Saturday, March 25, 2017

Bank Of Maharashtra

                                                                                                    daily chart

Stock of Bank of Maharashtra has given breakout from downward slope as shown in the chart. Close observation also shows bottoms are rounding bottoms indicating stock is changing it trend from down to up.  Stock can be bought at CMP or in dips till 30 for a substantial upside in medium to longer term. Traders should be cautious as overall trend is yet down. 

Thursday, March 2, 2017

Shakti Pump

                                                               daily chart

Stock of Shakti pump broke out of a trending line as shown in the chart. This break out may take this stock to new highs in coming weeks if not in days. Also, overall trend is also in favor of this breakout. Traders can wait for correction from current levels or buy this stock CMP or in dips till 140 for handsome returns in near future. Exit this stock when you see euphoric highs.
Stop loss below 140 recommended.

(We don't give specific targets as we don't believe in them and best time to exit stock is when we see euphoria in it's prices)