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Federal Bank: Stochastic overheated. It will cool down. Result expected good. Breakout is expected. Flag pattern formation can be seen on the chart. Short covering has happened.
123,128 upper band during result season.
115.50 is a base on the positional case. If close below this it is weaker. Sell the trade and 108 or so can be the base.
Tomorrow if comes to 117/118 exit the stock if someone has entered today.
115 I will try to buy the 125 call for next month.
DHFL: Stochastic in oversold zone. 510 or any price upto 498 is good price to accumulate. It will not touch atleast 480-481. Results expected good
Manapurram Finance: It has touched 105 as last predicted. On short term it is over heated. Not a best time to enter. A head and shoulder in making. It may test 96 and may retest to 83,85. Buy only above 98 if sustain for 105, 130, 132, with a stop loss of 96.
NHPC: There is immense pressure around 29.20 and showing downtrend. Better to avoid currently. Confirmation comes 29.20. Once it close above 29.20 one can enter.
Bhushan Steel: 46/47 levels should test which is the base price where average can be made. Hold it for 7 – 8 months where the price can be seen at 62/63 on the higher end. Chart is showing the range bound and looks negative. Best to sell current holding and re buy at 46/47
Jaicorp: Book the profits. Expected to come down in near term. Buy could be around 96 with a stop loss 85. Fundamentally too couldn’t find much attractive. Looks operated scrip
Regency: Keep holding expected to move to 75
Suzlon: I don’t recommend. Short term view is scrip is in distribution mode 12 / 12.60
GTL Infra: 4.70 is the base. Sell 5.10 5.20
Opto Circuits: Keep holding. It is in accumulation zone. Don’t buy quantity. Once the reversal happens can see 17-18 levels
Sun TV: Presently in range and will take time to cross the resistance. 762 a good support and on the upper end it is at 860. Once it close above 860 with volumes than we may close above 1000. No confirmation of rally in short term.
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Members Queries
Federal Bank: Stochastic overheated. It will cool down. Result expected good. Breakout is expected. Flag pattern formation can be seen on the chart. Short covering has happened.
123,128 upper band during result season.
115.50 is a base on the positional case. If close below this it is weaker. Sell the trade and 108 or so can be the base.
Tomorrow if comes to 117/118 exit the stock if someone has entered today.
115 I will try to buy the 125 call for next month.
DHFL: Stochastic in oversold zone. 510 or any price upto 498 is good price to accumulate. It will not touch atleast 480-481. Results expected good
Manapurram Finance: It has touched 105 as last predicted. On short term it is over heated. Not a best time to enter. A head and shoulder in making. It may test 96 and may retest to 83,85. Buy only above 98 if sustain for 105, 130, 132, with a stop loss of 96.
NHPC: There is immense pressure around 29.20 and showing downtrend. Better to avoid currently. Confirmation comes 29.20. Once it close above 29.20 one can enter.
Bhushan Steel: 46/47 levels should test which is the base price where average can be made. Hold it for 7 – 8 months where the price can be seen at 62/63 on the higher end. Chart is showing the range bound and looks negative. Best to sell current holding and re buy at 46/47
Jaicorp: Book the profits. Expected to come down in near term. Buy could be around 96 with a stop loss 85. Fundamentally too couldn’t find much attractive. Looks operated scrip
Regency: Keep holding expected to move to 75
Suzlon: I don’t recommend. Short term view is scrip is in distribution mode 12 / 12.60
GTL Infra: 4.70 is the base. Sell 5.10 5.20
Opto Circuits: Keep holding. It is in accumulation zone. Don’t buy quantity. Once the reversal happens can see 17-18 levels
Sun TV: Presently in range and will take time to cross the resistance. 762 a good support and on the upper end it is at 860. Once it close above 860 with volumes than we may close above 1000. No confirmation of rally in short term.
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