| 0 comments ]
Labels: , , , , , , ,

TATA MOTORS
The stock moved upward in today's trading session and made a high of 1037.95. The stock now has resistance level at 1044 and support level at 1009. In short term it is expected to consolidate with positive biasness. One may hold long position in it till it breaks its support level at 1009.
Resistance2-  1055.23,  Resistance1-  1046.12,  Pivot Point  1028.83,
Support1-  1019.72,  Support2-  1002.43

HDFC BANK
The stock was consolidating during the trading hour and closed on a positive note. The stock is now facing resistance at 2560 and has support at 2515 which is the 50 day moving average of the stock. As the stock closed with positive biasness a further up movement can be seen in the stock once it breaks its resistance level.
Resistance2-  2584.37,  Resistance1-  2563.73,  Pivot Point  2539.37,
Support1-  2518.73,  Support2-  2494.37

SESA GOA
The stock has closed in green and it is now trading at 291.20. In today's trading session it manages to trade above the major resistance level of 292, from this level further upside of movement would be expected. One can go for long position in it at 295 for the target of 310.
Resistance2-  299.47,  Resistance1-  295.13,  Pivot Point  290.57,
Support1-  286.23,  Support2-  281.67

ICICI BANK
The stock showed a down movement during the trading hour. The stock is now facing resistance at 1093 which is the 50 day moving average of the stock and has support at 1060. Break of support may take the stock further down. One may go for selling the stock once it breaks its support level.
Resistance2-  1110.1,  Resistance1-  1091.8,  Pivot Point  1081.7,
Support1-  1063.4,  Support2-  1053.3

DR. REDDY LAB
The stock showed an up movement during the earlier trading hours and then showed a drastic downfall during the later trading hours. The trend presently in the stock is sideways. The stock is now facing resistance at 1557 which is the 10 day moving average of the stock and has support at 1500. As the stock closed on negative note a further down movement can be seen in the stock once it breaks its support level. One may go for selling the stock above its support level.
Resistance2-  1618.47,  Resistance1-  1574.23,  Pivot Point  1542.67,
Support1-  1498.43,  Support2-  1466.87




0 comments

Post a Comment