Technical Outlook & Trading Strategy:-
The share price of TTK Prestige has found good support at the rising trend line support placed at Rs 2560.
The stock has taken support on couple of occasions in the past & has been moved decisively on upside, which is bullish sign.
Hence we expect the bounce back to continue to following levels: Rs 2745/ Rs 2830.
We recommend buy at current level and again on pullback to the levels of Rs 2600- Rs 2590 with a stoploss placed below the Rs 2544.40 levels.
Wednesday, September 28, 2011
TRADING RECOMMENDATIONS Wipro
Technical Outlook & Trading Strategy:-
The share price of Wipro has registered a break-out above 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 test levels of Rs 362/ Rs 374 shortly. We recommend a buy at current level and again on pullback to the levels of Rs 341-Rs 344 with a stop loss placed below the level of Rs 334.80.
The share price of Wipro has registered a break-out above 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 test levels of Rs 362/ Rs 374 shortly. We recommend a buy at current level and again on pullback to the levels of Rs 341-Rs 344 with a stop loss placed below the level of Rs 334.80.
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