1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Intraday Tips for Friday 27 May 2011- Technical Overview

Discussion in 'Stock Market News & Analysis' started by rohans305, May 26, 2011.

  1. rohans305

    rohans305 Member

    May 4, 2011
    Likes Received:
    ONGC battered down to the level of 261.40 and it is now trading at 274.45, in today's trading session it manages to trade and closes above the 10 days and 50 days moving averages. It is now looking strong on charts. One can go for long position in it at 285 for the target of 300.
    Resistance2- 285.08, Resistance1- 279.77, Pivot Point 271.03,
    Support1- 265.72, Support2- 256.98
    The stock had a sharp upward movement during the trading hours. The stock broke its resistance at 1840 and marked a high of 1949. The stock is highly bullish and a further up movement can be seen in the stock once it breaks its resistance level. The resistance for the stock is 1950.
    Resistance2- 2028, Resistance1- 1956, Pivot Point 1877,
    Support1- 1805, Support2- 1726
    The stock had an up rally in today's trading session. One should wait for sometime in the stock as its is expected to....read full post

Share This Page