RANBAXY
Ranbaxy from the last few trading session moving in an upward trend and in today's trading session it manages
to trade and close above the 10 days and 50 days moving averages. It is now trading at 536.60 from this level further upside of movement would be expected. One can go for long position in it at 542 for the target of 560.
Resistance2- 557.82, Resistance1- 546.83, Pivot Point 530.42,
Support1- 519.43, Support2- 503.02
CIPLA
CIPLA showed upside movement in today's trading session and made an intraday high of 331. Now the stock has resistance level at 333 and support level at 321. It is expected to show positive biasness and to test its resistance level in short term.
Resistance2- 338.98, Resistance1- 334.97, Pivot Point 326.98,
Support1- 322.97, Support2- 314.98
SUN PHARMA
Sun Pharma is looking strong on chart; it is now taking support at 457 and resistance at 467. It is looking bullish in the coming trading session if it manages to trade above the resistance of 467 else below 457 it would be in a downward trend.
Resistance2- 479.32, Resistance1- 472.53, Pivot Point 460.27,
Support1- 453.48, Support2- 441.22
MAHINDRA & MAHINDRA
M&M shown steep down rally, and closed with the loss of 5.95%. The stock has support level at 655 and resistance level at 695. In short term it is expected to remain volatile.
Resistance2- 731.62, Resistance1- 697.58, Pivot Point 678.42,
Support1- 644.38, Support2- 625.22
HINDALCO
The stock showed a continuous down movement during the trading hours. The stock is now facing resistance at 200 and has support at 190 which is also the 50 day moving average of the stock. Break of support may take the stock further down. One may go for selling the stock once it breaks its support.
Resistance2- 202.33, Resistance1- 197.47, Pivot Ppoint 194.63,
Support1- 189.77, Support2- 186.93
Ranbaxy from the last few trading session moving in an upward trend and in today's trading session it manages
to trade and close above the 10 days and 50 days moving averages. It is now trading at 536.60 from this level further upside of movement would be expected. One can go for long position in it at 542 for the target of 560.
Resistance2- 557.82, Resistance1- 546.83, Pivot Point 530.42,
Support1- 519.43, Support2- 503.02
CIPLA
CIPLA showed upside movement in today's trading session and made an intraday high of 331. Now the stock has resistance level at 333 and support level at 321. It is expected to show positive biasness and to test its resistance level in short term.
Resistance2- 338.98, Resistance1- 334.97, Pivot Point 326.98,
Support1- 322.97, Support2- 314.98
SUN PHARMA
Sun Pharma is looking strong on chart; it is now taking support at 457 and resistance at 467. It is looking bullish in the coming trading session if it manages to trade above the resistance of 467 else below 457 it would be in a downward trend.
Resistance2- 479.32, Resistance1- 472.53, Pivot Point 460.27,
Support1- 453.48, Support2- 441.22
MAHINDRA & MAHINDRA
M&M shown steep down rally, and closed with the loss of 5.95%. The stock has support level at 655 and resistance level at 695. In short term it is expected to remain volatile.
Resistance2- 731.62, Resistance1- 697.58, Pivot Point 678.42,
Support1- 644.38, Support2- 625.22
HINDALCO
The stock showed a continuous down movement during the trading hours. The stock is now facing resistance at 200 and has support at 190 which is also the 50 day moving average of the stock. Break of support may take the stock further down. One may go for selling the stock once it breaks its support.
Resistance2- 202.33, Resistance1- 197.47, Pivot Ppoint 194.63,
Support1- 189.77, Support2- 186.93
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