Jatin Gedia
Jatin Gedia
The Tata Chemicals stock has found support at the zone of Rs 1,030 - 1,040 which coincides with the 61.82 per cent fibonacci retracement level of the previous rise.
GAIL has broken out of a resistance zone of Rs 233 - Rs 235. The breakout has been accompanied with above average volume.
Hindustan Copper was trading in a downward sloping channel and has now provided a breakout
Sun TV has witnessed a sharp run up and has been consolidating in a narrowing range since last three weeks
Dabur has been consolidating since the last two weeks after a sharp run up. It has now reached the 20 day moving average (590) and witnessed buying interest
Jubilant FoodWorks stock is likely to test the previous swing high of Rs 543, and can extend towards Rs 549 from a short-term perspective. A stop loss of Rs 507 should be kept for the long positions
Bajaj Auto has been trading in a range since the past couple of months. The range of consolidation has been Rs 9300 - 8600. The stock has broken out of this consolidation on the upside suggesting
Titagarh Rail has been in a medium term uptrend. After a sharp run up the stock has been consolidating in a range and has formed a Triangle pattern on the hourly time frame chart.
Cipla was in a downtrend and corrected ~13 per cent in the recent fall. On the daily charts it formed an Inverted Head and Shoulders pattern which is a Trend reversal pattern
Federal bank has been in a medium-term uptrend. The recent pullback towards the zone of Rs 154 - 156 was brought into and the stock has been witnessing buying interest from that crucial support zone
TCS has witnessed buying interest from the 50 per cent Fibonacci retracement level (3780) of the previous rise from 3,311 - 4255. Positive divergence is also witnessed on the daily charts