ICICI BANK Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving up from strong support, further strength expecting once ICICI BANK closes above 1513. (Updated On 18th August 2014, Monday).

ICICI BANK

• As per previous report published on ICICI BANK, stock failed to close above its trend line resistance of 1513, and stock fell down and made a low of 1412. (Click here to see previous report published on ICICI BANK). 
• Now daily chart indicates stock is moving up from 38.2% fibonacci retracement support zone, this will favor bulls to take stock further up , as shown in graph no1 .
• As per chart no2 stock is moving up from 100 days moving average , this indicates as long as stock holds above it will be favored by by bulls, but if ICICI BANK closes below 100 DMA and stays below then it will sign of weakness, close watch.
• As per graph no 3 if ICICI BANK closes above 1513 its trend line and 61.8% % fibonacci retracement (golden ratio) resistance and if stays above then further strength is expecting and stock will find next strong resistance around 1590.
• Intraday close watch once stock starts trading above 1513 if stays above then intraday bulls action in expecting.
• Suggested Reading - GRASIM INDS moving up froms strong support, stock will be favored by bulls.
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GRASIM INDS Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving up from strong 50 % fibonacci retracement support, further strength expecting once stock closes above 3352. (Updated On 18th August 2014, Monday).

GRASIM INDS

• GRASIM INDS moving up from strong 50% fibonacci retracement support zone @ 3173 , close watch chart indicates as long as stock holds above 3173 it will be favored by bulls and further strength is expecting, if stock failed to move up and closes below 3173 then stock can see further weakness and stock will text its next support of 61.8% fibonacci retracement around 3040 as shown in graph no 1.
• Intraday close watch if stock starts trading below 3173, if stays below in day trading then intraday bears action is expecting.
• Suggested Reading - REC LTD moving up from strong support, close watch stock can see some up move from current levels.
• As per graph no 2. stock is holding is 100 days moving average at current levels, this indicates as long as stock holds above its 100 DMA it will be favored by bulls, and if starts trading below 100 DMA then bears may get active, and stock will give first sign of weakness. Close Watch.
• As per graph no 3 if stock moves up from current levels then on upper side will find fibonacci retracement resistance around 3352, 3393, 3465 And 3530.
• Intraday close watch if stock starts trading above 3352, if holds above the intraday bulls action is expecting in Grasim Inds.
• Suggested Reading - NEYVELI LIGNITE is moving in oversold zone as RSI around 30 level, can see some bounce back.
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NIIT TECHNOLOGIES Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock facing strong strong resistance at current level, will favor bulls once closes above 387, Till then bears will dominate. (Updated On 18th August 2014, Monday).

NIIT TECHNOLOGIES

• As per previous post published on NIIT TECH stock failed to closed above 477, but gave sharp intraday move and stock fell down after that. (Click here to see previous report published on NIIT TECHNOLOGIES).
• Now as per graph no 1, stock is coming down sharply from its trend line resistance, since then bears are active in this stock.
• As per graph no 2 currently stock is coming down from 23.6% fibonacci retracement resistance zone, this indicates as long as stock trades below 387 it will be favored by bears but once stock closes above 387 and stays above then stock can test its next resistance around 405 its 38.2% fibonacci retracement.
• Intraday close watch once stock starts trading above 387  , if stays above in day trading then can see some intraday action by bulls.
• Suggested Reading - TATA MOTORS DVR closed above its range bound zone, will favor bulls as long as stays above.
• As per graph no 3 stock is testing its strong trend line support , this indicates if stock fails to move up and closes below its trend line support around 356 then further weakness is expecting in NIIT TECH.
• Intraday close watch once stock starts trading below 356, If stays below then intraday weakness is expecting in NIIT TECH.
• Suggeated Reading - REC LTD facing strong support at current levels, will favor bulls as long as holds above.
• As per graph no 4 stock is also facing strong 200 days moving average, so as long as stock holds below it will favor bears , but once stock closes and stays above 200 DMA then bulls will get active and stock will favor bulls.
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TATA MOTORS DVR Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock made a bullish breakout as closed above its range bound zone , will favor bulls as long as holds above 330. (Updated for 18th August 2014, Monday).

TATA MOTORS DVR

• As per previous report published on TATA MOTORS DVR stock gave a sharp intraday move after breaking 330. (Click here to see previous report published on TATA MOTORS DVR).
• Now daily chart indicates stock is moving up from its gap up opening support, this will favor bulls to take stock further up.
• As per graph no2 stock has now closed above its range bound, so as long as stock holds above 330 it will be favored by bulls.
• Suggested Reading - REC LTD facing strong support at current levels, its 50% fibonacci retracement and 200 DMA.
• Chart also indicates that if stock moves up from current levels then will find next strong resistance around 360 as shown in graph no 3. its 161.8% fibonacci retracement.
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