Technical Charts:HindZinc,Videocon Ind,Anath Raj and HDIL

By | October 3, 2010 6:04 pm

HINDUSTAN ZINC

HZL is technically looking very bullish as stock is closing above its 200 DMA with increase in volume.Stock  is taking support at 50 DMA @1080 and taking resistance at 1107 and 1126 levels.

RSI is at neutral and can move up and MACD is on verge making positive divergence.Volumes are on Rise indicating stock can break on upside.

Buy above 1127 Tgt 1144 and 1162


ANANT RAJ INDUSTRIES

Anantraj Industries on daily chart has broken above neckline of bullish inverted head and shoulder pattern after its surpassed
resistance of Rs145 with volumes expansion.
Immediate resistance is seen near Rs160 levels.
Breakout can also be witnessed on RSI front from falling intermediate peaks indicating end of consolidation phase in the
near term and resumption of new bullish trend.

Buy above 151 Tgt 155.7 and 161

VIDEOCON INDUSTRIES

VIDEOCON is trading in a channel Channel Bottom at 244 and resisting at 283.2.Volumes are expanding MACD on verge of Positive divergence and RSI is making higher tops

Good Set up for a breakout.

Buy above 283.2 Tgt 286.5,290.4 and 297

HDIL

HDIL is facing resistance at its 50 DMA @272 and as other realty stocks like Unitech,DLF has made the breakout looks like HDIL once it crosses 50 DMA will rise and test its major resistance at 200 DMA@284

RSI is in oversold zones

Buy above 275 Tgt 278.8 and 284,297

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