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Intraday Tips for Wednesday 1 June 2011- Technical Overview

Discussion in 'Stock Market News & Analysis' started by rohans305, May 31, 2011.

  1. rohans305

    rohans305 Member

    May 4, 2011
    Likes Received:
    JP ASSOCIATES as discussed earlier was strong above the level of 84, crossed the resistance level today and made an intraday high of 86.75. The stock now has resistance level at 89 and support level at 82. In short term it may take some correction and remain range bound, after upside movement of today's session.
    Resistance2- 89.4, Resistance1- 87.95, Pivot Point 85.3,
    Support1- 83.85, Support2- 81.2
    A continuous up rally was seen in the stock during the trading hour and the stock marked a high of 2406 after breaking its resistance at 2330. A further up movement can be seen in the stock once it breaks its resistance level. The stock is presently facing resistance at 2425 and has support at 2354. One may go for buying the stock once it breaks its resistance.
    Resistance2- 2460.63, Resistance1- 2418.87, Pivot Point 2366.93,
    Support1- 2325.17, Support2- 2273.23
    The stock had an up rally in today's trading session. One should....read full post

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