TORRENT POWER chart update, stock looking bullish if closes above 173.50.

TORRENT POWER

• Stock will find strong resistance around 173.50 (its previous top), bulls will be favored once it closes and holds above 173.50.
• As per weekly charts, stock is moving in a up channel pattern, as long as moving in between its pattern bulls will be favored.
• If Torrent power bulls get active above 173.50 and stock moves and holds above 173.50 then stock will find next strong resistance around 200 as shown in chart no3.

UFLEX stock analysis, stock looks bullish once closes above its previous top @ 171.

UFLEX

• Stock moving up from strong trend line support and will now find resistance @ 171. Stock will favor bulls once it closes and holds above 171.
• Stock also moving up from 50 DMA..... from last 4 times stock bounced back from 50 DMA so this moving average playing an imp. role in Uflex, close watch.
• If bulls get active in uflex above 171 and if it holds above 171 then will find next resistance around 187 its 161.8% fibonacci retracement. Even stock major trend indicator MACD is moving in +ve zone... this indicates further price rise can be seen.

BANK OF BARODA stock analysis, Strong trend line resistance @ 966.

BANK OF BARODA

• Stock moving up from strong trend line support and now finding trend line resistance around 966, further price rise can be seen once stock close and holds above 966.
• Stock also moving up from golden ratio support zone and stock major indicator "MACD" is moving in +ve zone this will favor bulls.
• If stock moves up from its resistance @ 966 then will find next strong resistance around 1009.

AMBUJA CEMENTS chart update, On the verge of breakout above 228.50.

AMBUJA CEMENTS

• Stock facing strong 61.8% fibonacci retracement resistance (golden ratio) around 228.50, stock will favor bulls once it closes and holds above 228.50.
• Stock also moving up from 200 DMA , as long as holds above short-long term traders will be favored.
• If stock holds above 228.50, then will find next strong trend line resistance around 244 as shown above in image no3.