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

Technical view on Vesuvius & Vivimed Labs

Vesuvius ( CMP:432 ) is looking weak on charts.. It can go down to 408-400 Rs.

Vivimed labs ( CMP:417 ) is looking weak on charts.. It can go down to 395 Rs. 

Note: This is not a recommendation to buy/sell. It just for study purpose. Do your own research on stock before investing