ITC Ltd. CMP— Rs 205.75
Technical Outlook & Trading Strategy:-
The share price of ITC has registered a breakout from its resistances levels of Rs 205. The overall technical set up remains positive We believe that the share price could enjoy good upside momentum in the short term and test levels of Rs 213/ Rs 216.
We recommend a buy above Rs 206.50 with a stoploss placed below Rs 200.70
Thursday, July 21, 2011
TRADING RECOMMENDATIONS HDIL Ltd.
HDIL Ltd. CMP - Rs 156.75
Technical Outlook & Trading Strategy:-
The share price of HDIL has registered a breakdown from its rising trendline support and in the process has closed below its cluster of moving averages. We expect the stock price to decline towards the level of Rs 150.50 / Rs 148 in the
near future.
We recommend a sell at current price and again on pullback to the levels of Rs 158- Rs 159 with stop loss placed above Rs 162.80 for the aforementioned targets.
Technical Outlook & Trading Strategy:-
The share price of HDIL has registered a breakdown from its rising trendline support and in the process has closed below its cluster of moving averages. We expect the stock price to decline towards the level of Rs 150.50 / Rs 148 in the
near future.
We recommend a sell at current price and again on pullback to the levels of Rs 158- Rs 159 with stop loss placed above Rs 162.80 for the aforementioned targets.
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