Labels: , , , , ,

The stock moved down during the trading hours and ended with a negative biasness. The trend presently in the stock is weak. A further down movement can be seen in the stock once it breaks its support level. The stock is now facing resistance at 192 and has support at 182.One may go for selling the stock once it breaks its support level.
Resistance2-  193.37,  Resistance1-  189.83,  Pivot Point  187.42,
Support1-  183.88,  Support2-  181.47

Hindalco Ind Sell Below 185
Target    -  177
Stop Loss -  189.

The stock has moved in a tight range throughout this week. It has next support at 317; breach of this level may bring some more correction in the stock while has resistance at 337, crossing of which may bring some more upward movement in the stock.
Resistance2-  353.9,  Resistance1-  337.8,  Pivot Point  329.4,
Support1-  326.3,  Support2-  320.9

Buy Cipla Above 334
Target  -   350
Stop Loss - 327.


Post a Comment