Skip to main content

Exide Industries

Exide Industries :- 

 3rd Dec 2014.

 The stock is facing the resistance cloud at 118 - 125 band. Hence, no long positions should be taken in this stock. Also do note that the nearest support zone is at 113. Hence i shall recommend no positions till the zone is clear. if Less than 113, then SELL for bigger downside If Greater than 120, then Watch the stock to take long positions at 124. 

Comments

Post a Comment

Popular posts from this blog

Bank Of India

Bank Of India:- 18/12/13 Post RBI dovish stance, there is a good momentum in the rate sensitive stocks. However, due to impending FED taper meet later in the day, the stock was unable to cross the resistance of 220. If FED doesnt taper in the 18th Dec FOMC meet, then the stock would clearly break on the upside for target of 230 and beyond. This can also be bought with a contrarion view that recent RBI measures of Strict rules for early indentification of Bad loans and higher NPA provisioning means woos for PSU banks. However, this in long term will help to PSU to lessen the detoriation in Loan Books. In Addition, last financial quarter BOI was few of the stocks which showed remarkable improvement in asset quality. hence, the chances of the stock going up higher is very likely as compared to other PSU banks. Another point to ponder upon, most of the private banks have reached the FDI limits, hence eventually have to be excluded from the MSCI. So, the upside in private banks ...
Post a Comment
Read more

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
Post a Comment
Read more