Technical Analysis
Technical Analysis - Reliance Capital - 06-Mar-2010
Reliance Capital surged 8 per cent higher in the Budget session on the announcement that non-banking finance companies would be given banking licences. The stock followed up this surge with 2 per cent weekly gain, closing higher in the last three sessions. The medium term trend in the stock is however sideways between Rs 680 [...]
Technical Analysis - Jaiprakash Associates - 06-Mar-2010
Jaiprakash Associates (Rs. 146.1) surged mid-week after its February cement shipment jumped 61 per cent. This stock was in a sideways correction in the range between Rs 125 and Rs 180 since last May. It is now reversing higher from the lower end of this trading range giving it the short-term targets of Rs 158 [...]
Technical Analysis - Sesa Goa - 06-Mar-2010
Sesa Goa (Rs 446.2) sizzled in the first three sessions of the week and ended with 11 per cent gain. Expectation of strong demand for iron ore pushing prices higher helped the stock scale its former life-time high of Rs 424.4 and close strongly above it. The stock is clearly on fire and short-term investors can [...]
Technical Analysis - Reliance Industries - 06-Mar-2010
Reliance Industries was in the limelight again as the Lyondell Basell saga finally drew to a close with the Rotterdam based-company rejecting Reliance’s $14.5-billion bid to gain control over it. The stock formed the low of Rs 962 in the pre-budget sessions. But it spiked 4.5 per cent on Wednesday when it was announced that [...]
Technical Analysis - Tata Motors - 06-Mar-2010
Tata Motors (Rs 795.3) vroomed higher in the opening session of the week propelled by strong quarterly numbers from its British arm, JLR and robust sales in February. The stock however gave up some gains on Friday to end the week 12 per cent higher. Key intermediate term resistance for this stock was at Rs [...]
Dalal Street Technical Buy Call - Colgate Palmolive
Colgate Palm.
CMP - Rs 705.10
1st Target: 745 (4-6 weeks)
2nd Target: 771 (12-14 weeks)
Stoploss: 685.00 (cls)
Colgate Palm. bottomed out by posting an intra-week low of Rs. 341.00 during the week ended 10th October 2008 and these levels have rarely been seen since. The scrip launched into an intermediate uptrend, and rallied to peak at an intra-week [...]
Technical Analysis - Coromandel International - 21st Feb 2010
Coromandel International (Rs 275.2) - Fertiliser stocks were a buzz last week as Government hiked urea prices and approved a plan to pay subsidies to these companies based on nutrient content. Coromandel International rallied 13 per cent to the peak of Rs 289 on Friday before giving up some gains. The stock has long-term support [...]
Technical Analysis - NMDC - 21st Feb 2010
NMDC (Rs 457.6) - NMDC has also been in the news for its upcoming FPO and proposed change in pricing structure. The stock had been witnessing sharp spikes and equally severe declines over the last two weeks. Immediate supports for the stock are at Rs 440, Rs 427 and Rs 393. Short-term investors should divest [...]
Technical Analysis - Hindalco - 21st Feb 2010
Hindalco Industries (Rs 149.9) - This stock soared merrily in the first half of the week after its North American unit Novelis returned to profit in the third quarter. The stock jumped to an intra-week peak of Rs 154.8 before giving up some gains towards the weekend.
Hindalco retraced 33 per cent of the up-move recorded [...]
Technical Analysis - Reliance Industries - 21st Feb 2010
Reliance Industries (Rs 983.2) - It is very hard to keep Reliance Industries away from the thick of the action and the stock led the market lower in the last two sessions on concern that its bid to buy Lyondell Basell Industries may have to be raised. The steep plunge from the intra-week peak of [...]
