Sunday, April 15, 2012

Weekly positional calls for weeks starting 16April2012

Hope all enjoyed weekly calls posted last week.

JSWSTEEL: Stock has given a ascending triangle breakout with good increase in volumes and have also closed above 200 DMA. It can easily move up by 40-60 rs in next one week



Ambuja Cement: Stock has given a breakout on the down side. It would try to take support near 200 day moving average. One can short at current or higher levels and book partial/full profits when stock comes near 200 day moving average



HINDPETRO: Stock looks weak on charts




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