HERO MOTOCORP moving up from strong trend line and 50 DMA, this will favor bulls.

HERO MOTOCORP

• Stock is moving up from 50 days moving average, chart indicates as long as stock holds above bulls will be favored.
• Stock also moving up from strong trend line support zone, this indicates stock will be favored by bulls.
• On upper side stock will find trend line resistance around 3272 as shown above.
• As per momentum index, once stock starts trading above level 100 then we can see some movement. Close Watch.

INDOCO REMEDIES moving up from 100 DMA, further strength expecting once closes and holds above 303.50.

INDOCO REMEDIES LTD

• Stock moving up from 100 DMA, this indicates as long as stock holds above bulls will be favored.
• Stock is now finding golden ratio resistance around 303.50, once it closes and holds above 303.50 then further strength can be seen in coming days. 
• Above 303.50 will find strong resistance 324 its previous top.
• Even stock major trend indicator "MACD" is moving in positive zone this indicates further price rise can be seen in coming days. Close Watch.

SUN TV made a bullish breakout, stock will favor bulls as long as holds above 388.50.

SUN TV

• Stock made a bullish breakout by closing above its trend line resistance zone @ 388.50, chart indicates as long as stock holds above bulls will be favored.
• On down side stock will find support @ 320 and 300.
• Stock also trading above 200 DMA, this will favor bulls as long as stock holds above.
• Even stock major trend indicator "MACD" is moving in positive zone and above levels zero this indicates further price rise can be seen in coming days. Close Watch.

GODREJ INDUSTRIES facing strong resistance around 294, will favor bulls once it closes above.

GODREJ INDUSTRIES 

• Stock facing 50 days moving average resistance, chart indicates once stock closes and holds above 50 DMA bulls will be favored.
• Stock also finding strong trend line resistance around 294, once it closes and holds above 294 then further up trend can be seen.
• Stock also finding golden ratio resistance, closing above 61.8% fibonacci retracement (golden ratio) indicates bullish trend.
• Even stock major trend indicator "MACD" is now moving in positive zone this indicates further price rise can be seen.

JET AIRWAYS facing strong support at current levels, weakness expecting if breaks.

JET AIRWAYS

• Stock facing 20 days moving average at current levels, chart indicates as long as stock holds above bulls will be favored once it holds below bears will be favored.
• Stock also facing 38.2% fibonacci retracement support, bear will be favored once it breaks and closes below.
• Even stock major trend indicator "MACD" is now moving in negative zone this will bears bears.

BHARAT FORGE moving up from strong support, resistance around 928 and 950.

BHARAT FORGE

• Stock is moving up from 100 days moving average, chart indicates as long as stock holds above bulls will be favored.
• Stock is also moving up from strong trend line support zone @ 841, this will be favored by bulls.
• On upper side stock will find trend line resistance around 928 and 950 (levels as per fibonacci retracement).

BANK OF BARODA facing golden ratio resistance around 1080.

BANK OF BARODA

• Stock moving up from 50 DMA, chart indicates as long as stock holds above bulls will be favored.
• On upper side BOB is now finding golden ratio resistance around 1080, further price rise can be seen once stock closes and holds above 1080.
• As per momentum index, once it starts trading above level 100 then we can see some movement in Bank Of Baroda. Close Watch.

INDIAN BANK on the verge of bullish breakout @ 210.

INDIAN BANK

• Stock moving up from strong trend line support zone, this indicates stock will be favored by bulls.
• Stock is also moving up from 50 days moving average, chart indicates as long as stock holds above bulls will be favored.
• On upper side stock will find trend line resistance around 210.
• Even stock showed good volume with increasing price, this indicates bulls are currently active.
• Even stock major trend indicator "MACD" is now moving in positive zone this indicates further price rise can be seen.

REC LTD will be finding strong trend line resistance around 337 and 353.

REC LTD

• Stock is moving up from 100 days moving average, chart indicates as long as stock holds above bulls will be favored.
• On upper side stock will find trend line resistance around 337 and 353, further bull trend can be seen once stock closes and holds above.
• Even stock major trend indicator "Stochastic Oscillator" is now moving in positive zone this indicates further price rise can be seen in coming days.