ITC closed the week on positive note gaining around 1.00%.
As we have mentioned last week, that support for the stock lies in the zone of 264 to 266 from where the stock has broken out after consolidation and short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 258 to 260 where the stock has taken multiple support in the month of December-2017. During the week the stock manages to hit a low of 262 and close the week around the levels of 269.
Support for the stock lies in the zone of 264 to 266 from where the stock has broken out after consolidation and short & medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 258 to 260 where the stock has taken multiple support in the month of December-2017.
Minor resistance for the stock lies in the zone of 270 to 272. Resistance for the stock lies in the zone of 275 to 277 where break down levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 280 to 282 where long term moving averages are lying.
Broad range for the stock in coming week is seen between 258 to 260 on downside & 278 to 280 on upside.
HIND Unilever closed the week on negative note losing around 2.10%.
As we have mentioned last week, that minor support for the stock lies in the zone of 1325 to 1330. Support for the stock lies in the zone of 1300 to 1310 where medium term moving averages and break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1220 to 1230 where the stock has taken multiple supports in the month of November-2017 & December-2017. During the week the stock manages to hit a low of 1313 and close the week around the levels of 1323.
Support for the stock lies in the zone of 1300 to 1310 where medium term moving averages and break out levels are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1220 to 1230 where the stock has taken multiple supports in the month of November-2017 & December-2017.
Minor resistance for the stock lies in the zone of 1340 to 1350. Resistance for the stock lies in the zone of 1390 to 1400 where the stock has formed a double top pattern in the month of January-2018. If the stock manages to close above these levels then the stock can move to the levels of 1430 to 1440.
Broad range for the stock in coming week is seen between 1280 to 1300 on downside & 1380 to 1400 on upside.
Colgate Palmolive closed the week on negative note losing around 2.50%.
As we have mentioned last week, that support for the stock lies in the zone of 1070 to 1080 where medium & long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 1020 to 1040 where the stock has taken multiple supports in the month of November-2017 & December-2017. During the week the stock manages to hit a low of 1034 and close the week around the levels of 1050.
Support for the stock lies in the zone of 1020 to 1040 where the stock has taken multiple supports in the month of November-2017 & December-2017. If the stock manages to close below these levels then the stock can drift to the levels of 980 to 1000.
Resistance for the stock lies in the zone of 1070 to 1080 where medium & long term moving averages are lying. If the stock manages to close above these levels then the stock can move to the levels of 1130 to 1140 from where the stock broke down after consolidation.
Broad range for the stock is seen between 980 to 1000 on downside & 1100 to 1120 on upside.
Dabur closed the week on negative note losing around 3.50%.
As we have mentioned last week, that support for the stock lies in the zone of 335 to 340 where break out levels and medium term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 315 to 320 from where the stock broke out of triple top pattern. During the week the stock manages to hit a low of 325 and close the week around the levels of 331.
Support for the stock lies in the zone of 315 to 320 from where the stock broke out of triple top pattern and long term moving averages are lying. If the stock manages to close below these levels then the stock can drift to the levels of 300 to 305.
Minor resistance for the stock lies in the zone of 335 to 340. Resistance for the stock lies in the zone of 345 to 350 where break down levels are lying. If the stock manages to close above these levels then the stock can move to the levels of 365 to 370 where the stock has formed a top in the month of January-2018.
Broad range for the stock in the coming week can be seen between 310 to 315 on downside & 350 to 355 on upside.
MORE WILL UPDATE SOON!!
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