PTC India Ltd. CMP—Rs 70.65
Technical Outlook & Trading Strategy:-
The share price of PTC has seen a sharp fall from the highs of Rs 77.45 on 12st Aug 2011 to the lows of Rs 66 Levels. The stock has since then pulled back and tended to trade within the Rs 66---Rs 70.5 range. On the daily chart the stock has managed to close above its cluster of moving averages. The momentum indicator on the daily chart is also in a bullish zone suggesting more upside in the stock.
We recommend traders to buy in the range of Rs 70.4 — Rs 70.8 levels with a stop loss placed below Rs 68.4levels for targets of Rs 75 levels.
Showing posts with label Intrading trading strategy. Show all posts
Showing posts with label Intrading trading strategy. Show all posts
Friday, October 14, 2011
Tuesday, October 11, 2011
TRADING RECOMMENDATIONS 11 Oct
Alok Industries Ltd. CMP—Rs 18.90
Technical Outlook & Trading Strategy:-
The share price of Alok Industries has seen a sharp fall from the highs of Rs 25.6 on 1st Aug 2011 to the lows of Rs 15.6 Levels. The stock has since then pulled back and tended to trade within the Rs 15.6---Rs 20.3 range. On the daily chart the stock has managed to close above its cluster of moving averages. The momentum indicator on the daily chart is also in a bullish zone suggesting more upside in the stock.
We recommend traders to buy in the range of Rs 18.8— Rs 19.1 levels with a stop loss placed below `17.9 levels for targets of Rs 20.5 – Rs 22.5 levels.
Technical Outlook & Trading Strategy:-
The share price of Alok Industries has seen a sharp fall from the highs of Rs 25.6 on 1st Aug 2011 to the lows of Rs 15.6 Levels. The stock has since then pulled back and tended to trade within the Rs 15.6---Rs 20.3 range. On the daily chart the stock has managed to close above its cluster of moving averages. The momentum indicator on the daily chart is also in a bullish zone suggesting more upside in the stock.
We recommend traders to buy in the range of Rs 18.8— Rs 19.1 levels with a stop loss placed below `17.9 levels for targets of Rs 20.5 – Rs 22.5 levels.
TRADING RECOMMENDATIONS 11 Oct
Punj Lloyd Ltd. CMP— Rs 55.50
Technical Outlook & Trading Strategy:-
The share price of Punj Lloyd has taken strong support & seems to be making a double bottom at Rs 52.50 levels .It has shown a reversal bar at this level, suggesting that the bottom is in place. We expect the stock price to continue its upward movement and believe that it could test levels of Rs 58- Rs 59 shortly.
We recommend a buy at current price with stop loss placed below `53.70.
Technical Outlook & Trading Strategy:-
The share price of Punj Lloyd has taken strong support & seems to be making a double bottom at Rs 52.50 levels .It has shown a reversal bar at this level, suggesting that the bottom is in place. We expect the stock price to continue its upward movement and believe that it could test levels of Rs 58- Rs 59 shortly.
We recommend a buy at current price with stop loss placed below `53.70.
Monday, October 10, 2011
TRADING RECOMMENDATIONS 10 Oct
Shriram Transport Finance Company Ltd. CMP—Rs 576.80
Technical Outlook & Trading Strategy:-
The Shriram Transport has witnessed heavy selling pressure on Friday’s session of trade. The price of Shriram Transport also fell on the back of strong volumes. The Rs 587 levels was the crucial support for the price of Shriram Transport. But now a break below this level has opened up downside targets of Rs 540 / Rs 525 levels. The momentum indicators are also in sell mode and the price of Shriram Transport have been closing below its key moving averages cluster since the past few sessions of trade.
We recommend traders to sell in the range of Rs 574 – Rs 580 levels with a stop loss placed above Rs 601.6 levels for targets of Rs 540 – Rs 525 levels, expected to be achieved in coming few Sessions.
Technical Outlook & Trading Strategy:-
The Shriram Transport has witnessed heavy selling pressure on Friday’s session of trade. The price of Shriram Transport also fell on the back of strong volumes. The Rs 587 levels was the crucial support for the price of Shriram Transport. But now a break below this level has opened up downside targets of Rs 540 / Rs 525 levels. The momentum indicators are also in sell mode and the price of Shriram Transport have been closing below its key moving averages cluster since the past few sessions of trade.
