ICICI Bank Ltd. CMP—Rs 1054.00
Technical Outlook & Trading Strategy:-
The share price of ICICI Bank appears to be forming an inverted Head & Shoulder pattern (Intraday Chart).This is a bullish formation and the measuring implication of the pattern suggests that the price can advance to levels of Rs 1074
/Rs 1090levels.
Showing posts with label trading recommendation.. Show all posts
Showing posts with label trading recommendation.. Show all posts
Thursday, July 14, 2011
TRADING RECOMMENDATIONS Arvind Ltd.
Arvind Ltd. CMP - Rs 85.75
Technical Outlook & Trading Strategy:-
The share price of Arvind has registered a breakout from its declining trendline placed at Rs 83.50 levels with an increase in trading volumes. The overall technical set up remains positive. As a result of this breakout we expect the stock price to advance towards the level of Rs 89 / Rs 91 in the near future.
Long positions are recommended at current levels and again on dips to the levels of Rs 84.80 - Rs 84.30 with a stop placed below Rs 82.80 levels.
Technical Outlook & Trading Strategy:-
The share price of Arvind has registered a breakout from its declining trendline placed at Rs 83.50 levels with an increase in trading volumes. The overall technical set up remains positive. As a result of this breakout we expect the stock price to advance towards the level of Rs 89 / Rs 91 in the near future.
Long positions are recommended at current levels and again on dips to the levels of Rs 84.80 - Rs 84.30 with a stop placed below Rs 82.80 levels.
Wednesday, July 13, 2011
TRADING RECOMMENDATIONS Moser-Baer Ltd.
Moser-Baer Ltd. CMP—Rs 38.45
Technical Outlook & Trading Strategy:-
The share price has rebounded strongly from its support level of Rs 37.50 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 39.80 / Rs 41 shortly.
We recommend buy above Rs 38.80 levels with a stoploss placed below Rs 37.80 levels.
Technical Outlook & Trading Strategy:-
The share price has rebounded strongly from its support level of Rs 37.50 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 39.80 / Rs 41 shortly.
We recommend buy above Rs 38.80 levels with a stoploss placed below Rs 37.80 levels.
TRADING RECOMMENDATIONS Indiabulls Real Estate Ltd.
Indiabulls Real Estate Ltd. CMP - Rs 113.10
Technical Outlook & Trading Strategy:-
The share price of Indiabulls Real Estate has registered a breakdown form its cluster of moving averages.The momentum indicators remain in negative territory indicating weakness in the stock price.We expect the stock price to decline towards the level of Rs 109 / Rs 106 in the upcoming session.
Short positions are recommended at current levels with a stop placed above Rs 116.60.
Technical Outlook & Trading Strategy:-
The share price of Indiabulls Real Estate has registered a breakdown form its cluster of moving averages.The momentum indicators remain in negative territory indicating weakness in the stock price.We expect the stock price to decline towards the level of Rs 109 / Rs 106 in the upcoming session.
Short positions are recommended at current levels with a stop placed above Rs 116.60.
Tuesday, July 12, 2011
TRADING RECOMMENDATIONS Bhushan Steel Ltd.
Bhushan Steel Ltd. CMP -RS 431.95
Technical Outlook & Trading Strategy:-
The share price of Bhushan Steel has broken below its critical supports of RS 436 levels. In simple technical outlook,violation of important support should indicate further price declines. We believe that the stock price could decline to the next support levels of RS 414 / RS 405 in forthcoming trading sessions.
Short positions are recommended at current levels with a stop placed above RS 443.50.
Technical Outlook & Trading Strategy:-
The share price of Bhushan Steel has broken below its critical supports of RS 436 levels. In simple technical outlook,violation of important support should indicate further price declines. We believe that the stock price could decline to the next support levels of RS 414 / RS 405 in forthcoming trading sessions.
Short positions are recommended at current levels with a stop placed above RS 443.50.
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