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Intraday Tips for Tomorrow- Technical Overview Monday 13 June 2011

Discussion in 'Stock Market News & Analysis' started by rohans305, Jun 12, 2011.

  1. rohans305

    rohans305 Member

    May 4, 2011
    Likes Received:

    Hindalco Industries
    The stock moved down during the week and closed with positive biasness. The trend presently in the stock is weak. As the stock closed with positive biasness a further up movement can be seen in the stock once it breaks its resistance level. The stock is now facing resistance at 189 which is the 10 day moving average of the stock and has support at 181.One may go for buying the stock once it breaks its resistance level.
    Resistance2- 195.05, Resistance1- 189.9, Pivot Point 185.8,
    Support1- 180.65, Support2- 176.55
    Maruti Suzuki India
    MARUTI is in consolidation phase from last many sessions and last week it continued the same. The stock has resistance level at 1256 and support level at 1190. In short term it is expected to consolidate and remain range bound. Technically above the resistance level it is looking strong on charts.
    Resistance2- 1274.85, Resistance1- 1250.75, Pivot Point 1220.9,
    Support1- 1196.8, Support2- 1166.95
    Ranbaxy Laboratories
    Ranbaxy from the last few trading session moving sideways and in today's trading session it was up by....read full post

    Source:- http://stock-intraday-tips.blogspot.com/

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