Syndicate Bank Ltd. CMP— RS 122.50
Technical Outlook & Trading Strategy:-
The share price of Syndicate Bank has registered a break-out from its Inverted Head & Shoulders pattern.This is a bullish formation and the measuring implication suggests towards a strong possibility of the share price heading to the targets of RS 127/ RS 129 in the near future.
We recommend a buy at current price with stop loss placed below RS 118.30 for the aforementioned targets.
Wednesday, July 20, 2011
TRADING RECOMMENDATIONS Aurobindo Pharma Ltd.
Aurobindo Pharma Ltd. CMP - Rs 176.60
Technical Outlook & Trading Strategy:-
The share price of Aurobindo Pharma has registered a breakout from its cluster of moving averages.The momentum indicators remain in the rising trajectory and indicate strength in the current up-move.We expect the stock price to decline towards the level of Rs 183 / Rs 186 in the upcoming session.
We recommend a buy at current price with stop loss placed below Rs 171.20 for the aforementioned targets.
Technical Outlook & Trading Strategy:-
The share price of Aurobindo Pharma has registered a breakout from its cluster of moving averages.The momentum indicators remain in the rising trajectory and indicate strength in the current up-move.We expect the stock price to decline towards the level of Rs 183 / Rs 186 in the upcoming session.
We recommend a buy at current price with stop loss placed below Rs 171.20 for the aforementioned targets.
Subscribe to:
Posts (Atom)