TATA EXLSI INDIA Free Share Market Trading Tips - Stock on the verge of bullish breakout above 647 as per technical analysis point of view. (Updated On 18th July 2014, Friday).

• TATA ELXSI (I) moving up from 20 days moving average and 38.2%  fibonacci retracement support as shown above, close watch daily chart indicates as long as stock holds above TATA ELXSI will favor bulls.
• Daily chart also indicates stock is facing strong trend line resistance around 647, If stock holds above and closes above 647 then further up trend is expecting. Above 647 stock will find next resistance around 668.50.
• Intraday close watch once Tata Elxsi starts trading above 647 can see some action.
• Monthly chart indicates stock is facing 261.8% fibonacci retracement resistance around 668.50, once closes above stock looking good for short-long term traders.

IL&FS TRANSPORTATION NETWORKS LTD Share Trading Tips - Bullish breakout in daily chart , further buying expecting as long as holds above as per technical analysis point of view. (Updated On 18th July 2014, Friday).

• As per previous report published on IL&FS TRANSPORTATION, stock gave a strong up move after breaking its strong trend line resistance of 228, 231, Stock made a intraday high of 242.50. (Click here to visit previous report on IL&FS).
• Now daily chart indicates stock made a bullish breakout as closed above its previous top, previous top will now act as major support, a long as holds above further up move is expecting.
• Weekly chart indicates stock is now trading above major resistance if closes above in weekly chart then short term trend is looking bullish.
• Monthly chart indicates stock is now trading above 50% fibonacci retracement if holds above then will find golden ratio fibonacci retracement resistance around 255.

HANG SENG INDEX Trading Tips - HSI facing strong trend line resistance at current levels,Further buying expecting if breaks its resistance as per technical analysis point of view. (Updated On 21st July 2014, Monday).

• HANG SENG INDEX moving up from strong trend line support in daily chart, and now facing strong trend line resistance at current level (as shown above). Chart indicates index will find strong resistance between 23500 - 23750. once closes above its resistance level and stays above then further buying is expecting in Hang Seng Index.
• Weekly chart indicates index is moving up from 23.6% fibonacci retracement support zone as shown above this will favor bull to take index up as long as it holds above its support zone.
• Daily chart also indicates if Index moves up from current level then on upper side will fing strong fibonacci retracement and trend line resistance between 24100 - 24150. Close Watch.
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US GOLD (COMEX) Trading Tips - GOLD facing strong support at current levels, can see some bull action as per Technical analysis point of view. (Updated On 17th July 2014, Thursday).

COMEX - GOLD

• COMEX GOLD facing strong 50% fibonacci retracement and 50 days moving average support at current levels , technical chart indicates gold looking bullish as long as holds above 1291.
• If gold fails to take this support and closes below 1291 then can see further selling and gold will find next strong support around 1280, 1260 & 1240.
• Daily chart also indicates gold is the process of forming Triangle formation, which indicates once gold comes out from its formation on either side then will give sharp move. Close Watch.

NYMEX CRUDE OIL Trading Tips - CRUDE OIL moving up from strong trend line support, further up move is expecting as per Technical Analysis charts. (Updated On 17th July 2014, Thursday).

• As per previous report on NYMEX CRUDE OIL - (CO ) failed to took support of 100.22 and fell down to its next support level around 99. (Click here to view previous report on CRUDE OIL).
• Now technical chart indicates CRUDE OIL moving up from strong trend line support zone and also trading above 200 days moving average, this will favor bulls to take price further up.
• If failed to take this trend line support and fells down then will face next support zone around 97.50.
• Daily chart also indicates Crude oil`s RSI was trading below 30pts , indicating over sold, which has now move up.
• If Crude Oil moves up from current levels then will find strong fibonacci retracement resistance around 102.50, 103.50 & 104.50. 

ICICI BANK Share Market Tips - Stock facing strong trend line resistance around 1468 in hourly chart as per technical analysis point of view. (Updated On 17th July 2014, Thursday).

• As per previous report published on ICICI BANK stock gave good selling after breaking its support of 1372 and touched its 38.2%  fibonacci retracement support zone. (Click here to read previous report on ICICI BANK).
• Now hourly chart indicates stock is facing strong trend line resistance around 1468, once ICICI BANK starts trading above 1468 and stays above then can see some intraday action.
• Daily chart indicates ICICI BANK is moving up from 38.2% fibonacci retracement and also trading above 100 days moving average this will favor bulls as long as stock trades above its suppot zone.
• Daily chart also indicates stock will find resistance around 1468, 1490 & 1510. Closing above these levels will take stock further up.

KPIT TECHNOLOGIES Free Share market tips - Stock facing strong trend line resistance around 191, further buying expecting once closes above as per technical analysis point of view. (Updated On 21st July 2014, Monday).

• As per our previous report published on KPIT TECHNOLOGIES, stock gave a strong intraday move above 185 and touched its resistance @ 189. (Click here to read our previous report on KPIT TECHNOLOGIES).
• Now daily chart indicates KPIT TECHNOLOGIES moving up from strong fibonacci fan support zone , stock is now facing strong trend line resistance around 191, if closes and stays above then further buying expecting in KPIT for next 1-2 days
• Intraday close watch once stock starts trading above 191, can see some intraday action if stays above.
• Daily chart also indicates stock is moving up from 20 days moving average as long as stays above will favor bulls.
• If stock moves up from current levels then will find next strong trend line resistance around 191 and if closes above 191 and stays above then will find 161.8% fibonacci retracement resistance around 207 , as shown above.
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