IDEA CELLULAR facing strong golden ratio resistance around 166.50.

IDEA CELLULAR

• Stock facing strong golden ratio resistance around 166.50, chart indicates once IDEA closes and holds above 166.50 then further strength is expecting.
• Earlier stock was moving up from 50 DMA but this time stock is finding strong 50 DMA resistance at current levels, as long as stock holds above 50 DMA bulls will be favored.
• Suggested Article - Golden trading rules in stock market trading.
• If stock moves up from current levels then holds above 166.50 then Idea will find next strong resistance around 177 (its previous top).

FINOLEX INDS moving up from strong support, looks bullish if closes above 344.

FINOLEX INDS

• Stock moving up from strong trend line support zone, and further price rise can be seen once stock closes and holds above 344.
• Chart also indicates stock is moving up from 100 DMA, and also from 23.6% fibonacci retracement this too will favor bulls.
• If stock moves up from current levels and holds above 344 then Finolex Inds will find next strong resistance around 375 its 161.8% fibonacci retracement, close watch.

CANARA BANK looking bullish above 419.

CANARA BANK

• Stock facing strong trend line resistance around 419, Chart indicates once Canara Bank closes and holds above 419 then bulls will be favored.
• Technical Chart also indicates stock will favor bulls as long as holds above 100 DMA, 
• As per current closing stock has formed doji formation, this indicates stock can sharp movement in coming days as per candlestick studies.