We recommend traders to sell in the range of Rs 574 – Rs 580 levels with a stop loss placed above Rs 601.6 levels for targets of Rs 540 – Rs 525 levels, expected to be achieved in coming few Sessions.
TRADING RECOMMENDATIONS 10 Oct
Infrastructure Development Finance Company (IDFC) Ltd. CMP— 116.40
Technical Outlook & Trading Strategy:-
The share price of IDFC has seen a sharp fall from the highs of Rs 145 on 25th July 2011 to the lows of Rs 103.25 Levels.
The stock has since then pulled back and tended to trade within the Rs 103.25---Rs 116 range. On the daily chart the stock has managed to close above its cluster of moving averages. The momentum 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 on dips up to Rs113—Rs 114 levels with a stop loss placed below Rs 111.8 levels for targets of Rs 122 – Rs 130 levels.
Technical Outlook & Trading Strategy:-
The share price of IDFC has seen a sharp fall from the highs of Rs 145 on 25th July 2011 to the lows of Rs 103.25 Levels.
The stock has since then pulled back and tended to trade within the Rs 103.25---Rs 116 range. On the daily chart the stock has managed to close above its cluster of moving averages. The momentum 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 on dips up to Rs113—Rs 114 levels with a stop loss placed below Rs 111.8 levels for targets of Rs 122 – Rs 130 levels.
Friday, October 7, 2011
TRADING RECOMMENDATIONS OF TVS Motor Company
Technical Outlook & Trading Strategy:-
The key observation to be made is that the price of TVS MOTOR has formed a head and shoulder pattern on the Daily charts.
A breakdown from the said pattern would be confirmed when the price breaks below the neckline level of Rs 57.8 levels.
The momentum indicator is also in sell mode. The prices of TVS MOTOR will face severe selling pressure once it starts trading below the neckline level of Rs 57.8 levels.
We recommend traders to sell in the range of Rs 57.5 – Rs 58 levels with a stop loss placed above Rs 60.6 levels for targets of Rs 54.5 – Rs 52 levels, expected to be achieved in coming few Sessions.
The key observation to be made is that the price of TVS MOTOR has formed a head and shoulder pattern on the Daily charts.
A breakdown from the said pattern would be confirmed when the price breaks below the neckline level of Rs 57.8 levels.
The momentum indicator is also in sell mode. The prices of TVS MOTOR will face severe selling pressure once it starts trading below the neckline level of Rs 57.8 levels.
We recommend traders to sell in the range of Rs 57.5 – Rs 58 levels with a stop loss placed above Rs 60.6 levels for targets of Rs 54.5 – Rs 52 levels, expected to be achieved in coming few Sessions.
Wednesday, October 5, 2011
TRADING RECOMMENDATIONS OF Lupin
Technical Outlook & Trading Strategy:-
The share price of Lupin has registered a close below its cluster of moving averages. The momentum indicator on the daily chart is also in a bearish zone suggesting more downside in the stock.
We believe that the share price could decline towards the levels of Rs 448 /Rs 440 levels.
We recommend traders to sell in the range of Rs 462— Rs 466 levels with a stop loss placed above Rs 474.6 levels.
The share price of Lupin has registered a close below its cluster of moving averages. The momentum indicator on the daily chart is also in a bearish zone suggesting more downside in the stock.
We believe that the share price could decline towards the levels of Rs 448 /Rs 440 levels.
We recommend traders to sell in the range of Rs 462— Rs 466 levels with a stop loss placed above Rs 474.6 levels.
Tuesday, October 4, 2011
TRADING RECOMMENDATIONS Kotak Mahindra Bank
Technical Outlook & Trading Strategy:-
The share price of Kotak Mahindra Bank has registered a head and shoulders breakdown.
This is a bearish formation and the measuring implication of the pattern suggests that the price can decline towards the levels of Rs 420 / Rs 410 levels.
The momentum indicators have also turned into sell mode which displays weakness in the counter.
Traders can look to sell at current levels with a stop loss placed above Rs 460.60levels.
The share price of Kotak Mahindra Bank has registered a head and shoulders breakdown.
This is a bearish formation and the measuring implication of the pattern suggests that the price can decline towards the levels of Rs 420 / Rs 410 levels.
The momentum indicators have also turned into sell mode which displays weakness in the counter.
Traders can look to sell at current levels with a stop loss placed above Rs 460.60levels.
