AMAR RAJA BATTRIES moving up from strong support zone, further strength expecting above 840.

AMAR RAJA BATTRIES

• Stock moving up from 50 DMA, as long as holds above bulls will be favored.
• Stock also moving up from 38.2% fibonacci retracement support zone.
• On upper side further price rise can be see once stock closes and holds above 840 (its previous top).

DEWAN HOUSING FINANCE moving in up channel formation with increasing volumes.

DEWAN HOUSING FINANCE

• Stock is moving in up channel formation this indicates bulls will be favored.
• On upper side dewan will find strong trend line resistance around 442 (its previous top), this indicates further price rise can be seen once it closes and holds above.
• Technicals also indicates that volumes as also increasing with increasing price this shows bulls are currently active.

BOMBAY DYEING had formed double top formation, can see weakness if breaks it on down side,

BOMBAY DYEING

• Stock has formed double top formation in daily chart and now hovering around its support zone, this indicates once stock comes out from it formation on down side then sharp weakness is expecting.
• On down side will find strong trend line support around 62.50, if breaks and closes below then further weakness can be seen in coming days. Close Watch.

FINOLEX CABLES moving up from strong trend line support zone.

FINOLEX CABLES

• Stock moving up from strong trend line support zone, bulls will be favored.
• On upper side Finolex Cables will find strong trend line resistance around 283 (its previous top), technicals indicates once stock closes and holds above 283 then further strength can be seen.
• Even stock major trend indicator "MACD" is moving in +ve zone this indicates further price rise can be seen in coming days. Close Watch.