Aditya Birla Nuvo - Can be a Multibagger in long run

ABIRLANUVO has already given a channel breakout. One should keep at eye to accumulate it around 850 levels from where it can move to 1400 rs in 8-12 months time.

Note: This is only for study purpose and everyone should carry out their own study before investing.

Positional Calls for April 2012

Hi All,

After a long pause, I am re-starting posting of my technical study here. I will be giving positional calls here which should be hold for a period of 20-40 days

1) Delta Corp: One should buy above 73 on closing basis. Target 82 in short term.

2) Bajaj finance: It has given a channel breakout above 825 on weekly chart. one should buy on dips at 820-830 for a target of 980+

3) Prime focus:Right shoulder seems to be in formation. Also, it has given a channel breakout on short term charts. One can buy here around 46 for a target of 55-58

All the above recommendations are my personal views as per technical study. Please do you own research on these stocks before buying.-