Mitesh Thacker, State Bank of India was recommended yesterday. It is a repeat call. However, this stock did not go very close to its earlier lows while the Nifty tested 4750 again. This stock has managed to outperform in the short term. It has been falling for last number of months, first signals of some [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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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Hanung Toys – IDBI Capital # Short Term Investment
This toy manufacturing company is witnessing some positive action after lying low since the beginning of this year. With company planning to go global its fortune seems to be showing signs of improvement. The sharp drop witnessed in November last year saw the prices halt near the value area around 188 levels and slip into [...]