Sunday, August 11, 2013

Orient green power

                                               
                                                              monthly chart

On monthly chart stock of Oriental green power is trading in a trading channel as seen in the chart. Stock has taking support on the lower trend line of the channel and if it holds the support then it may go up to 17 in the coming months. Stock can be bought at CMP (11.9) .
Stop loss at 10.4 recommend.

Saturday, August 10, 2013

Delta corp

                                                         Delta corp daily chart

Daily chart of Delta corp is showing break our from narrowing triangle with higher volume than previous days. Stock has also broken its 50 DMA and trading well above 20 DMA. These signs indicate stock may go up in coming days/weeks touching the level of 64 in short to medium term. On other side stock failed to give its daily/weekly close above 100 DMA and still trading below its 200 DMA which indicate stock is still in bearish trend as long as longer term trend is concerned. Traders can buy this stock at CMP (56) or on any fall above 53 for short term target of 64.
Stop loss at 50 recommended.