Heavy Buying Comes from 330-325 levels.. so down side seems restricted..
Once Cross 365-370.. will make new highs and run like a mad bull !!!
Lets see !! its in BULLISH TREND and is currently retesting and cooling off its WEEKLY RSI>> a lil Support from Market and it will blast !!
What i Found very Interesting in this chart is , Whenever the Stock goes down to 1050-1025 levels immediately buying comes , so its a strong demand zone !!!
TATA BRAND company so no issues with fundamentals.. I find this stock best BET to play communication sector theme !!
BUY AT CMP and Add above 1142 !!
I think once it croses and...
Its Better to Check on Monday !! if its is momentum can be added immediately and then wait for retest..
According to me BEST BUY rate is 650-660 levels with Stop Loss of 580 on Closing Basis !!
Metals are hot right now .. if Profit booking comes be ready to average around 650-660 otherwise if it still goes up from here.. adding zone on retest and SL will be different..
Dont Buy blindly.. Only on RETEST to previous breakout levels.. Best buy zone !!!
The Stock had given multi year breakout !!!
Debts have been constantly decreasing !! Promoters have 74% stake !!
They have not reduced the stake at all ..
I think if they can manage their DEBTOR DAYS cycle and reduce debts , stock can really give more than 3-4x returns easily !!...
Bought today at 350-355, the stock went to 394 and came down with market in the end ..
The Box is breaking out of box range continously from 200-210 levels and this time can give 10-20% returns in very short term.,
After the breakout and primary targets achieved , will review and hold it till results.. Charts are very bullish for long term too..
Please see the level of consolidation goin on after a huge rally..
i think IT sector in momentum and if happiest Minds Break this consolidation level.. can give 10-20% move easily..
Sl is very small only 30Rs.
Short Term Trading Idea for Next Week..
Lets See !! jindal Poly and Others making new Highs in same industry..
This stock gave wonderful breakout on Friday but came down with market..
Hoping Excellent Week in this stock..