As seen in the chart stock is moving in a sideways trend with triple bottom (support) near 85 and double top near near 109. Stock can be bought at CMP (90.1 as on 21st March 14) with target of 108 and stop loss below 84.
Sunday, March 23, 2014
India glycol ltd
As seen in the chart stock is moving in a sideways trend with triple bottom (support) near 85 and double top near near 109. Stock can be bought at CMP (90.1 as on 21st March 14) with target of 108 and stop loss below 84.
Sunday, March 2, 2014
Gujrat State Petronet
Stock has formed a falling wedge pattern as seen in the chart and breakout from it on 24th Feb 14 indicates stock has potential to go up further. It can be bought at CMP (57.95) for the short term target of 70. Stop loss at 55 recommended.
Pratibha industries
Stock is trading around its key level of 25.5 which became support and resistance (when support is broken it becomes resistance and vice versa) multiple times as shown n the chart. Stock has again closed just above its key level on friday (28th Feb 14) at 26.35. Also it has managed to close above 200 DMA and trading well above 100 DMA. Both signs are bullish in short term and stock may go up to the level of 31. Stop loss below 25.2 recommended.
Bharti Infratel
As per charts, stock has given breakout from triangular pattern 28th Feb 14 which is a bullish sign. Stock also managed to close above a bunch of its key moving averages. Stock can be bought at CMP (179.8) or in downside till 176 for the target of 197 is the short term.
Stop loss at 170 recommended.
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