Monday, October 3, 2011
TRADING RECOMMENDATIONS HCL Technologies Ltd.
Technical Outlook & Trading Strategy:-
The share price movement of HCL Tech from 17 Aug 2011 till date appears to be forming a symmetrical triangle pattern.
It should be noted that symmetrical triangle patterns signify accumulation and suggest price advances once the breakout is recorded (at Rs 414 for the said pattern).
A break above the price level of Rs 414 should start an upside movement with possible price targets of Rs 440/ Rs 455 in a short period of time.
The momentum indicators on the daily chart are 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 402 – Rs 406 levels with a stop loss placed below Rs 394.4 levels for targets of Rs 430 – Rs 440 levels.
The share price movement of HCL Tech from 17 Aug 2011 till date appears to be forming a symmetrical triangle pattern.
It should be noted that symmetrical triangle patterns signify accumulation and suggest price advances once the breakout is recorded (at Rs 414 for the said pattern).
A break above the price level of Rs 414 should start an upside movement with possible price targets of Rs 440/ Rs 455 in a short period of time.
The momentum indicators on the daily chart are 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 402 – Rs 406 levels with a stop loss placed below Rs 394.4 levels for targets of Rs 430 – Rs 440 levels.
TRADING RECOMMENDATIONS GAIL
Technical Outlook & Trading Strategy:-
The price of GAIL Ltd has been consolidating within broad ranges of Rs 403 to Rs 476.5 levels.
But, the key observation to be made is that the price of GAIL Ltd has formed a head and shoulder pattern on the Daily charts.
A breakdown from the said pattern would be confirmed when the price breaks below the neckline level of Rs 409 levels.
The momentum indicator is also in sell mode. The prices of GAIL Ltd will face severe selling pressure once it starts trading below the neckline level of Rs 409 levels.
We recommend traders to sell below Rs 409 with a stop loss placed above Rs 422.1 levels for targets of Rs 392 / Rs 380 levels, expected to be achieved in coming few Sessions.
The price of GAIL Ltd has been consolidating within broad ranges of Rs 403 to Rs 476.5 levels.
But, the key observation to be made is that the price of GAIL Ltd has formed a head and shoulder pattern on the Daily charts.
A breakdown from the said pattern would be confirmed when the price breaks below the neckline level of Rs 409 levels.
The momentum indicator is also in sell mode. The prices of GAIL Ltd will face severe selling pressure once it starts trading below the neckline level of Rs 409 levels.
We recommend traders to sell below Rs 409 with a stop loss placed above Rs 422.1 levels for targets of Rs 392 / Rs 380 levels, expected to be achieved in coming few Sessions.
Friday, September 30, 2011
TRADING RECOMMENDATIONS Tata Power Company
Technical Outlook & Trading Strategy:-
The Tata Power has seen a sharp fall from the highs of Rs 133 on 5th July 2011 to the lows of Rs 93.05 Levels.
On the daily chart the stock has managed to close above its cluster of moving averages. The momentum 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 on dips up to Rs 99.5—Rs 100 levels with a stop loss placed below Rs 97.8 levels for targets of Rs 107 / Rs 110 levels.
The Tata Power has seen a sharp fall from the highs of Rs 133 on 5th July 2011 to the lows of Rs 93.05 Levels.
On the daily chart the stock has managed to close above its cluster of moving averages. The momentum 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 on dips up to Rs 99.5—Rs 100 levels with a stop loss placed below Rs 97.8 levels for targets of Rs 107 / Rs 110 levels.
Thursday, September 29, 2011
TRADING RECOMMENDATIONS Kotak Mahindra Bank
Technical Outlook & Trading Strategy:-
The share price movement of Kotak Mahindra Bank appears to be taking form of a Head & Shoulder pattern.
A Head & Shoulder is a bearish pattern as it is associated with sharp price decline once the share price records a breakdown from its neckline.
In the case of Kotak Mahindra Bank the neckline is placed at the levels of Rs 454. The measuring implications of the pattern suggest that following a breakdown the share price could head towards the following price levels: Rs 438 /Rs 430.
We recommend traders to sell below above Rs 454 with a stop placed above Rs 465.70 for the above mentioned target.
The share price movement of Kotak Mahindra Bank appears to be taking form of a Head & Shoulder pattern.
