BEL:
BEL seem to look positive for the week. A good closing for the last day is supporting the stock sentiment, which was above 50 days EMA. After sustaining above the resistance of 170.50, stock can show the levels of 181 for coming days.
IGL :
IGL traded positive for the week and further we can expect a positive movement. Overall stocks traded positive for the week. Sustaining above 50& 200 days EMA, after sustaining above the resistance of 1540, stock can show the levels of 1600 for coming days.
RELIANCE:
Reliance succeeded to touch our first target at 880 after rallying bullishly on Friday. Which supports the continuation of our bullish overview efficiently in the upcoming period, waiting to extend the bullish wave to reach 950 as a next main station. We will continue to suggest the bullish trend for Next week supported by the EMA50, noting that the continuation of the bullish trend depends on holding above 870.
TATASTEEL
Tata Steel succeeded to touch our first target at 700 after rallying bullishly on Friday. Which supports the continuation of our bullish overview efficiently in the upcoming period, waiting to extend the bullish wave to reach 730 as a next main station. We will continue to suggest the bullish trend for Next week supported by the EMA50, noting that the continuation of the bullish trend depends on holding above 695.
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