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.
Tuesday, July 19, 2011
TRADING RECOMMENDATIONS Adani Power Ltd.
Adani Power Ltd. CMP— RS 113.25
Technical Outlook & Trading Strategy:-
The Adani Power has seen a sharp fall from the high of RS 144.6 on 11th Aug 2010 to a low of RS 105.85 on 23th June2011.On the daily chart the stock has managed to close above its cluster of moving averages. The MACD indicator on the daily chart is also in a bullish zone suggesting more upside in the stock.
We recommend traders to buy 50% now and again in the range of RS 110 – RS 111 levels with a stop loss placed below RS 107.8 levels for targets of RS 120 / RS 124 levels.
Technical Outlook & Trading Strategy:-
The Adani Power has seen a sharp fall from the high of RS 144.6 on 11th Aug 2010 to a low of RS 105.85 on 23th June2011.On the daily chart the stock has managed to close above its cluster of moving averages. The MACD indicator on the daily chart is also in a bullish zone suggesting more upside in the stock.
We recommend traders to buy 50% now and again in the range of RS 110 – RS 111 levels with a stop loss placed below RS 107.8 levels for targets of RS 120 / RS 124 levels.
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