13 April, 2012

RENUKA SUGAR

4/13/2012 12:47:00 AM
















RENUKA :- CMP :- 33.15

This Stock Has Given Bullish Breakout With Immediate Target Of 35.55, The Breakout Is With Volume And Is Marked On Charts. There Is Still Resistance At 36.15 Which Is 50 Dma And  If Able To Cross The Same May Then Target To 200 Dma Which Is At 46.76 As On Date. Rsi, Macd, And Ss All The Trend Indicators Are Showing Positive Direction And Also The Stock Was Convincingly Close Above 5 And 20 Emas Respectively. One Can Long The Stock With Stoploss Of 31  For Higher Targets And Revised The Stoploss As And When Required.

11 April, 2012

EXIDEIND :- CMP :- 136.95

4/11/2012 09:36:00 PM
















EXIDEIND :- CMP :- 136.95

Stock Breached Its Main Trend Line And Close Below It Also Closed Below Its Important Support @ 139 Now Below 136 Stocks Become Very Weak And Has Immediate Target @ 130 Levels. Stock Is Just At 200 Dma Which Is @135.80 And Being Oversold A Bounce Is Expected And Advise To Sell On 144 Levels For Lower Target Of 130 With Stoploss Of 146.50 Levels On Closing. Also Indicators Shows Negative Divergence And Ema Slopes Denotes Further Downside.

PERFORMANCE OF STOCK 

AMBUJACEM :- CMP :- 159.55

4/11/2012 09:28:00 PM
















AMBUJACEM  :- CMP :- 159.55

The Stock Has Breached Previous Month Low Of 158.65 And Made New Monthly Low Of 158 And  Was Just Able To Give Close Above It. This Stock Has Breached Trendline And Was Able To Give Close Below It And Now The Immediate Support Comes @ 156 And Below Which It Could Target To 148 Levels Also. Advice To Short On Rise @ 164 Approximately With Closing Stoploss Of 169. Stock Is Still Trading Above 200 Dma Which Is @150 And 200 Ema Is @ 154 As On Date. Indicators Sugessting Downside But Rsi 2 Looks Oversold And Is At 5 Levels. So A Bounce With Nifty Is Expected.


PERFORMANCE OF STOCK 

10 April, 2012

TATASTEEL

4/10/2012 08:28:00 PM
















Cmp :- 452.80
Stock Looks Bearish As Stock Has Closed Below The Trendline Which Looks Bearish If Todays Low Of 449.40 Does Not Hold Then It Has Immidiate Support @ 438 Below Which Stock Could Drift To 432 Levels Also Strength Shall Be Only Above Close 470 Levels. So One Can Take Short Position With Stoploss Of 470 On Closing Basis And Sell On Rise Or Wait For Breaching Low Of Today.

PERFORMANCE OF TATASTEEL 



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