Positional Trade: Biocon has broken out from a falling trendline and at the same time attempting to close above a resistance at 392. Buy: Biocon CMP: 391 Target 1: 420 Target 2: 424 Stop Loss: 382
Medium Term Trade(3-4 months): Power grid corporation of India is on the verge of breaking out of a cup and handle pattern. Buy: Power Grid CMP: 236 Target: 275 Stop Loss: 223
Medium Term Trade(6 Months): Bombay Burmah has broken out from a falling trend line. Buy: Bombay Burmah Trading Corp CMP: 1325 Stop Loss: 1270
Positional Trade: Apollo Tyres has broken from a falling trend line signaling a trend reversal. Buy: Apollo Tyres CMP: 239 Target: 260 Stop Loss: 228
Positional Trade: Tata Communications has broken out from a resistance at 1190. Buy: Tata Communications CMP: 1205 Target: 1350 Stop Loss: 1140
Positional Trade: IFCI has taken support at 10.30 and momentum suggests it would revisit the highs at 16. By: IFCI CMP: 13.80 Target: 16 Stop Loss: 12.90
L&T Fin holdings has broken above a falling trend line after bouncing off a previous support level. Buy: L&T Fin Holdings CMP: 97.50 Target: 110 Stop Loss: 93
Shoppers stop breaks above a resistance at 231 on daily chart. Buy: Shoppers Stop CMP: 236 Target 1: 260 Target 2: 270 Stop Loss: 222
Muthoot Finance has given a breakout from a cup and handle pattern on weekly chart. Buy: Muthoot Finance CMP: 1415 Target: 1700 Stop Loss: 1280
Cigniti Technologies has broken above a cup and handle pattern. Buy: Cigniti Technologies CMP: 450 Target: 500 Stop Loss: 425
*Long term Trade(10-12 months):* Shalimar paints has broken above a cup and handle pattern on weekly time frame. Buy: Shalimar paints CMP: 116 Target: 200 Stop Loss: 83
Grasim is forming what appears to be a cup and handle pattern. Buy in anticipation of completion of this pattern. Buy: Grasim CMP: 1423 Target 1: 1590 Target 2: 1650 Stop Loss: 1365
Titan was recommended at 1522 on 18th of May to WApp group members for a positional target of 1620. The stock has today made a high of 1614. At this Juncture, Titan is forming a bullish rectangle too whose targets on the upside are even farther. Buy: Titan CMP: 1608 Target: 1800 Stop Loss: 1535
Federal Bank setting up for a breakout. Go long for a target of 96 with a Stop loss of 82.
Long term call: The one stock that I like the most at the moment is $IIFL Securities. Very tempting chart setup. Either buy it in a gradual manner or wait for the stock to correct to 50 odd (preferred). Keep a stop loss at 43 & look for a 100% upside from the CMP in 10-12 months.
Buy Coal India. Target 190 Stop Loss : 125
#BPCL breaking out of a symmetrical triangle. 680 the price target in a period of about 12 months with this month's low of 380 as the stop loss. Time Scale : Monthly
Initiate Long. Target : 106 Stop Loss : 93