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Saturday, July 2, 2011

#13 Stock Update: Weekly Picks 4th July to 8th July


STOCKS
CMP
TARGETS
STOP LOSS
REMARKS
Biocon
363.65
370/377/390
348
I recommend to Buy stock on dips and hold for 2-3 weeks. Close was seen over 200 DEMA and a channel was confirmed last week.
DLF
220.30
225/229/237
212
Tweezers bottom was seen on weekly chart with High volumes. Close was above all the moving averages with strong belt hold candle.
EDUCOMP
396.75
403/410/425
387
Tweezer bottoms of last 5 candle with 4 being Doji’s. RSI and MACD supporting bulls. On weekly chart and Doji is witnessed
ESCORTS
115.35
118/121/128
110
Buy the stock on dips and hold for 2 weeks. Long hammer on weekly chart confirmed by a long bull candle. MACD and RSI on daily on bulls side.
GAIL
450.75
456/462/470
440
Channel formation is witnessed so we recommend to buy on dips and hold for few weeks. Weekly close above all the moving avgs.
Hindalco
187
190/195
179
Bullish trend confirmed last week. RSI and MACD crossover on daily chart are still supporting bulls. On weekly chart a long legged hammer was confirmed by a bullish candle.
IDFC
135
139/142/152
128
A Doji was confirmed by a bullish candle with  MACD and RSI supporting it. I recommend to buy on Dips and hold for long term.

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