#DABUR Dabur India Ltd. Short term negativity intact after broken down 5 MA: 500. Technically short term momentum clearly weak, lower side below 480 may increase negative momentum further. Sustainable trading above 505 may try to test 520- 525 -530 on the upside.
#INDUSINDBK IndusInd Bank Ltd. Anticipated Bounce back above 530 helped the price to add fresh positive strength and demand to fly high. As of now 670 - 690 - 700 should consider as resistance and 625 - 600- 580 as support. Fresh upside above 700 expecting to increase bullish sense further .
#CIPLA Cipla Ltd. made a retest to the long term breakout area and presently taking support right at support zone. Likely to stay positive until the stock holds 740-750 zone on daily closing basis. Volume setup and technical parameters looks positive as of now. Break below 740, we may see 690-700 zone in the near term.
#IBULHSGFIN Indiabulls Housing Finance Ltd. The stock price trading with positive bias ahead of pennant formation breakout. As of now 224 (50Ma) -230 zone should act as resistant, breakout above expected to increase underlying bullish sense further. On the down side 5Ma: 203 - 175 are short term important support levels.
#VRLLOG VRL Logistics Ltd. made a retest to the breakout area and looks very strong as per technical parameters. Probable resistance in the medium term comes at 200 level and probable support comes at 165 level. Keep on very close radar!
#PNB Punjab National Bank consolidating in an Ascending triangle pattern in the daily chart and likely to see breakout in the stock above swing high of 39.5. technical parameters and volume setup looks positive as of now. Keep a watch.
#LT Larsen & Toubro Ltd. trading below previosu week low whereas technical indicators are mild bullish near by support is 900 and if price trades above 1025 level next resistance is 1120 on weekly chart.
Dr. Lal Pathlabs Ltd. trading right above weekly support zone. Likely to see bounce in the short term until 1800-1845 zone is protected on the downside. Technical parameters looks positive as of now. Keep a watch.
The India Cements Ltd. trading below weekly resistance zone and 200 SMA and likely to stay weak until it stays below 125-127 zone on a daily closing basis. Likely to see short term consolidation in 110-125 zone and breakout only above 127 and further momentum to be seen above 140 level. Technical parameters looks positive as of now. Keep a watch.
Mishra Dhatu Nigam Ltd. closes at resistance level with good volume whereas Technical indicators are bullish If price closes above 236 level next resistance is 266 and support is 50 day sma(212) on daily chart.
Kotak Mahindra Bank Ltd. closes at resistance level. Technical indicators are bullish if price closes above resistance level 1450 next resistance is 1610 and support is 1267 on weekly chart.