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
Friday, October 22, 2010
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
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
CMP- 649.5
Target- 597
Final target Of Pattern- 530
Stop Loss-720
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
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
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
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
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
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