Auro Bindo pharma is making a small ascending triangle and is near its long time resistance band…125 is the point of which cross and close would give it a boost to come out of downtrend and should do well in coming sessions with support of 110 – 112…So wait for break and update 🙂

https://i1.wp.com/i856.photobucket.com/albums/ab126/dhootankur/auro-1.png

Nifty on 25th March 2012

Posted: March 25, 2012 in NIFTY
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NIFTY update: Here is the 15Min chart of NIFTY…Let’s c what can happen this week… With chart I can say there is 5350 visible on chart on monday, where it would face resistance and break of that would lead NIFTY to 5450, which would be toughest to break and on break and close abv this would give NIFTY again a chance to make new high…

On Downside 5200 would be the support for this week and expecting expiry in range of 5200 – 5350…am bad in predicting expiry but let’s c try would make me better

TECHM broken out good last week…due to merger news and pattern wise also falling wedge has broken…now any downside near or below 700 would be a good point to add it 650 should be acting as good support for it..

 

Tgt coming as 810 – 865 – 950

Chambal Fertilizer has created H&S….

76 is the support visible in chart of daily…break of this with good volume, and close below that would give it real boost..Lower trend line support also showing possible tgt in coming time to be near 45….86 should be good SL for this.

Let’s c how does it evolve in coming time….