MAHINDRA CIE AUTOMOTIVE Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving in a range bound zone, sharp up move expecting when Mahindra Cie close above 185.50. (Updated on 01st September 2014, Monday)

MAHINDRA CIE AUTOMOTIVE

• As per previous report published on MAHINDRA CIE AUTOMOVITVE, stock broke its range bound zone on upper side and we have witnessed sharp up move after breaking and stock made a high around 184. (Click here to see previous report published on Mahindra Cie Automotive).
• Now as per current chart no1, MAHINDRA CIE again stuck in a range bound zone, it indicates that same as mention in previous report, sharp move expecting when stock comes out from its range. If closes above 185 then bullish move expecting, if closes below 150 then bearish move is expecting till then stock will zig zag in its range with both bulls and bearsh move.
• Suggested Reading - CUMMINS (I) testing its strong trend line resistance (previous top), will favor bulls once closes above.
• As per graph no2, 50 days moving average is playing an important role in this stock , by looking at graph it indicates that from last 8 times stock bounced back after touching 50 DMA, so as long as stock holds above it will favor bulls but once closes below 50 DMA then stock will show first sign of weakness.
• As per technical chart no3, if stock moves up and closes above its resistance @ 185, then will find next resistance around 205 its 161.8%  fibonacci retracement.
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• As pe graph no4, stock major trend indicator like "MACD" and "Stochastic Oscillator" indicating that they are moving in +ve zone and this indicates that stock price can move up. Even other indicator RSI is moving below 70, this shows that stock is not in overbought zone and further strength can happen. Close Watch.
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CUMMINS INDIA Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock facing strong resistance around 709 its previous top, Cummins India will favor bulls once it closes above 709. (Updated On 01st September 2014, Monday).

CUMMINS INDIA

• As per previous report published on CUMMINS INDIA stock has shown up move after breaking its resistance @ 688 and stock touched its next resistance @ 705, as mentioned in our previous report. (Click here to see previous report published in CUMMINS INDIA).
• Now current chart indicates that stock is still moving in its up channel formation, so as long as stock moving in its channel formation it will be favored by bulls, sharp weakness expecting once Cummins comes out from its channel formation.
• Suggested Reading - CENTURY TEXTILES facing strong golden ratio resistance , will favor bulls once it closes above.
• As per technical graph no2, stock is trading above its 20 days moving average and if holds above 20 DMA then stock will test its upper bollinger band resistance. But once stock closes below 20 DMA it will show first sign of weakness. Close Watch.
• Daily chart also indicates that stock 100 DMA is playing an imp. role in CUMMINS India, from last 5 times stock took 100 DMA support and bounced back, so as long as holds above 100 DMA, short-long term traders are on safer side, but once closes below 100 DMA then a caution signal for long-short term trades. And on upper side stock will find strong trend line resistance around 709, if closes and holds above 709 then Cummins will be again in bulls hand and sharp up move will be expecting as long as holds above 709.
• Intraday Share Tips - Close watch when Cummins (I) starts trading above 709, if holds above 709 during stock market hours then intraday bulls action is expecting.
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• As per graph no4, if stock moves up and closes and stays above 709 then Cummins (I) will find next strong resistance around 780 its 161.8% fibonacci retracement.
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CENTURY TEXTILES Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving up from strong support zone and Century facing golden ratio resistance, further strength expecting once closes above 620. (Updated on 01st September 2014, Monday).

CENTURY TEXTILES

• As per previous report published on CENTURY TEXTILES stock have shown bullish move after breaking its resistance @ 609 and stock touched its resistance (golden ratio @ 618)  as mentioned in our previous report. (Click here to see previous report published on Century Text).
• As per current graph no1 , technical indicates that stock is moving up from golden ratio support this indicates as long as stock holds above 568 it will be favored by bulls, but once stock closes below 568 and stays below then bears will have grip in century text and stock may see some further weakness, but as long as holds above bull have strong grip.
• Suggested Reading - LIBERTY SHOES facing strong golden ratio resistance, will favor bulls once closes above.
• As per technical graph no2, stock has shown some weakness after testing its golden ratio resistance @ 620, this indicates as long as stock stuck between 568 - 620 century text will not show clear direction and , but if stock closes above 620 and holds above then stock will show some further strength for next few trading days. And stock will find next strong resistance around 650 its previous top (mention in graph no 2 and graph no3).
• Intraday trading tips - close watch when century text starts trading above 620, if holds above 620 during trading hours then intraday bulls action is expecting.
• As per graph no3, stock is now testing its long trend line support zone as long as holds above its will favored bull but once stock starts trading below its trend line support then century will show first sign of weakness.
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• As per chart no4, stock has formed doji star (candlestick formation). This usually indicates change of trend and sharp move... Close watch appearing of doji star indicates that sharp move is expecting in coming days in Century Text.
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LIBERTY SHOES Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock facing strong resistance at current , Stock will favor bulls once Liberty will closes above 320. (Updated On 01st September 2014, Monday).

LIBERTY SHOES

• Liberty Shoes is currently facing strong golden ratio resistance at current levels (61.8% fibonacci retracement), charts indicates once stock closes and stays above it resistance @ 320 then bulls will get active once again and further strength is expecting. Once closes above 320 stock can be bulls grip for next few trading days, as shown in graph no1.
• Intraday Stock Tips - Close watch once Liberty Shoes starts trading above 320, if holds above 320 during market hours then intraday bulls action is expecting.
• As per graph no2, stock is trading above 20 days moving average this will favor bulls, and also testing upper bollinger band resistance once breaks BB resistance then strength is expecting as per Bollinger Band analysis.
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• As per graph no3, 50 days moving average is paying a important role in Liberty shoes, by looking at chart closely stock took 50 DMA support from last 2 times and stock bounced back, this time also stock testing 50 DMA,  as long as holds above this will favor bulls, but once Liberty closes below 50 DMA then stock will show first sign of weakness and bulls needs to be caution.
• Suggested Reading - ALLAHABAD BANK is moving in a range bound zone, sharp move expecting once ALBK comes out.
• As per graph no4, Liberty Weekly chart indicates that from last 4 weeks stock witnessed selling from higher level, as per candlestick pattern, once stock closes above its previous candle high in weekly chart then this will favor short -long term bulls. Close Watch.
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