A Head & Shoulder is a bearish pattern as it is associated with sharp price decline once the share price records a breakdown from its neckline.
In the case of Kotak Mahindra Bank the neckline is placed at the levels of Rs 454. The measuring implications of the pattern suggest that following a breakdown the share price could head towards the following price levels: Rs 438 /Rs 430.
We recommend traders to sell below above Rs 454 with a stop placed above Rs 465.70 for the above mentioned target.
Wednesday, September 28, 2011
TRADING RECOMMENDATIONS TTK Prestige
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.
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.
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.
Tuesday, September 27, 2011
TRADING RECOMMENDATIONS Jindal Steel & Power.
Technical Outlook & Trading Strategy:-
The price of Jindal Steel has made a double top formation and fell sharply from a high of Rs 569.2 levels during last few sessions.
The double top formation is also backed by a heavy volume in the stock. The momentum indicator is also in bearish zone.
Thus, all of the above technical evidence is suggesting more downside. We recommend traders to sell 50% below 508 and again in the range of Rs 512-- – Rs 515 levels with a stop loss placed above Rs 523.6 levels for targets of Rs 490 – Rs 475 levels, expected to be achieved in coming few Sessions.
TRADING RECOMMENDATIONS State Bank of India
Technical Outlook & Trading Strategy:-
The Share price of State Bank of India appears to be forming an Inverted head and shoulder pattern.
A breakout from the said pattern would be confirmed once the share price breaks above the neckline resistance level of Rs 2020.
Traders can look to buy at current price and again on pullback to the levels of Rs 1930- Rs 1920 for the above mentioned first target and place a stop at Rs 1887.80.
Once the stock price trades below Rs 2020, traders can add to long positions with a revised stop placed at Rs 1950.
We believe that if the Inverted Head & Shoulders formation does record a breakout, the stock price could head towards the levels of Rs 2080/ Rs 2130.
Monday, September 26, 2011
TRADING RECOMMENDATIONS ACC Ltd.
Technical Outlook & Trading Strategy:-
The share price of ACC Ltd has already been moving up for the last few days and is very likely that the stock price will test its immediate resistance of Rs 1135 - Rs 1142.5 in the next few days.
The momentum indicators remain in the rising trajectory and indicate strength in the current up-move. The stock is also sustaining above its Cluster moving averages.
We recommend traders to buy only in the case of any pullback in the market , buy 50% now and again on dips up to 1060--1055 levels with a stop loss placed below Rs 1037.8 levels for targets of Rs 1110 – Rs 1140 levels.
TRADING RECOMMENDATIONS Housing Development Finance Corporation Ltd
Technical Outlook & Trading Strategy:-
The Share price of HDFC Ltd has been consolidating within broad ranges of Rs 612.4 to Rs 732 levels.
But, the key observation to be made is that the price of HDFC Ltd has formed a head and shoulder pattern on the Daily charts.
A breakdown from the said pattern would be confirmed when the price breaks below the neckline level of Rs 623.5 levels.
The momentum indicator is also in sell mode. The prices of HDFC Ltd will face severe selling pressure once it starts trading below the neckline level of Rs 623.5 levels.
We recommend traders to sell 50% below Rs 623.5 and again in the range of Rs 632 – Rs 636levels with a stop loss placed above Rs 645.6 levels for targets of Rs 600 – Rs 582 levels, expected to be achieved in coming few Sessions.
Friday, September 23, 2011
TRADING RECOMMENDATIONS Larsen & Toubro
Technical Outlook & Trading Strategy:-
The share price of Larsen & Toubro has registered a break-out from a Head & Shoulders pattern. This is a bearish pattern and the measuring implication suggests towards a strong possibility of the share price declining towards the level of Rs 1450 /Rs 1435 / Rs 1400 in the near future.
We recommend a sell at current price and on pullback to the level of Rs 1505 - Rs 1515 with stop loss placed above 1542 for the aforementioned targets.
Wednesday, September 21, 2011
TRADING RECOMMENDATIONS Housing Development Finance Corporation Ltd.
Technical Outlook & Trading Strategy:-
The share price of HDFC has registered a break-out from its Inverted Head & Shoulders pattern (Intraday chart).
This is a bullish pattern and the measuring implication suggests towards a strong possibility of the share price heading to the targets of Rs 695 /Rs 705. We recommend buy at current price with a stoploss placed below Rs 656.40.
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