TVS MOTORS has formed triangle formation, sharp movement expecting once stock comes out.

TVS MOTORS

• Stock has currently formed triangle formation, sharp movement once stock comes out from its pattern.
• Stock also moving up from 100 DMA, this will favor bulls as long as stock holds above.
• Even stock major trend indicator "MACD" is moving in positive zone and above level zero this will favor bulls as long as stock holds above.
• On upper side once TVS MOTORS closes and holds above 262.50 then further price rise can be seen. Close Watch.

IL&FS TRANSPORTATION trading below 200 DMA, stock will favor bears.

IL&FS TRANSPORTATION

• Stock currently witnessing selling pressure form trend line resistance.
• On down side stock will find trend line support @ 167, chart indicates once stock closes and holds below 167 then further weakness is expecting.
• Stock also trading below 200 DMA this will favor bears as long as holds below.
• Even stock major trend indicator "MACD" is moving in -ve zone and below level zero this indicates price fall can be seen. Close Watch.

HAVELLS facing strong trend line and moving average support @ 250.

HAVELLS

• Stock facing strong trend line support @ 250, chart indicates stock will favor bears once stock closes and holds below 250.
• Stock also trading around 200 DMA, once stock starts trading below 200 DMA then havells will be favored by bears.
• Even stock is coming down from 23.6% fibonacci retracement @ 275 this too will favor bears as long as holds below 275.
• Even stock major trend indicator "MACD" is moving in -ve zone and below level zero, this indicates further price fall can be seen.

INFOSYS TECHNOLOGIES has formed head and shoulder pattern.

INFOSYS TECHNOLOGIES

• Stock has formed head and shoulder formation, this indicates sharp movement expecting once it comes out from its pattern.
• Infosys is also finding 100 DMA support, once it starts trading below 100 DMA then bers will be favored.
• On down side Infy will find support @ 1898, once stock closes and holds below 1898 then further weakness is expecting.

UNITECH moving up from strong support, further uptrend can be seen as long as holds above 13.80.

UNITECH

• Stock moving up from strong trend line support zone, this indicates as long as stock holds above 13.80 bulls will be favored.
• If Unitech moves up further then on upper side stock will find resistance around 17.80, 19 and 20.45 (levels as per fibonacci retracement).
• Stock major trend indicator "MACD" is moving in positive zone this will favor bulls for further up move.

DR REDDYS LABS can see some price fall once stock closes below 3057.

DR REDDYS LABS

• Stock currently coming down from trend line resistance @ 3255, as long as trades below bears will be favored.
• On down side stock will find trend line support @ 3057 once dr reddys closes and holds below 3057 then further price fall can be seen.
• Stock also finding 100 DMA support @ 3057, trading below 100 DMA indicating weakness.
• Even stock major trend indicator "MACD" is moving in -ve zone and below level zero, this will favor bears.

EXIDE INDS moving up from support, further strength expecting above 177.50.

EXIDE INDS

• Stock moving up from 200 DMA, this will favor short -long term traders.
• Exide also moving up from golden ratio support zone, bulls will be favored.
• On upper side stock will find trend line resistance around 177.50, once Exide closes and holds above 177.50 then further strength is expecting.

HPCL moving in up channel formation, weakness expecting once it breaks it support @ 538.

HIND PETROLEUM

• Stock moving in up channel formation, as long as stock moves in between bulls will be favored.
• Stock also facing 50 DMA support around 538, as long as holds above 538 bulls will be favored.
• Stock major trend indicator "MACD" is moving in -ve zone this indicates once stock closes and holds below 538 then can see some further price fall. Close Watch.