Stocks to watch on October 3

  • ASHOKLEY surged by 5.44% and closed at Rs.123.1. Trading volume spiked by 156 percent at last trading day. It is likely to witness bullish trend formation. The firmness of the bulls is indicated by the today’s gap. This stock is currently settled above the recent resistance zone. We see short-term support around 110.

  • HINDUNILVR dropped by 2.4% and ended at Rs.1173.9. Trading volume hiked by 94 percent on 29 September 2017. Furthermore 73% of the trades gone for delivery. There is an evidence of bearish breakout. It is trading below its recent support zone. The near-term resistance is seen around 1276.

  • DISHTV witnessed Bearish Engulfing pattern on daily chart. DISHTV volume increased by 70 percent at last trading day. Interestingly 79% of the trades are deliverable volume. Currently, it is trading around the lower range of its price band. The crucial support zone is around 74.

  • BEML slipped by 3.5% and ended at Rs.1585.95. Trading volume hiked by 83 percent at last session. However numerous trades were intraday in nature. It Indicates bearish trend. It is trading below its recent support zone. The near-term resistance is seen around 1917.

  • PETRONET strengthen by 3.33% and to close at Rs.231.2. Trading volume rose by 165 percent on Friday. Interestingly 60% of the trades are taken for delivery. It is trading inside the trading range. The Support is seen around 221 and resistance is seen around 241.

  • RELIANCE is the most active stock. Derivative traders were aggressive in adding short positions. Open interest gained by 6.35 %. It is frequently scaling down for 3 days. It is trading below its recent support zone. The near-term resistance is seen around 860.

  • HEROMOTOCO witnessed Bullish Engulfing pattern on daily chart. HEROMOTOCO volume rose by 50 percent. Moreover 62% of the trades gone for delivery. Currently, it is trading around the lower range of its price band. The crucial support zone is around 3725.

  • POWERGRID volume spiked by 97 percent on 29 September 2017. Surprisingly 62% of the trades gone for delivery. It is trading inside the trading range. The Support is seen around 207 and resistance is seen around 218.

  • MRF volume spiked by 129 percent at last session. Interestingly 55% of the trades are taken for delivery. It is trading inside the trading range. The Support is seen around 61722 and resistance is seen around 65543.

Comment your stocks to watch on October 3.