Keep watch on Havells. Looks explosive on charts for a upside rally of 30-40 points
Tuesday, April 17, 2012
Sunday, April 15, 2012
SBIN flag formation on charts.Target 2700-2800 in medium to long term
SBIN - Flag formation is on cards.It could not break the upper band of trend line on Friday. It seems if close above 2270 on closing basis, it can go up to 2700-2800 rupees.
One observation, many nifty stocks are making this pattern including nifty. It seems long term nifty target of 6000+ seems to be in making. Time will tell us the story.
One observation, many nifty stocks are making this pattern including nifty. It seems long term nifty target of 6000+ seems to be in making. Time will tell us the story.
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
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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