Reliance Communication

Reliance Communication:-

The stock is slowly grinding lower to the levels of 116.
Major resistance areas are at (139 - 145), if the stock breaks it, then the trading zone of 160 -180 are wide open.

However, till then the short term trend is SELL.

CMP - 131
SL - 135
Target - 121

3rd Jan 2013

Reliance Communication- The stock has taken support at the lower trend line of pitcfork and ichimoku base line, Stock can give sharp upmove towards the upper band of 140. The stock is making base for next upmove towards 151 based upon the harmonics signal.

CMP - 131, TP - 142/151, SL - 130

Comments

Persistent Systems

Persistent Systems :- The stock has been making upmoves with consolidation at each stage. This indicates the strength of the stock. The stock should be accumulated at these levels for higher targets in coming months. This is long term stock and with strong fundamentals. It has good %age holding across foreign and inhouse funds. SL - 900 , TP - 1200, CMP - 973 (2 Months)

Opto Circuits

The correction should be complete, before purchase can be done. Trigger price - 26

Lanco Infratech

Lanco Infratech This stock would possibly give the best of returns. Reasons:- 1) Momentum solid towards upmove. 2) despite sharp sell off, it didnt break the support zone that it had been forming over 6 trading sessions. 3) it has moved over the resistance zone of 7 and trading above it at 8. This is significant as this is considered a strong support zone wherein it had been trading in this range for 2 months. so break above this along with above avg volumes is a good sign CMP - 7.95, SL - 7.5, TP - 10.

Nifty Predictive Analysis

Search This Blog