Technical chart analysis on Cummins India. Updated On 09th June 2014 (Monday).

• CUMMINS INDIA moving up from its 23.6% fibonacci retracement, also holding this level from last 3-4 days, indicates stock to favor bulls.
• On weekly chart stock is facing 161.8 fibonacci retracement around 675, If breaks with volumes and sustains above then can see some bullish action.
• On upper chart stock to face trend line resistance on 710, 725, 810 in weekly chart.

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Next Stock Update - ESSAR OIL

Time :- 07th June 2014 (Sat.), 05:30 pm

BEML technical chart update - Stock in over bought zone - Updated On 09th June 2014 (Monday).

• BEML is trading in a overbought zone, as we have witnessed sharp up move in weekly charts from 200 - 700.
• Close Watch on strong resistance zone , stock may see some correction. As shown above will have strong trend line resistance around 771, 965 in weekly charts.
• Stock will also have fibonacci retracement 61.8% golden ratio resistance around 832. Close Watch.

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Next Stock Update - CUMMINS INDIA

Time :- 07th June 2014 (Sat.), 12:30 pm

DABUR on the verge of breakout above 192. Updated On 06th June 2014 (Friday).

• DABUR facing strong trend line resistance around 192 , as shown above. Stock moving up from its trend line support indicates will favor bulls.
• If starts trading above 192 wit volumes then chart indicates stock will test its next resistance around 203. (Fibonacci retracement level).
• Stock is also moving in its long term bullish zone as shown above in monthly chart.

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Helios And Matheson on the verge of breakout above 87.25. Updated On 06th June 2014 (Friday).

• Helios And Matheson facing strong trend line resistance around 87.25 as shown above
• Stock also facing 50 days moving average resistance at current levels, stock must trades above 50 days moving average to favor bulls.
• On weekly chart stock is facing golden ratio support. As long as trades above will favor bulls. Close Watch.

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