#HCLTECH WEEKLY CHART VIEW!! HCL Technologies Ltd. As per anticipation price extended strong bullish move above 800-810 prior resistances. Technically price holding bullish momentum with strong conviction, more sustainable higher side above 850 can increase bullish sense further. As of now on the lower side 780- 750-735 should consider as immediate next probable...
#MOTHERSUMI DAILY CHART VIEW!! Motherson Sumi Systems Ltd. bounced from the convergence of support zone and 200 SMA. Likely to stay positive in the near term until the stock stays above 103-106 zone. Technical parameters looks neutral as of now. Keep a watch.
#COALINDIA WEEKLY VIEW!! Coal India Ltd. closed below support level and is trading at life time low. Technical indicators are bearish. Near by Fibonacci support is 108 and 98; resistance is mid bollinger band 133 on weekly chart.
#BAJAJAUTO WEEKLY CHART VIEW!! Bajaj Auto Ltd. is trading sideways. Technical indicators are mild bullish. If price closes below mid bollinger band 2885 near by support is 2640 and if price trades above previous week high 3070 near by resistance is 3300 on weekly chart.
#TATACOFFEE WEEKLY CHART VIEW!! Tata Coffee Ltd. made a pullback to the breakout area and presently trading right above the support zone of 100-102 zone. . Until the above support zone is held on a closing basis, we may see further pullback in the stock. Probable resistance in the medium term comes at 120 level and then at 130-135 zone. Keep a watch.
#NATIONALUM WEEKLY CHART VIEW!! National Aluminium Company Ltd. faced resistance from the downtrend line and is trading below weekly resistance zone. Probable support in the short term comes at 29.5-30 level and probable resistance comes at 34-35 zone. Technical parameters looks neutral to weak as of now. Keep a watch.
#CCL WEEKLY VIEW!! CCL Products (India) Ltd. is consolidating in a range where probable support comes at 230-238 zone and probable resistance comes at 267-280 zone. Breakout either side of the range may result in fresh momentum in the stock. Technical parameters looks neutral as of now. Keep a watch.
#ASIANPAINT Asian Paints Ltd.- trading below previous week low RSI came out from overbought zone. Near by support is 1880. If price trades below 1880 level, the near by support is mid bollinger band 1772 and resistance is swing high 2054 on weekly chart.
#COALINDIA WEEKLY CHART VIEW Very important descending triangle break down. If the stays below 120, may move towards 80. Weekly RSI is below 50 and very bearish.
#ASHOKLEY Ashok Leyland Ltd. has strong support at 66-67. RSI has just dipped below 50. If 66 is protected, stock can bounce from here, however if stock sustains below 65, it can fall towards 52,(61.8% pull back of bull run from march's low)
#MARUTI Maruti Suzuki India Ltd. have broken down below trading channel. The stock, if sustains below 6500 (approx today's high) may move towards 6080, 5680, 5290 eventually which are important fibonacci levels on lower side. RSI is sub 50 and trending down confirming bearish momentum.
#KOTAKBANK WEEKLY VIEW The stock has strong support near 1230 sustaining below, it may move towards 1110. However, if the stock can sustain above 1260 it can have sharp bounce towards 1305-13065-1400
#COFORGE NIIT Technologies Ltd. (COFORGE) made a retest to the breakout area and is likely to stay positive until the stock holds today's swing low. Technical parameters looks positive as of now. Likely to see further momentum above swing high of 2272 level. Keep a watch.
#TATASTEEL Tata Steel Ltd. came down from resistance level and now is trading near support level. Technical indicators are bullish and sloping downwards. If price closes below support level 350 near by support is 302 and if price bounced from support level near by resistance is swing high 443 on weekly chart.
#LALPATHLAB Dr. Lal Pathlabs Ltd. is trading right at the weekly support zone. Likely to see bounce in the short term until 1800 level is protected on the downside on closing basis. Technical parameters looks positive as of now. Keep a watch.
#MnMFIN WEEKLY CHART VIEW!! Mahindra & Mahindra Financial Services Ltd. is constantly taking support from the weekly support zone and likely to stay positive in the medium term until it stays above 115-120 zone. Technical parameters looks neutral as of now. Keep a watch.
#SPENCERS WEEKLY CHART VIEW SpencerS Retail Ltd. is consolidating in a strong consolidation zone in the weekly chart and confirmed breakout to take place above swing high of 112 level. Next probable support in the short term comes at 75-80 zone as of now on a closing basis. Technical parameters looks neutral as of now. Keep a watch.
#INDUSINDBK CHART VIEW! IndusInd Bank Ltd. The stock price witnessed to increase negative move after breakdown from 585 on the lower side. Closing near daily low keeping intact short term negative sense. More lower side below 550 may drag the price towards 520- 513 -500. Please keep 585 - 600 -613 (5MA) as important resistance.