Technical Analysis
Technical Buy Call: GUJARAT ALKALI - Rs 185.40
Technical Buy Call: GUJARAT ALKALI - Rs 185.40
1st Target: Rs 218 (4-6 weeks) 2nd Target: 227 (12-14 weeks) Stoploss: Rs 169
Gujarat Alkali peaked to an intra-week high of Rs 243.75 in the week ended May 5, 2006, and then reversed the next few week, struggled a bit at 244 level before declining to post an [...]
Technical Buy Call: Bata India - Rs. 167.85
Technical Buy Call: Bata India - Rs. 167.85
1st Target: Rs 192 (4-6 weeks) 2nd Target: Rs 201 (12 -14 weeks) Stoploss: Rs 156
Bata India bottomed out by posting an intra-week low of Rs 096.00 during the week ended August 5, 2005, and these levels have not been seen since. The scrip struggled a bit but [...]
Technical Analysis: Patel Engineering - Worth Buying now
Patel Engineering is trading at Rs 420.9 now and despite the scary plunge from Rs 640 to Rs 286 in the three months from May this year, there is still some hope left for the investors in this stock. The stock reversed from the key support zone around Rs 300 in July and is currently [...]
Technical Analysis: State Bank of India [SBI]
Last week, SBI rallied strongly to move past outermost short-term target at Rs 1,556. Keep in mind, the stock faces strong resistance at Rs 1,535 (38.2 per cent retracement of the down move from January peak) and at Rs 1,610 where the 200-day moving average is positioned.
A reversal from this zone can result in the [...]
Technical Analysis of Infosys
This stock recorded a sharp reversal on Friday forming a bearish engulfing candle in the daily chart. This move has also made the stock close below both the 200 and 50-day moving averages and also below the key medium-term support at Rs 1,700.
Both the daily and the weekly momentum oscillators are in the sell mode [...]
Technical Analysis of State Bank of India [SBI]
This stock sustained above the key long-term support at Rs 1,000 and moved higher to achieve our short-term target at Rs 1,260. A morning star is being formed in the weekly candlestick chart. This pattern, coupled with the 10-day rate of change oscillator moving in to the positive territory, imply that an intermediate term trough [...]
Technical Analysis For Coming Week
Chambal Fertilizers: Cmp-90.65- Sell The Stock Around 92.5 With A Stop Of 95 And Expect A Correction Upto 86.6
Ranbaxy Lab: Cmp- 567.75- The Stock Will Continue To Be In A Trading Band. Buy Around 559 With A Stop Of 553 And Sell At 582 With A Stop Of 586.
Tisco: Cmp- 848- The Stock Could Correct [...]
Technical Analysis: Stocks to Watch This Week
CAIRN IND: cmp- 263.95- the stock is poised for a smart rally from the current level perhaps upto 274..278. Take a risk of rs.4 and buy at the current level
BHEL: cmp- 1444.8- the stock is in oversold zone and decent pull back upto 1500/1518 is on cards. Buy around 1452 and 1436 with a stop [...]
Technical Analysis Based Buy Calls
ABAN OFFSHORE LIMTIED
The stock closed at Rs.4117.15 on 23rd May 2008. It made a 52-week low at Rs.2405.00 on 17th May 2007 and 52-week high of Rs.5416.00 on 07th January 2008. The 200 days Exponential Moving Average (EMA) of the stock is currently at Rs.3598. On the daily charts, the stock is in buy on [...]
