Monday, August 22, 2011

Buy Petronet LNG for an initial target of 200

Petronet LNG is looking very strong on the weekly and daily charts. It has also made a flag pattern and broken out of it. It can be bought around 175 for its first target of 200.

Buy Coal India for a atraget of 450

Coal India is looking very strong on the charts during this time of turmoil. Investors can buy it around 395 for a target of 450.

Book losses in IPCA Labs

Sell and book losses in IPCA Labs. Its broken from its support line and its trading below its 200 DMA. The stock is showing a lot of weakness. It can fall down till 295.

Tuesday, August 16, 2011

Book losses in Divis Lab, sell around 737

Divis Lab has broken down from its uptrend line, it has also broken down from its 50DMA and its support level of 739. Investors holding it can sell it and book minor losses as further downside can be seen.

Wednesday, August 10, 2011

Add more postions in IGL

Investors holding IGL can add more positions in it around 418.Its target remains 436.

Buy M&M for a target of 770-780

Buy M&M around 725  for an initial  target of 770-780.

Buy Hero MotoCop for a target of 1938-1950


Buy Hero MotoCorp around 1850 for an initial target of 1938-1950. The stock has taken support at its 200 DMA and bounced back . Its also looking good ont he weekly charts.

Tuesday, August 9, 2011

Sell Cadila Healthcare

Sell Cadiala Healthcare around 830 and book minor losses. The stock looks weak on the charts and further downside can be seen.

Buy Rallis India for a target of 188

Rallis India had made an ascending triangle and broken out of it during this terrible market crash. Investors can buy it around 160 for an initial target of 188.