GREAT EASTERN SHIPPING witnessing selling pressure from resistance, now close watch on support.

GREAT EASTERN SHIPPING

• Stock currently witnessing selling pressure from trend line and 100 DMA, chart indicates bears will be favored.
• On down side close bulls will find some hopes around 346 its support zone (previous bottom), stock can see some bounce back as long as holds above 346.
• But if GE Shipping closes and holds below 346 then stock can see some further price fall. Close Watch.

LLOYD ELEC facing strong trend line and fibonacci retracement resistance around 154.

LLOYD ELEC

• Stock currently finding strong trend line andfibonacci retracement resitance arund 154, chart indicates once stock closes and holds above then bulls will be favored and further price rise can be seen in coming days.
• Sudden increase in volumes in last few days , this indicates bulls are active in lloyd elec. Close Watch.

BRITANNIA moving up from strong support zone @ 1857, some bounce back can be seen.

BRITANNIA

• Stock moving up from 20 DMA and 38.2%  fibonacci retracement support zone , chart indicates as long as stock holds above 1857 bulls will be favored.
• As per candlestick studies, BRITANNIA has formed bullish candle formation, this indicates bullish sign. Close Watch.

NUCLEUS SOFTWARE finding strong trend line and 100 DMA around 206.

NUCLEUS SOFTWARE

• Stock currently finding strong trend line and 100 DMA resistance around 206, technical chart indicates bulls will be favored once stock closes and holds above 206.
• Even stock major trend indicator "MACD" is now moving in positive zone , this indicates further price rise can be seen in coming days. Close Watch.

INSECTICIDES moving up from support zone, close watch on breakout levels @ 909 & @ 932.

INSECTICIDES

• Stock moving up from strong trend line support zone, bulls will be favored.
• Stock also trading above 100 DMA, this indicates further bullish move can be seen.
• On upper side Insecticides will find next strong trend line resistance around 909 and 932, chart indicates once it closes and holds above it resistance then further price rise can be seen in coming days. Close Watch.

AXIS BANK moving up from support, further strength expecting once it closes and holds above 525.

AXIS BANK

• Stock moving up from strong trend line support zone, chart indicates bulls will be favored as long as it holds above.
• Stock also trading above 50 DMA, this indicates bulls will be favored.
• On upper side close watch once stock closes and holds above 525, it stays above then some intraday action can be seen.