Lupin Hourly Technical Chart
.JPG "Lupin Hourly Chart")
Lupin Ltd.Weekly Technical Chart
.Jpg "Weekly Lupin Chart Update")
On the weekly chart stock trading at the higher end of long term uptrend channel and also around 52 week high price on the technical chart a correction or some profit booking is due on that counter in near short term.
Oscillator are trading negative on the hourly technical chart.
If stock traded below 667 level with volume and stay 10-15 minute below that level aggressive player can go for short for short term target of 635 to 630 with stop loss of 685-690 according to your risk habitude.
Oscillator are trading negative on the hourly technical chart.
If stock traded below 667 level with volume and stay 10-15 minute below that level aggressive player can go for short for short term target of 635 to 630 with stop loss of 685-690 according to your risk habitude.
Reliance Capital Daily Technical Chart
.PNG "Reliance Capital Daily Technical Chart")
Reliance Capital forming positive divergence on the daily chart, In short term we may see more upside if stock traded above 348-350 level with volume.
Option data also suggest that if stock close above 350 level we can see a huge short covering on that counter.
One can go long above 347 for target of 365-375 with stop loss 328 on daily closing basis.
Option data also suggest that if stock close above 350 level we can see a huge short covering on that counter.
One can go long above 347 for target of 365-375 with stop loss 328 on daily closing basis.
Tata Motors Weekly Technical Chart Update
.PNG "Tata Motor Weekly Chart")
We can see on the long term chart of Tata Motors stock successfully hold trend line support on the weekly chart in recent market fall and bounce sharply also on the daily chart stock making strong bullish bar pattern.
Traders both having bullish or bearish sentiment have opportunity on that stock.
Near resistance on the chart in the range of 283-285 above this level bulls can execute long trade for the target of 295-298 stop loss 277.
Bears can try own luck below 277 level for profit level 268-265 stop loss of 285 level keep in mind.
Traders both having bullish or bearish sentiment have opportunity on that stock.
Near resistance on the chart in the range of 283-285 above this level bulls can execute long trade for the target of 295-298 stop loss 277.
Bears can try own luck below 277 level for profit level 268-265 stop loss of 285 level keep in mind.
.JPG&description=Bharti Airtel Tata Motors and Lupin Technical Chart Update){kind=link}