Wednesday, February 16, 2011

Buy Bata India for a target of 441

Bata India has made a falling wedge pattern. Its taken support at 300 and broken out of it. it can be bought around 331 for a target of 441.

Buy Cadila Healthcare for a target of 825-830

Cadila Healthcarehas taken support at 730 levels and has bounced back, its next reisistance is at its 50DMA of 779. Once it crosses that its target can be 830.

Buy Gujarat Flurochemicals for a target of 316

Gujarat Flurochemicals has taken support at its 50DMa and bounced back. Its in an uptrend channel and can touch 316. It can be bought at the levels of 279 for a atarget of 316.

Buy HCL Tech for a target of 510-515

HCL Tech is in an uptrend, it has taken support at its 50DMA, it can be bought at the levels of 480 for a target of 510.


Tuesday, February 15, 2011

Add more positions in Karur Vysya Bank for a target of 633

Karur Vysya Bank has made a falling wedge pattern and has broken out of it. It is also trading above it 50 DMA - which shows strength. More positions can be added to it around 535 for a target of 633.

Buy M&M Financial for a target of 952

M&M Financial has made a falling wedge pattern and broken out of it. It has also moved above the 50 DMA. It can be bought at the level of 704 for a  target of 952.

Monday, February 14, 2011

Buy Pfizer for a target of 1344

Pfizer has broken out of the trading channel and its resistance level of 1193. It can be bought around 1209 for a target of 1344.

Buy Tata Motors for a target of 1455

Tata Motors has made a falling wedge pattern. Its broken out of it. Its also taken support close to its 200 DMA. It can be bought at the level of 1355 for a next target can be 1455.

Buy TTK Prestige for a target of 1975

TTK Prestige is in a long term uptrend since past 7 months. It made a continuation flag pattern and has broken out of it. Also its taken support at its 50 DMA and trading above it. It can be bought at the current level of 1600 for a target of 1975.