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Intraday Tips for Wednesday- Technical Overview 11 May 2011

Discussion in 'Stock Market News & Analysis' started by rohans305, May 10, 2011.

  1. rohans305

    rohans305 Member

    May 4, 2011
    Likes Received:
    The stock moved up during the trading hours and the major trend presently in the stock is up. The stock is facing resistance at 512 and has support at 485. Break of resistance may take the stock further up. One may go for buying the stock once it breaks its resistance.
    Resistance2- 514.77, Resistance1- 508.93, Pivot Point 502.87, Support1- 497.03, Support2- 490.97
    A correction was seen in the stock during its trading hours. The stock was not able to break its resistance at 1780 and moved down. The stock is now facing resistance at 1780 and has support at 1700. The stock is close to its support and break of support may take the stock further down. One may go for selling the stock once it breaks its support.
    Resistance2- 1781.83, Resistance1- 1747.87, Pivot Point 1725.98, Support1- 1692.02, Support2- 1670.13
    As the quarterly results were declared the stock showed a volatile movement during the trading hours and ended on a positive note....read more

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