Stock is trading sideways since last two years. Since last few days stock is trading in a downward sloping channel which if stock breaks then it may go up to touch the previous high of 118 on medium term basis. Stop loss below 93 recommended.
Tuesday, February 4, 2014
Fortis
Stock is trading sideways since last two years. Since last few days stock is trading in a downward sloping channel which if stock breaks then it may go up to touch the previous high of 118 on medium term basis. Stop loss below 93 recommended.
Panacea Biotech
Stock has broken out of triangular chart pattern on monthly chart. After breakout stock went up to 146 from 100 in Sept 2013 but could not sustain at higher level and came down to 95 (CMP as on 4rth Feb 14) in following months. Stock may show sudden upward rally as per charts. It can be bought with stop loss below 85 for the target of 120-125.
Sunday, February 2, 2014
Godrej industries ltd
Stock is trading sideways since last six months forming narrowing wedge pattern on the daily chart. Stock is now trading below all its key moving averages. If stock trades above all its key averages then traders can buy (or wait for stock to breakout of the pattern) the stock with short term target of 330. Stop loss below 250 recommended.
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