24th Sept,2011 Saturday
Weekly Business House Stock Updates as per Technical Analysis
Anil Ambani Group (Weekly Update)
RBN:The stock closed at 84 this week and has formed a Doji Formation.If the next week closes above the high of this Doji,the stock may rally.Anything below this Doji bottom is dangerous.The major resistance for RBN is 105 in the medium term.The support levels for next week are 80 and 77.The near upper target for next week are 88 and 92.
RCOM: The stock closed at 79 on Friday.The stock looks bearish for the next week.The support levels are 74 and 70.
Rel Capital:The stock closed at 402.Another Doji formation on the weekly chart.The nest week's close above or below the high or Low of this Doji will decide the fate of the stock.The Support levels for next week are 386 and 370.The upper Resistance levels for next week are 421 and 435.
RelInfra:The sock opened below this week and ended lower at 428.40.A complete bearish candle on the weekly chart.Looks Bearish.Support levels for next week are 410 and 396.The Resistance levels are 453 and 470.In the Medium term 517 is a very strong resistance.
Rel Media:This week made a higher top and a higher bottom but ultimately closed down.May move up.The Target levels for next week are 110 and 116.The support levels for next week are 93 and 85.
RNRL:This stock opened with a gap up this week and the gap is unfilled.That means the stock has a major support at its unfilled gap of 41.Again there is a doji formation on the weekly chart indicating the the stock may rally only when it close above the doji high.Upper targets for next week are 44 and 45.This stock is major resistance at 51 in the medium term.
Rpower:This stock has closed above in the last week and also filled the downward gap of previous two weeks.The stock closed at 81.85.The stock looks good for next week and the target levels are 85 and 88.The support levels for next week are 77 and 72
Weekly Business House Stock Updates as per Technical Analysis
Anil Ambani Group (Weekly Update)
RBN:The stock closed at 84 this week and has formed a Doji Formation.If the next week closes above the high of this Doji,the stock may rally.Anything below this Doji bottom is dangerous.The major resistance for RBN is 105 in the medium term.The support levels for next week are 80 and 77.The near upper target for next week are 88 and 92.
RCOM: The stock closed at 79 on Friday.The stock looks bearish for the next week.The support levels are 74 and 70.
Rel Capital:The stock closed at 402.Another Doji formation on the weekly chart.The nest week's close above or below the high or Low of this Doji will decide the fate of the stock.The Support levels for next week are 386 and 370.The upper Resistance levels for next week are 421 and 435.
RelInfra:The sock opened below this week and ended lower at 428.40.A complete bearish candle on the weekly chart.Looks Bearish.Support levels for next week are 410 and 396.The Resistance levels are 453 and 470.In the Medium term 517 is a very strong resistance.
Rel Media:This week made a higher top and a higher bottom but ultimately closed down.May move up.The Target levels for next week are 110 and 116.The support levels for next week are 93 and 85.
RNRL:This stock opened with a gap up this week and the gap is unfilled.That means the stock has a major support at its unfilled gap of 41.Again there is a doji formation on the weekly chart indicating the the stock may rally only when it close above the doji high.Upper targets for next week are 44 and 45.This stock is major resistance at 51 in the medium term.
Rpower:This stock has closed above in the last week and also filled the downward gap of previous two weeks.The stock closed at 81.85.The stock looks good for next week and the target levels are 85 and 88.The support levels for next week are 77 and 72
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