Friday, October 22, 2010

Indian Oil Corp Ltd

Continuation Wedge (Bullish) (428.1)
A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend.
Target- 450-460
Stop Loss- 390 (On closing Basis)
Time frame - Short to Medium

Target Hit- Bank of Maharashtra

Target acheived (High 85) on 22-10-10, Call given at 77.75 on 6-10-10

Monday, October 18, 2010

dr reddy

Final target (1599) acheived on 14-10-10 (High 1644)

Target Hit- Nagarjuna Fert

Target acheived (high 37.65) on 14-10-10
Call given on 19-08-10

Wednesday, October 13, 2010

Bombay Dyeing & Manufacturing Co Ltd

The price seems to have reached a top, showing signs of reversal as it has broken downward after a period of consolidation.
CMP- 649.5
Target- 597
Final target Of Pattern- 530
Stop Loss-720

Target Hit- Vijaya Bank

final target Hit (100.9)

Tuesday, October 12, 2010

Target Hit- Vijaya Bank

Vijaya Bank target acheived as it made a high of 95.05 (Call given at 84.2 on 3-9-10)

Thursday, October 7, 2010

Target hit-srei infra


A bullish Flag pattern occured during a dynamic market rally, representing a brief pause as the market "catches its breath" before running off again in the same direction.
Target-110-113
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                                       TARGET ACHEIVED

BF Utilities Ltd

The price seems to have reached a top, showing signs of reversal as it has broken downward after a period of uncertainty or consolidation. (Top triangle)

CMP-1007
Target-885
Stop Loss-1074
Time Frame- Short to Medium

Wednesday, October 6, 2010

Bank of Maharashtra



Bank of Maharashtra (77.75)
Upside Breakout

The price broke upward out of a trading range. The Upside Breakout pattern represents a trading range in which prices move sideways between two parallel horizontal lines. It's often a pause or congestion area within an existing trend though sometimes the breakout results in a reversal to the prior trend. Either way, an upside breakout through the upper resistance line signals an end to the consolidation period and the start of an uptrend.
Target- 83.5-85
Stop Loss- 66 (on closing basis)
Time Frame- Short to Medium

SREI Infrastructure Finance Ltd

A bullish Flag pattern occured during a dynamic market rally, representing a brief pause as the market "catches its breath" before running off again in the same direction.
Target-110-113

Tuesday, October 5, 2010

Trent Ltd

Trent Ltd (1033)

Head and Shoulders (Top)

The Head and Shoulders Top is created by three successive rallies in the price following a significant uptrend. The highest high (head) is in the middle, flanked by two lower highs (shoulders) at roughly the same level. Volume is highest as the price makes the first two rallies, then diminishes through the right shoulder. Finally volume surges as the price closes below the neckline (drawn between the two lows) to confirm the reversal.
Target Price -931
Final Target of pattern 887-870
Stop Loss-1145
Time frame- Intermediate Term

Saturday, October 2, 2010

Berger Paints India Ltd

Berger Paints (110.3)

The price seems to be resuming a sharp rally after taking a brief pause. A bullish Pennant pattern occurs during a dynamic market rally, representing a brief period of indecision before running off again in the same direction. The pattern consists of two converging trend lines with diminishing volume, and is confirmed when the price breaks through the upper boundary to resume the advance.

Target Price- 135
Stop Loss-    95
Time frame -Short Term

Friday, October 1, 2010

Target Hit- IDFC

IDFC Target acheived, high 214.
Call given at 189.9