Lanco Infratech Ltd. CMP—Rs 17.65
Technical Outlook & Trading Strategy:-
The most important observation to be made on the charts of Lanco Infratech is the positive divergence displayed by indicators. They signal that the declining movement of the price could have lost force and in all likelihood give some kind of a bounce back. In the short term we expect the share price to head towards the target of Rs 19 -Rs 20 levels.
We recommend buy at current levels and again on pullbacks to level of Rs.17.30 -Rs 17 with a stoploss placed below Rs 16.40.
Wednesday, September 7, 2011
TRADING RECOMMENDATIONS for 7th Sept
VIP Industries Ltd. CMP—Rs 923.45
Technical Outlook & Trading Strategy:-
The share price of VIP Industries has registered a break-out above its key resistance level of ` 911 and has closed at an all time high levels. The momentum indicators remain in the rising trajectory and indicate strength in the current up-move. We expect the stock price to test levels of Rs 950/ Rs 975 shortly.
We recommend a buy with a stop loss placed below the level of Rs 896.80
Technical Outlook & Trading Strategy:-
The share price of VIP Industries has registered a break-out above its key resistance level of ` 911 and has closed at an all time high levels. The momentum indicators remain in the rising trajectory and indicate strength in the current up-move. We expect the stock price to test levels of Rs 950/ Rs 975 shortly.
We recommend a buy with a stop loss placed below the level of Rs 896.80
Subscribe to:
Posts (Atom)