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.
|
Website
www.chartechnician.com
Saturday, July 16, 2011
#15 Stock Update: Weekly Picks 18th July to 22cd July
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