range bound zone, Selling expecting below 56. (Updated On 15th July 2014, Tuesday).

• ADANI POWER hourly chart indicates stock is coming down from 50%  fibonacci retracement resistance and now finding support 56, if stock starts trading below 56 and stays below then we can see some intraday action in Adani power.
•  As long as hold above 56 stock will favor bulls.
• Daily chart indicates stock stuck in a range bound zone of 68 - 56 , once stock comes out from its range then sharp move is expecting, as long as trades in between 68 - 56 - stock daily trend is not clear.
• Daily chart also indicates Adani power is trading below 50 days moving average , this will favor bears once stock closes below 56.
• If stock falls from current levels then will find golden ratio 61.8% fibonacci retracement support around 54. Close Watch.

STEEL AUTHORITY OF INDIA (SAIL) Share Tips - Stock facing strong support at current level, Can see some bull action if hold its support, as per Technical Analysis point of view. (Updated on 15th July 2014, Tuesday).

• STEEL AUTHORITY OF INDIA (SAIL) moving up from strong Support (81) fibonacci arc and trend line as per daily chart. Which indicates as long as stock trades above will favor bulls, And If stock closes below 81 then we can see further weakness in SAIL.
• Daily chart also indicates stock is facing 100 days moving average support, as long as SAIL trades above will favor bulls.
• If stock moved up from current levels then on upper side will find strong trend line resistance around 93. Close Watch.

SIEMENS Ltd Share Tips - Stock is finding strong support at current levels after selling from resistance as per technical analysis point of view. (Updated On 15th July 2014, Tuesday).

• As per our previous report on Siemens, stock failed to close above its resistance 1003 and fell down from resistance. (Click here to see previous report on Siemens).
• Now daily chart indicates stock is now facing strong support at current levels (trend line and fibonacci fan support around 842). As long as stock holds above it support zone will favor bulls and selling is not safe, But if stock closes below support zone (842) then further selling expecting in Siemens. Close Watch.
• Weekly chart also indicates Siemens is trying to move up from support as shown above, Previous resistance is now acting as a major support for Siemens. This will favor bulls to move stock up from current levels.
• Daily Chart indicates if stock moves up from current levels then will find fibonacci retracement resistance around 882, 904, 926, 945. Breaking these resistance will give some bull action by siemens.

ITC LTD Share Tips - Stock facing strong resistance around 350 as per technical analysis point of view. (Updated On 21st July 2014, Monday).

• As per previous report published on ITC, stock failed to break it strong support zone and took support and moved up. (Click here to see past report on ITC LTD). 
• Now daily chart indicates stock in now facing strong trend line resistance and fibonacci arc resistance around 350, Once ITC closes above its resistance zone and stays above then can see some further up move for next 1-2 days.
• Intraday close watch on ITC once starts trading above 350, if stays above then can see come intraday action.
• Daily chart also indicates stock is also facing 50% fibonacci retracement resistance, if closes above its resistance zone and stays above then can see some further up move for next 1-2 days.
• Weekly chart indicates ITC gave a false bearish breakout and after that it again moved up to its strong trend line support zone , this will favor bulls. Close Watch.