The down trend has started and we may see a sub 70 level by end of this month
May consolidate and go to a level around 2600. Medium term target:3200
Indo Borax consolidating but hold above ¼ angle nicely. Support 630, target 1000
With the uninterrupted UC's in Kanchi, the circuit being 2%, we may see a level of 950 by end September.
Hikal: With the up move on Friday the stock has come out of the bearish shadow. 8/1 angle support ( long period) is at 159 which is expected to hold. With an interim resistance at 176, it should find a level of 185 in short/ medium term.
Bullish move expected support: 637 Target: 740
There is no intermediate resistance and if the stock sustains above 498-500, intermediate term target will be 840 above.
Sadhana Nitro, which had gone down the ¼ line 20th August, has recouped ¼ line on Friday. We are now likely to see a level of 862 in near term and a down trend may follow. Medium term target is at 1350
HEG: Will make a move on monday, up or down. Support 4000.
The upmove is expected to continue now, I expect a move up to 1185 in this run up.
Interim support is at 514, expected to move unhindered to 605 with occassional consolidation on the way.
The stock touched 3/1 support at 655 but went up and managed to close at 663.90. The channel was broken on up move and the next resistance expected is at 720, support being at 655
May temporarily go down to 967, however it seems, up move imminent.
Once upmove starts, in short/ medium term 36000 can be seen.