Stock Tips for Today- Technical Outlook Friday 22nd July
HERO HONDA
The stock was consolidating during the earlier trading hour and then moved up as its results were declared during the later trading hour. The stock is now facing resistance at 1810 and has support at 1745. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance level.
Resistance2- 1826.83, Resistance1- 1791.87, Pivot Point 1770.93,
Support1- 1735.97, Support2- 1715.03
SIEMENS INDIA
The stock remain positive all through the trading session and made a high of 920.95.It now has resistance level at 930 and support level at 915. In short term it is expected to consolidate with positive biasness and test its resistance level. One may go for the long position above its resistance level.
Resistance2- 930.08, Resistance1- 923.32, Pivot Point 914.18,
Support1- 907.42, Support2- 898.28
TATA MOTORS
In today's trading session, the stock consolidates with positive biasness to show some correction. It now has resistance level at 987 and support level at 964. It is expected to consolidate with negative biasness in upcoming session. One may hold short position in it till it breaks its resistance level of 987.
Resistance2- 1007.75, Resistance1- 988.3, Pivot Point 976.2,
Support1- 956.75, Support2- 944.65
RELIANCE COMMUNICATION
The stock had been consolidating with negative bias and in today's trading session it battered down to the level of 89.65, from this level further downside of movement would be expected. It is now taking support at 88 and resistance at 95. It is looking weak on charts; one can go for short position in it at 88 for the target of 80.
Resistance2- 97.98, Resistance1- 96.22, Pivot Point 95.23,
Support1- 93.47, Support2- 92.48
IDFC
IDFC continued correction in today's trading session also and made intraday low of 136.05. The stock has resistance level at 140 and support level at 134. In short term it is expected to consolidated with negative biasness and may test its resistance level.
Resistance2- 145.98, Resistance1- 143.17, Pivot Point 141.33,
Support1- 138.52, Support2- 136.68
HERO HONDA
The stock was consolidating during the earlier trading hour and then moved up as its results were declared during the later trading hour. The stock is now facing resistance at 1810 and has support at 1745. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance level.
Resistance2- 1826.83, Resistance1- 1791.87, Pivot Point 1770.93,
Support1- 1735.97, Support2- 1715.03
SIEMENS INDIA
The stock remain positive all through the trading session and made a high of 920.95.It now has resistance level at 930 and support level at 915. In short term it is expected to consolidate with positive biasness and test its resistance level. One may go for the long position above its resistance level.
Resistance2- 930.08, Resistance1- 923.32, Pivot Point 914.18,
Support1- 907.42, Support2- 898.28
TATA MOTORS
In today's trading session, the stock consolidates with positive biasness to show some correction. It now has resistance level at 987 and support level at 964. It is expected to consolidate with negative biasness in upcoming session. One may hold short position in it till it breaks its resistance level of 987.
Resistance2- 1007.75, Resistance1- 988.3, Pivot Point 976.2,
Support1- 956.75, Support2- 944.65
RELIANCE COMMUNICATION
The stock had been consolidating with negative bias and in today's trading session it battered down to the level of 89.65, from this level further downside of movement would be expected. It is now taking support at 88 and resistance at 95. It is looking weak on charts; one can go for short position in it at 88 for the target of 80.
Resistance2- 97.98, Resistance1- 96.22, Pivot Point 95.23,
Support1- 93.47, Support2- 92.48
IDFC
IDFC continued correction in today's trading session also and made intraday low of 136.05. The stock has resistance level at 140 and support level at 134. In short term it is expected to consolidated with negative biasness and may test its resistance level.
Resistance2- 145.98, Resistance1- 143.17, Pivot Point 141.33,
Support1- 138.52, Support2- 136.68
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