A661092

A661092

At strong resisntace level: 1. Long term resistance trend line 2. Fib 1.618 level 3. Big even number of 3600. Target : 3500. It moved about 14% in last 5 trading sessions. Expecting a pull back to 3500 to test the near term previous line of resistance as support. This point is also near to it's 7MA.

A661092

RSI : Over bought Volatility : Going down. Infy is probably loosing momentum and should test support in the range of 1400 - 1450 for a healthy upward moment of 1574 - 1620. If it goes up further, it can move till 1574 and then test 1500 as a support level.

A661092

1st Chart: HINDUNILVR/ NIFTY 2nd Chart : NIFTY HINDUNILVR/ NIFTY is almost a mirrorimage of NIFTY. I plotted various other stocks against NIFTY but cound't see any such pattern. One thing that can be derived is, whenever NIFTY goes down, HINDUNILVR usually maintains the level and in many cases it starts to move up. Example - recent fall of NIFTY. Let me know...