Labels: , , , , , , ,

The stock showed a continuous up movement during the week and was trading at its all time high and closed with negative biasness. The stock is now facing resistance at 2585 and has support at 2509 which is the 10 day moving average of the stock. As the stock closed with negative biasness a further down movement can be seen in the stock once it breaks its support level.
Resistance2-  2622.52,  Resistance1-  2590.83,  Pivot Point  2551.62,
Support1-  2519.93,  Support2-  2480.72

Hero Honda Motors
The stock moved down during the earlier trading days of the week and then a recovery was seen in the stock during the last trading session of the week. The major trend presently in the stock is sideways. The stock is now facing resistance at 1923 and has support at 1855. As the stock closed on a positive note a further up movement can be seen in the stock once it breaks its resistance level. One may go for buying the stock once it breaks its resistance level.
Resistance2-  1955.97,  Resistance1-  1929.08,  Pivot Point  1893.12,
Support1-  1866.23,  Support2-  1830.27

Ambuja Cements
The stock moved with negative biasness throughout this week, its next support is at 123 breach of this level will take the stock further downwards. One could go for sell on rise strategy in the stock as it is expected to test the support level once.
Resistance2-  134.52,  Resistance1-  130.38,  Pivot Point  128.12,
Support1-  123.98,  Support2-  121.72
Ranbaxy Laboratories
After moving in a particular trading range of 520-550, in today's trading session it is manages to trade near to the resistance level of 560. It is looking positive in the coming trading session if it manages to trade above the resistance level of 560 else below 500 it would might face more selling pressure.
Resistance2-  580.05,  Resistance1-  565.3,  Pivot Point  544.65,
Support1-  529.9,  Support2-  509.25

Sesa Goa
The stock has closed in red and it is now trading at 294.55. In today's trading session it battered down to the level of 256.80. It is now taking resistance at 297 and support at 275 from this level further downside of movement would be expected. One can go for short position in it at 275 for the target of 350.
Resistance2-  318.05,   Resistance1-  299.9,  Pivot Point  278.35,
Support1-  260.2,  Support2-  238.65


Post a Comment