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Saturday, July 16, 2011

#15 Stock Update: Weekly Picks 18th July to 22cd July

STOCK
CMP
TARGETS
STOP LOSS
REMARKS
IOB
144.20
148/151
140
Stock closed over all the short term moving averages. There is a gap unfilled at 148 so I think stock will fill up that gap this week and I advise you all to buy.
ANDHRA BANK
134.80
139/144
130
A dragon fly doji closed over all the short term moving averages with the support of all indicators. A gap is unfilled at 144 which is ought to be filled any time.
Reliance
873
887/904
852
Stock closed over all the short term moving averages. Weekly RSI is about to give bullish breakout so stock is for only HIGH RISK traders.
Maruti
1177
1194/1222
1146
A close over all the short term moving averages on daily chart with a dragon fly doji on weekly chart gives validation to MACD central line crossover for bulls.
Jet Airways
506
532/567
470
A consolidation rectangular breakout with a close over 100 DEMA makes stock bullish for upcoming week. Hold it for 2-3 weeks for 2cd tgt.
Exide Industries
168
173/178
160
A close over all the short term moving averages with a strong bull candle has been witnessed. A probable double bottom formation has been seen with Dragon fly doji on weekly.
Dr reddy
1600
1638/1656
1550
A close over all the short term moving averages with a bull candle. Weekly RSI has witnessed bullish crossover.

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