abnuvo share price technical analysis for 2016
Aditya Birla Nuvo Ltd stock trading at 825 rupee price. For 2016, stock below 1005 rupee level remain bearish or weak. On downside support zones are 959-679-489 and 365. On upside major resistance levels are 1429-1620-1900 and 2090. After demerger, technical levels get disturbed and gone wild. But downside support of 650-680 looks good and on any major correction investors can buy around these levels with 1 to 3 years’ time frame. For targets 1000 o 1400 rupees. 1900 to 2100 targets possible in very bullish environment only. For short term traders,above 765 remain buy for targets 845 which is achieved and now above it expect 970 rupee as next target for next 1-2 month period if sustain above 845.