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.
Monday, October 10, 2011
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.
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