Technical Analysis of Hot Stocks For Today
ICICI BANK
R2 - 893.4 , R1 - 872.3 , PP - 860.15 , S1 – 839.05 , S2 – 826.9
After sustaining at the strong resistance level of 895 the stock has moved red showing some correction in today’s trading session. It is having support at the level of 844. One should wait for a while with some consolidation until it manages to break the level.
STATE BANK OF INDIA
R2 - 2088.9 , R1 - 2030.45 , PP - 2000.3 , S1 – 1941.85 , S2 – 1911.7
The stock shows correction in today’s trading hours after a continuous up trends of last few trading session. It now faces resistance at 2058 and support level at 1970; the stock can continue its bullish rally above resistance level in near future else it can also show further correction in near future.
IDFC
R2 - 131.87 , R1 - 128.43 , PP - 126.57 , S1 – 123.13 , S2 – 121.27
The stock opened gap down and after that showed downward rally and manage to close at nominal loss. The major trend presently in the stock is downward. The stock is now facing resistance at 130 and has support at 124. Further down movement can be seen in the stock once it breaks its support level.
BAJAJ AUTO
R2 - 1581.27, R1 – 1566.63 , PP - 1546.32 , S1 – 1531.68 , S2 – 1511.37
The stock opened gap down and after that showed downward rally and manage to close at nominal loss. The major trend presently in the stock is downward. The stock is now facing resistance at 130 and has support at 124. Further down movement can be seen in the stock once it breaks its support level.
