Moser-Baer Ltd. CMP—Rs 38.45
Technical Outlook & Trading Strategy:-
The share price has rebounded strongly from its support level of Rs 37.50 levels.It has shown a reversal bar at this level, suggesting that the bottom is in place.We expect the stock price to continue its upward movement and believe that it could test levels of Rs 39.80 / Rs 41 shortly.
We recommend buy above Rs 38.80 levels with a stoploss placed below Rs 37.80 levels.
Wednesday, July 13, 2011
TRADING RECOMMENDATIONS Indiabulls Real Estate Ltd.
Indiabulls Real Estate Ltd. CMP - Rs 113.10
Technical Outlook & Trading Strategy:-
The share price of Indiabulls Real Estate has registered a breakdown form its cluster of moving averages.The momentum indicators remain in negative territory indicating weakness in the stock price.We expect the stock price to decline towards the level of Rs 109 / Rs 106 in the upcoming session.
Short positions are recommended at current levels with a stop placed above Rs 116.60.
Technical Outlook & Trading Strategy:-
The share price of Indiabulls Real Estate has registered a breakdown form its cluster of moving averages.The momentum indicators remain in negative territory indicating weakness in the stock price.We expect the stock price to decline towards the level of Rs 109 / Rs 106 in the upcoming session.
Short positions are recommended at current levels with a stop placed above Rs 116.60.
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