Asian Hotels North
CMP 288.
Target 390 / 512 plus
Stop 220
Monthly chart
Stock has cleared past key resistance levels with great volumes.
Stock has a mild resistance at 390. Above 390-400, stock has the potential to reach 500 plus.
Aggressive traders can invest at cmp at stop of 220 and trail the stops as the price moves up inorder to get the max...
HEXAWARE
CMP 380
Target 500 plus
Stop 325
Monthly Chart
1) Cup formation breakout with above average volumes.
2) Investor patience required to get maximum benefits.
HAVE A WATCH.
Shakti pumps.
CMP 532.
Weekly Chart.
LONG PREFERRED ONLY ABOVE 560. HENCE DO NOT BUY IF PRICE DOES NOT CROSS 560. VERY IMPORTANT.
Target 650 plus.
Cup formation in progress in weekly chart.
MACD showing bullish signs.
Escorts
cmp 837
Target 900 plus
Stop 785.
Weekly chart
1) A broad right penant formation based breakout with above average volumes.
2) C & H formation based breakout observed with above average volumes.
AmarRaja Batteries
CMP
876.
Weekly.
Target 937/1075.
Stop 790 (short term trading stop) / 745 (medium to long term investment stop loss).
1) Mild RH and RS pattern observed; suggests trend reversal.
2) 200 period ema acting as strong support; more importantly 30 week ema crossover with good volumes.
Pfizer India
CMP 2204
Target 2500 plus
Stop 1950
1) Rounded bottom formation complete.
2) Series of Higher highs and higher lows helped the stock to break past 2050 resistance levels, potentially towards 2500 plus.
Tech Mahindra
CMP 603
Target 750
Stop 505.
1) Moved past 2 plus years resistance with above average volumes.
2) Facing a mild resistance at 670 which should not be a bottleneck.
3) Broad based reverse H & S pattern seen, which is a positive sign.
4) 30/200 EMA crossover .
LTTS
CMP 1212.
Target 1500 plus
Stop 1050.
1) Double bottom breakout at 1150 with good volume.
2) Price bouncing back on a nice trend line.
3) Price might retest the support line or close to support line 1150-1175.
4) Aggressive investors can enter at cmp; but should be willing to face the retracement just in case it happens.
5) Conservative investors can invest...
Debt free , healthy dividend and divestment candidate makes it a safe bet for long term holding. Resistance at 175 then see 250-275 . Now we can say investment in Navratna is worth. Also there is a tax rebate in investing in this company. think simple think long , stockdada.com
Reliance Industries
CMP 972
Weekly chart.
Target 1035
Stop 950.
1) Has been in a calculated upmove + retracement right from its base of 525.
2) Upmoves has been 35%, 25%,21%
3) In that series, a possible upmove of 19% from the swing low of 870 is expected, which works out to be 1035.
Zensar Technologies
CMP 936
Target 1035 / 1130
Stop 800
Weekly.
1) 200 ema has provided a solid support for the stock.
2) Stock has pierced past the downward sloping resistance line with above average volumes.
3) In that process stock has surpassed 30 week ema which has been a crucial support or resistance for the stock historically for a significant period of...
ICICI PRULIFE
CMP 430.
Weekly chart
Target 500 plus
Stop 380
Stock has cleared past 30 week ema with good volumes.
Stock also has cleared past downward sloping resistance line.
Stock is in the early stages of formation of cup pattern.
Larsen and Toubro
Monthly chart
CMP 1372
Target 1600 plus
Stop 1250
1)Series of HHs and HLs with above average volumes.
2) Broken out of 2.5 year resistance.
Swan Energy.
Weekly chart
Cmp : 230
Target : 270 plus (conservative target).
Stop : 205
Rationale:
1) V shaped breakout pattern.
2) Series of Higher highs and higher lows has propelled breakout with above average volumes.
WABCO INDIA
Monthly chart
1) Triple bottom formation complete.
2) Cup pattern breakout adds momentum to stock.
3) Good level to enter for conservative traders would be at 7500-7900; Aggressive traders can enter at cmp.
4) Target 8850 which is breakout level + 0.5 X (length of the cup pattern level).
5) Stop should be at 7000.
Technical details:
1) Stock has last week broken out of an one and half year downward channel with huge volumes and reached a high of around Rs 420.
2) In that process stock's 30 day ema has crossed 200 day ema.
3) CMP is around 345 meaning STOCK HAS CORRECTED FROM A HIGH OF 420 TO 345.
4) 4 HOUR CHART REVEALS HIDDEN BULLISH DIVERGENCE VIS-A-VIS STOCH 14,3,3 /...
Mindtree
CMP 702
Targt 805 plus
Stop 600
Monthly (not displayed)
Clear Double bottom formation completed.
Weekly(displayed)
Stock has cleared past the upward channel with huge volumes.
Stock has also moved past previous longterm multi support and resistance line.
Daily (not displayed)
Uptrend with spike observed. However, quite unclear in terms of any pattern...
