Thursday, May 26, 2011

Get out of Coromondal International


Coromandel International has failed to perform in past 5 months. Its trading around 306, investors can sell it at this price which is close to its purchase price and get out of it. the stock can further move down from here to levels of 260-250.

Wednesday, May 18, 2011

Buy Divis Lab for a target of 789

Divis Lab has made an ascending triangle, and is also trading above the 20 DMA. it can be bought around 710, for a target of 789.

Buy ITC for a target of 195/210

ITC has made an ascending triangle and has broken out of it. It can be bought at the current levels of 189 for a target of 195/210.

Sell Bajaj Finance at cost price

Bajaj finance which was bought in March has failed to perform. Sell the stock at current price and book a loss of 4%.

Wednesday, May 11, 2011

Add more positions in JB Chemicals and Pharma for a target of 190

Investors holding JB Chemicals and Pharma can add more positions in it around 154. It has made an ascending triangle and its next target can be 190.

Add more postions in Cadila healtcare for a target of 949/1005

Investors holding Cadila Healtcare can add more positions in it around 915 levels. The stock is trading strong and has broken out of the ascending triange, its next target can be 949 and then 1005.

Monday, May 9, 2011

Buy Exide Industries for a target of 187

Exide Industries has made an ascending triangle and has broken out of the resistance levels of 135 and 148.
It can bought at the levels of 153 for a target of 187. 

Book losses in McNally Bharat Engineering Co.

McNally Bharat Engineering Co. is in a long term downtrend; its been breaking support levels and falling down. Book your losses in it.

Book losses in MIC Electronics

MIC Electronics is trading very weak and is in a long term down-trend. Sell it and book your losses in it.