Intraday Tips for Friday 27 May 2011- Technical Overview

[roma73]

ONGC
ONGC battered down to the level of 261.40 and it is now trading at 274.45, in today's trading session it manages to trade and closes above the 10 days and 50 days moving averages. It is now looking strong on charts. One can go for long position in it at 285 for the target of 300.
Resistance2- 285.08, Resistance1- 279.77, Pivot Point 271.03,
Support1- 265.72, Support2- 256.98
HERO HONDA
The stock had a sharp upward movement during the trading hours. The stock broke its resistance at 1840 and marked a high of 1949. The stock is highly bullish and a further up movement can be seen in the stock once it breaks its resistance level. The resistance for the stock is....read full post