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Intraday Tips for Thursday 19 May 2011- Technical Overview

Discussion in 'Stock Market News & Analysis' started by rohans305, May 18, 2011.

  1. rohans305

    rohans305 Member

    May 4, 2011
    Likes Received:
    The stock has successfully tried to take support at lower levels and had an up rally. Its next resistance is at 1363, crossing of this level may bring some more upward movement in the stock.
    Resistance2- 1362, Resistance1- 1324.7, Pivot Point 1292.5
    Support1- 1255.2, Support2- 1223
    After a continuous downtrend in the stock the stock moved up during the trading hours and showed some recovery. The trend presently in the stock is sideways. The stock is now facing resistance at 199 and has support at 191. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance.
    Resistance2- 200.65, Resistance1- 198.6, Pivot Point 196.45
    Support1- 194.4, Support2- 192.25
    The stock consolidated with positive biasness this week. One could go for buying on dip strategy in the stock, its next resistance level is at 376.50, and crossing of this rally may continue the up rally of the stock.
    Resistance2- 377.98, Resistance1- 374.97, Pivot Point 371.98
    Support1- 368.97, Support2- 365.98
    The stock has successfully taken support at lower levels and managed to reach the mentioned levels last week, its next resistance is at....read more

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