IOC Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving up from strong support zone, will favor bulls once IOC closes above 360. (Updated On 19th August 2014, Tuesday).

INDIAN OIL CORPORATION

• As per previous report published on IOC, stock failed to break its support of 319, and stock moved up. (Click here to see previous report published on IOC).
• Now daily chart indicates stock is moving up from strong support of 319 its 50% fibonacci retracement support zone , this indicates as long as stock holds above it will be favored by bulls.
• As per graph no2 stock is also moving up from 100 days moving average this will favor bulls to take stok further up, but if IOC closes below its 100 DMA then stock will show first sign of weakness. Close Watch.
• As per graph no 3. stock is currently finding golden ratio resistance around 360 (61.8% fibonacci retracement), once stock closes and stays above 360 then stock looking bullish for next 1-2 trading days.
• Intraday close watch once stock starts trading above 360, if holds above then intraday bulls action is expecting in IOC.
• Suggested Reading - ESSAR OIL trading above its previous top , will favor bulls as long as holds above 120.
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ESSAR OIL Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock trading above its previous top @ 120, Will favor bulls as long as holds above. (Updated on 19th August 2014, Tuesday).

ESSAR OIL

• As per previous report published on ESSAR OIL, stock gave intraday move after breaking 120. And closes above its previous top @ 120. (Click here to see past report published on ESSAR OIL).
• Now as per graph no 1 , stock is holding strong above 120 its previous tops, and its previous tops is now acting as a major support for Essar Oil, so as long as stock holds above 120 it will be favored by bulls.
• Intraday close watch once stock starts trading above 123,  if stays above in day trading then intraday action is expecting. Close Watch.
• As per graph no 2. stock is moving up from 20 days moving average, as long as holds above it will be favored by bulls, chart also indicates stock major indicator MACD is moving in +ve zone , this indicates stock to move up from current levels.
• Suggested Reading - NMDC on the verge of bullish breakout facing strong resistance.
• If stock moves up from current levels then essar oil will be next strong resistance around 130 its 161.8% fibonacci retracement as shown in graph no3.
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NMDC LIMITED Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving in a down channel formation in daily chart, will favor bulls once stock closes above 180. (Updated On 19th August 2014, Tuesday).

NMDC LTD

• As per previous report published on NMDC stock had formed double bottom formation in daily chart, after closing above its formation around 153.50 , stock made a high around 190. (Click here to see past report published in NMDC).
• Now daily chart indicates stock is moving in a down channel formation in daily chart, so as long as stock trades in between its down formation it will be favored by bears, but once stock closes and stays above 180 then it will favored by bulls for next 1-2 trading days.
• Intraday close watch once stock starts trading above 180, if stays above in day trading then intraday bulls action is expecting in NMDC.
• Suggested Reading - DABUR INDIA is on bulls run , but stock has now entered in Overbought zone.
• As per graph no 2 stock is facing strong 50 days moving average resistance around 180, as long as it holds below it will be favored by bears but once stock closes above bulls will get active and we can see some strength in NMDC.
• If stock closes and stays above 180 then NMDC will find next strong resistance around 187, as shown above in graph no3.
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DABUR (I) Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock is on bull run after bullish breakout around 198, close watch Dabur RSI indicator entered in overbought zone. (Updated On 19th August 2014, Tuesday).

DABUR INDIA

• As per previous report published on DABUR (I) stock gave a bullish breakout after closing above 198, and still now stock is on bull run and so far made a high of 223.50. (Click here to see previous report published on DABUR (I) ).
• Now daily chart indicates stock is still on bull run after making a bullish breakout and so far no sign of weakness as shown above in graph no1.
• As per graph no 2 . RSI indicators shows that stock has now entered in over bought zone and RSI has now moved above 70 levels, its a sign of caution for bulls, as stock may correct.
• Suggested Reading - ADITYA BIRLA NUVO moving up from strong support, further strength expecting once stock closes above previous top.
• As per graph no 3. Dabur will next nearest strong resistance around 230, close watch if moves up further then bulls will get strong fight from bears around 261.8% fibonacci retracement.
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