ICICI Bank Ltd. CMP—Rs 1054.00
Technical Outlook & Trading Strategy:-
The share price of ICICI Bank appears to be forming an inverted Head & Shoulder pattern (Intraday Chart).This is a bullish formation and the measuring implication of the pattern suggests that the price can advance to levels of Rs 1074
/Rs 1090levels.
Thursday, July 14, 2011
TRADING RECOMMENDATIONS Arvind Ltd.
Arvind Ltd. CMP - Rs 85.75
Technical Outlook & Trading Strategy:-
The share price of Arvind has registered a breakout from its declining trendline placed at Rs 83.50 levels with an increase in trading volumes. The overall technical set up remains positive. As a result of this breakout we expect the stock price to advance towards the level of Rs 89 / Rs 91 in the near future.
Long positions are recommended at current levels and again on dips to the levels of Rs 84.80 - Rs 84.30 with a stop placed below Rs 82.80 levels.
Technical Outlook & Trading Strategy:-
The share price of Arvind has registered a breakout from its declining trendline placed at Rs 83.50 levels with an increase in trading volumes. The overall technical set up remains positive. As a result of this breakout we expect the stock price to advance towards the level of Rs 89 / Rs 91 in the near future.
Long positions are recommended at current levels and again on dips to the levels of Rs 84.80 - Rs 84.30 with a stop placed below Rs 82.80 levels.
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