TATA STEEL
DOUBLE TOP AT 479.90 AND RESISTENCE AT 485.
On Daily Charts this scri formed Double Top at 479.90 and ahead of thatit got strong resistence at 485. If this scrip fails to cross the Double Top price and 485 then it'll retest the 460 level once again.A break above 480-485 level then it'll face the resistence at 510which is 200dma. Daily BB signalling that still some downside is likely as RSI too not very impressive. It says that we need to be verycareful at the levels of 480-485.
HDFC BANK
STRONG SUPPORT AT 1067...
In the recent times this scrip had a marathon rally and we also seensome slight corrective moves in between the rally. So as of now it made strong bottom at 1067 and resistence is at 1150 which is all timehigh for this scrip. If it holds 1118 then we can see the kissing of1150. On charts really it looks very good indeed. As the tradingsession goes on the Upward sloping Channel is getting more divergenceand it'll offer greater degree of volatality. And the Upward SlopingChannel is still intact.
DOUBLE TOP AT 479.90 AND RESISTENCE AT 485.
On Daily Charts this scri formed Double Top at 479.90 and ahead of thatit got strong resistence at 485. If this scrip fails to cross the Double Top price and 485 then it'll retest the 460 level once again.A break above 480-485 level then it'll face the resistence at 510which is 200dma. Daily BB signalling that still some downside is likely as RSI too not very impressive. It says that we need to be verycareful at the levels of 480-485.
HDFC BANK
STRONG SUPPORT AT 1067...
In the recent times this scrip had a marathon rally and we also seensome slight corrective moves in between the rally. So as of now it made strong bottom at 1067 and resistence is at 1150 which is all timehigh for this scrip. If it holds 1118 then we can see the kissing of1150. On charts really it looks very good indeed. As the tradingsession goes on the Upward sloping Channel is getting more divergenceand it'll offer greater degree of volatality. And the Upward SlopingChannel is still intact.
posted by Naveen Pantera at 10:02 PM
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