Saturday, December 28, 2013

ITC Round Bottom

ITC ROund Bottom pattern at a major support level

ITC Round Bottom


ICICIBank has a strong Resistance in 1207 to 1230 band, which was recently visited. The price couldn't go above 1206. The break of Rising Trend Line could take the stock back to three digit levels.


TataSteel Nearing Important Resistance

TataSteel rally that started from 200 levels in August 2013, is now approaching an important resistance level at 448. (CMP: 425). Adding TataSteel to watch list as there could be a good trading opportunity soon. The Red rectangle is an important Weekly Support area.

TataSteel Spot Daily