TVS MOTORS has formed triangle formation, sharp movement expecting once stock comes out.

TVS MOTORS

• Stock has currently formed triangle formation, sharp movement once stock comes out from its pattern.
• Stock also moving up from 100 DMA, this will favor bulls as long as stock holds above.
• Even stock major trend indicator "MACD" is moving in positive zone and above level zero this will favor bulls as long as stock holds above.
• On upper side once TVS MOTORS closes and holds above 262.50 then further price rise can be seen. Close Watch.

IL&FS TRANSPORTATION trading below 200 DMA, stock will favor bears.

IL&FS TRANSPORTATION

• Stock currently witnessing selling pressure form trend line resistance.
• On down side stock will find trend line support @ 167, chart indicates once stock closes and holds below 167 then further weakness is expecting.
• Stock also trading below 200 DMA this will favor bears as long as holds below.
• Even stock major trend indicator "MACD" is moving in -ve zone and below level zero this indicates price fall can be seen. Close Watch.

HAVELLS facing strong trend line and moving average support @ 250.

HAVELLS

• Stock facing strong trend line support @ 250, chart indicates stock will favor bears once stock closes and holds below 250.
• Stock also trading around 200 DMA, once stock starts trading below 200 DMA then havells will be favored by bears.
• Even stock is coming down from 23.6% fibonacci retracement @ 275 this too will favor bears as long as holds below 275.
• Even stock major trend indicator "MACD" is moving in -ve zone and below level zero, this indicates further price fall can be seen.

INFOSYS TECHNOLOGIES has formed head and shoulder pattern.

INFOSYS TECHNOLOGIES

• Stock has formed head and shoulder formation, this indicates sharp movement expecting once it comes out from its pattern.
• Infosys is also finding 100 DMA support, once it starts trading below 100 DMA then bers will be favored.
• On down side Infy will find support @ 1898, once stock closes and holds below 1898 then further weakness is expecting.