BUY AMBUJA CEMENTS CMP 211 TARGET 220-222 IN 1 WEEK SL 209 CLOSING BASIS

POINTS TO FAVOUR OUR TRADE
 Ambuja cements has formed double bottom at 204 after deep correction .
Pattern targets are 222 with closing SL of 209.

BUY CANARA BANK CMP 394 TARGET 420 SL 384 CLOSING BASIS

POINTS TO FAVOUR OUR TRADE

Can bank achieved its head and shoulders target of 360 last week.
Now FORMED MICROINVERSION PATTERN WITH IMMEDIATE TARGET OF 420.

update hold DLF AND PETRONET FOR TARGETS , APOLLO TYRE SL HIT AFTER SHORT BOUNCE FROM ENTRY BEFORE MEETING TARGET THOSE HOLDING LONG SHOULD GET OUT ON RISE UPTO COST PRICE OR BOOK MINOR LOSS

update hold DLF AND PETRONET FOR TARGETS , APOLLO TYRE  SL HIT AFTER SHORT BOUNCE FROM ENTRY BEFORE MEETING TARGET THOSE HOLDING LONG SHOULD GET OUT ON RISE UPTO COST PRICE OR BOOK MINOR LOSS

SELL TATA COMMUNICATION ON RISE UPTO 360 MAINTAIN CLOSING SL 366 TARGET 320 IN 7-10 TRADING SESSIONS

POINTS TO FAVOUR OUR TRADE

TATA COMM HAS BROKEN DOWN LARGE HEAD AND SHOULDERS PATTERN.
PATTERN TARGETS ARE AT 300-280 BUT LARGER PATTERNS USALLY FOLD OUT SLOWLY.
SO WE CAN SEEL WITH CONSERVATIVE TARGETS OF 320.
CURRENTLY STOCK IS IN POST BREAKDOWN BOUNCE MODE SO SELL ONLY ON RISE BETWEEN 355-360 WITH SL ON 366. PACED AT DOWNSLOPING LINE ON CHART.

UPDATE INFOSYS HITS TARGET, NMDC TRAIL SL HIT , BHARTI ON TRACK HOLD BOOK PARTIAL PROFIT AT 378

SELL PETRONET LNG ON RISE UPTO 175-178 CLOSING SL 182 TARGET 155 IN 2 WEEKS

POINTS TO FAVOPUR OUR TRADE
ABOVE CHARTS CLEARLY SHOW CLASSIC RECTANGULAR  4TOP BREAK DOWN.
PATTERN TRAGETS ARE PLACED AT 150.
SEEL ON RISE UPTO 175.

BUY APOLLO TYRES CMP 167-168 TARGET 174-178 SL 166 CLOSING BASIS

POINTS TO FAVOU OUR TRADE
APOLLO TYRES FORMED DOUBLE BOTTOM IN LAST 2 TRADING SESSIONS AT MAJOR SUPPORT LINE.
DECLINING VOLUMES SUGGEST THAT UNLIKELY TO BREAK LINE.
CAN MOVE UP SHARPLY IN NEXT 2 TRADING SESSIONS.

BUY INFOSYS AT CMP 3342 TARGET 3550 CLOSING SL 3290

INFOSYSHAS BROKEN OUT AFTER LONG CONSOLIDATION FORMING INVERTED HEAD AND SHOULDERS PATTERN.
PATTERN TARGET IS 3800.
RSI IN BUY MODE.
3400 IS MINOR RESISTANCE ONCE TAKEN OUT STOCK WOULD MOVE SWIFTLY TO 3600.

SELL DLF BETWEEN 200-205 TARGET 180 SL 215 CLOSING BASIS

   
POINTS TO FAVOUR OUR TRADE
DLF has broken down from classic head and shoulder pattern .
neck line is placed at 203 pattern target is 180.
trying to give post breakdown pullback that should end anywhere between 205 to 215

BUY BHARTI AIRTEL ONLY ON DIPS @ 370-72 CMP =381 TARGET 400 IN 2 WEEKS.

 Points to favour our trade

WEEKLY CHART SHOWS UPSIDE BREAKOUT OF BHARTI AS SHOWN ABOVE.
IT HAS MOVED SHARPLY IN LAST TWO WEEKS LIKELY TO RETEST BREAKOUT LINE @ 371 WHICH IS GOOD ENTRY POINT FOR TARGET OF 400.

update - L&T HITS TARGET , IDEA HITS TARGET , HOLD NMDC maintaining trailing closing sl of 172