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Short Term

Short-Term Investments – Unichem Laboratories Ltd : IDBI Capital

in Short Term

From appended weekly chart we can make out that this pharmaceuticals counter offered a fantastic breakout in May’09 from a range bound phase of almost four months. Thereafter prices offered a nice rally taking support of middle Bollinger band from 175 level till 452 in April’10 where the rally got capped. The stock topped out [...]

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Short-Term Investments – Amara Raja Batteries Ltd : IDBI Capital

in Short Term

The counter got refreshed in Mar ’09 at 30 levels and resumed its uptrend. During May’09 on back of aggressive buying, stock got fresh boost subsequent to surpassing 40 week SMA and offered a nice rally till 182. After having rocketed from 30 to 182 and also because the trend had got a tad overstretched [...]

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Short-Term Investments – ITC Ltd – IDBI Capital

Short Term

After forming a “hammer” pattern the prices of this counter bottomed out and the upward movement gained strength after overcoming resistance of 40-week SMA in March’09 forming a bullish candle. The stock since then moved up nicely only to find resistance in Oct’09 of an ascending Gann line (from Jan’08 high) and we can note [...]

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Short Term Investment : ACC : IDBI Capital

Short Term

Attached alongside is the daily chart of ACC with a 13 DMA (prices holding since Oct 09), Fibonacci lines and value area marked on it. All these context definers are combined to produce good supports around 890 levels. The stock after witnessing profit booking pressure from the recent high of 929, has now approached this [...]

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Bank Of Baroda – Short Term Investments

Short Term

Banking sector is amongst those that has been pretty active in Friday’s session. With most of the PSU Banks producing strong trended moves, one can also see strong buying activity picking up with good pattern on the Technical charts in Bank Of Baroda as well. Prices have been going through a short term  on solidation [...]

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Century Textile – Short Term Investments

Short Term

Attached alongside is the daily chart of Century Textile with a Gann line, MA and Fibonacci lines overlaid on it. All these context definers are combined to produce good supports at 474-77 levels. The stock after witnessing continuous downtrend in the past two weeks has now approached this region where the above mentioned support clusters [...]

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Purvankara Projects Limited : Short Term Investment

Broker tips

A “hammer” in January 2009 halted declines in this realty counter with prices touching a low of 26. Stock moved up gradually discovering support of ascending Gann Line, albeit on lower volumes. However, retracement level of 123 proved to be a resistance in June 2009, resulting in stock giving some of its gains. Prices recovered [...]

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Viceroy Hotels Short Term Investment

Broker tips

This hotel counter stalled its sharp decline at 14.45 in March 2009. Lower levels attracted buying interest resulting in prices stage recovery. Stock completed rounding pattern at 46, but “dark-cloud” cover at this value area in June 2009, short-circuited further advanced. Prices have since then formed a couple of rounding patterns though of smaller degree, [...]

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Gitanjali Gems : Short Term Investment

Broker tips

This counter lost its sheen with prices being reduced from high of 480 (December 2007) to low of 32.50 (March 2009). Lower levels attracted buying interest and resulted in bulls staging a recovery. Though 40-week EMA proved to be a resistance, positive sentiments that had returned in broader markets had a spilling effect on this counter too, leading [...]

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3I Infotech : Short Term Investment

Broker tips

3I Infotech Prices of this counter skyrocketed subsequent to its March 2009 low of 25. Stock raced higher and touched high of 95 in June, generating decent return for its value investors in a short span of three-months. Bears hit back at 95 levels and dragged prices lower, but 40-week EMA proved to be a [...]

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