Crest Animation is having its Borad Meeting on 23 August and if we get some positive news we can accept another 10% upper Freeze.
Technically Speaking as shown in charts stock is news its medium term resistance trend line and MACD is giving a cross over making a case of bullish move.
NELCO took support at its 200 DMA for almost 6 trading sessions and than after consolidating and made a up move on Friday and stopped at its short term trendline resistanct at 124.
MACD showing positive signals,RSI and MFI are looking strong.
Buy above 126.5 Tgt 133 and 141
Varun is facing resistance at its medium term trendline at 164 rs if thats taken out you will easily see a move till a new 52 week high.
Buy above 164 tgt 167,176 and 188
On daily chart RSI has been consistently trading above 50 mark since last one month which also exhibit strength in the counter
accompanied with expansion of volumes during the price rise. On the weekly chart, MACD as signaled a fresh buy signal with crossover taking above the reference line.
On the downside, 10-DMA will provide support. As long stock is able to sustain above the 305, positive momentum in the short term
is likely to remain upbeat.
Buy @ Rs302-305 with stop loss of Rs291 for target of Rs325 and Rs330.
FT is near it Trend Transition from Bear to Bull with a move above its 200 DMA.On seeing the Daily Chart of Stock we see there are 2 main resistance one 200 DMA and 50% Fibonacci Retracement Level @14341439.