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Intraday Tips for Tuesday 24 May 2011- Technical Overview

Discussion in 'Stock Market News & Analysis' started by rohans305, May 23, 2011.

  1. rohans305

    rohans305 Member

    May 4, 2011
    Likes Received:
    The stock had consolidated throughout this week after a steep downfall previously. It now has next support at 960, breach of this level may continue the bearish trend of the stock else it may also bounce back from lower support levels and has resistance at 1002, crossing of which will take it further upwards.
    Resistance2- 999.88, Ressistance1- 982.92, Pivot Point 972.83,
    Support1- 955.87, Support2- 945.78
    The stock is currently consolidating in a range. Its next resistance is at 1363, crossing of this level may bring some more upward movement in the stock while support is at 1280, breach of this level may take it downward.
    Resistance2- 1334.27, Resistance1- 1319.63, Pivot Point 1308.37,
    Support1- 1293.73, Support2- 1282.47
    The stock had a correction in today's trading session. One could hold the long positions in the stock as it is expected to continue its....read more

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