GMDC Ltd. CMP— Rs 145.30
We recommend going long in this counter at current levels.
Technical Outlook:-
The share price of GMDC has registered a breakout from its resistance levels of Rs 145. The overall technical setup remains positive.
We believe that the share price could enjoy good upside momentum in the short term and test levels of Rs 151- Rs 153. The stock is also sustaining above its near term and short term moving average clusters which is also a sign of strength in the counter. The momentum indicators of the stock are also in buy mode.
Suggested Trading Strategy:-
We recommend traders to buy 50% now and again in the range of Rs 143 – Rs 144 levels with a stop loss placed below Rs 141.40 levels for targets of Rs 150 – Rs 155 levels, expected to be achieved over the coming 3-4 sessions.
Tuesday, May 31, 2011
Friday, May 27, 2011
TRADING RECOMMENDATIONS For 26Th May
OFSS Ltd. CMP— Rs 2212.05
We recommend going long in this counter at current levels.
Technical Outlook:-
The most important observation to be made on the daily charts of OFSS is that the share price has given a breakout from a
pennant formation, which is a continuation pattern and suggests the stock has gained momentum for a fresh up move after
consolidating for the past few sessions of trade. The momentum indicators of the stock are still bullish zone and indicate strength
in the current up-move. We believe that the stock price could test the level of Rs 2280- Rs 2350 levels in near future.
Suggested Trading Strategy:-
Hence we recommend buying 50% at current levels and again between Rs 2180--Rs 2160 levels with a stop loss placed below
Rs 2138.70 levels for the targets of Rs 2280 and/or Rs 2350 levels, expected to be achieved over the upcoming 2-3 sessions of trade.
Check our website for free stock market tips on Intraday Trading , Equity Trading Calls , Pay Per call (DV Ace) , Commodities MCX , Commodities NCDEX
We recommend going long in this counter at current levels.
Technical Outlook:-
The most important observation to be made on the daily charts of OFSS is that the share price has given a breakout from a
pennant formation, which is a continuation pattern and suggests the stock has gained momentum for a fresh up move after
consolidating for the past few sessions of trade. The momentum indicators of the stock are still bullish zone and indicate strength
in the current up-move. We believe that the stock price could test the level of Rs 2280- Rs 2350 levels in near future.
Suggested Trading Strategy:-
Hence we recommend buying 50% at current levels and again between Rs 2180--Rs 2160 levels with a stop loss placed below
Rs 2138.70 levels for the targets of Rs 2280 and/or Rs 2350 levels, expected to be achieved over the upcoming 2-3 sessions of trade.
Check our website for free stock market tips on Intraday Trading , Equity Trading Calls , Pay Per call (DV Ace) , Commodities MCX , Commodities NCDEX
Thursday, May 26, 2011
TRADING RECOMMENDATIONS For 25Th May
Wipro Ltd. CMP— Rs 439.45
We recommend going short in this counter at current levels.
Technical Outlook:-
The important observation to be made on the price chart of Wipro Ltd. is that the price movement since 21 st March 2011 is forming Bearish Head & Shoulders Pattern on the daily chart. Traders should note that the Bearish Head & Shoulders Pattern is the most
acclaimed Bearish reversal pattern. The stock is trading below its key long term moving average. The RSI indicator on the daily chart has also given fresh sell signal.
Suggested Trading Strategy:-
Hence we recommend selling 50% at current levels and again between Rs 443--Rs 445 levels with a stop loss placed above Rs 451.60
levels for the targets of Rs 420 and/or Rs 408 levels, expected to be achieved over the upcoming 3-4 sessions of trade.
Check our website for free stock market tips on Intraday Trading , Equity Trading Calls , Pay Per call (DV Ace) , Commodities MCX , Commodities NCDEX
We recommend going short in this counter at current levels.
Technical Outlook:-
The important observation to be made on the price chart of Wipro Ltd. is that the price movement since 21 st March 2011 is forming Bearish Head & Shoulders Pattern on the daily chart. Traders should note that the Bearish Head & Shoulders Pattern is the most
acclaimed Bearish reversal pattern. The stock is trading below its key long term moving average. The RSI indicator on the daily chart has also given fresh sell signal.
Suggested Trading Strategy:-
Hence we recommend selling 50% at current levels and again between Rs 443--Rs 445 levels with a stop loss placed above Rs 451.60
levels for the targets of Rs 420 and/or Rs 408 levels, expected to be achieved over the upcoming 3-4 sessions of trade.
Check our website for free stock market tips on Intraday Trading , Equity Trading Calls , Pay Per call (DV Ace) , Commodities MCX , Commodities NCDEX
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