Wednesday, August 5, 2015

TECHNICAL ANALYSIS OF MOTHERSUMI & DAILY CHART

YESTERDAY’S  CANBK FUTURE CALL ALMOST  HIT  TGT OF 300 MADE LOW OF 300.80
FUTURE :
“BULLISH MOTHERSUMI ABOVE  390 TGT 397 /405”
“BEARISH MOTHERSUMI BELOW 387  TGT 380/372”
DAILY RESISTANCE: 397, 402, 417, 432
DAILY PIVOT POINT: 387
DAILY SUPPORT:382, 372, 357, 342
DAILY CHATS



















UPCOMING EVENT: MOTHERSUMI
Mothersumi Results is held on 6 august 2015. Primary trend of the stock is bullish and It is expected to continue the bull run with the crossing of the resistance level of 378 as the stock is sustaining above its 200 and 100 days moving averages. One may initiate the long position above the mentioned level for the targets of 415 . and it can be forming a reversal pattern in short term charts, it is likely to show correction with the breach of the support level of 382, where one may initiate the short position in it for the targets of 372.
Simple Moving Averages

Days
BSE
NSE
30
347.52
347.43
50
336.54
336.49
150
323.13
323.18
200
312.50
312.57


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