CMP: 624.40
Tgt: 644-655 & 676
The daily candlestick chart of APIL (Alstom Power) shows a vertical fall from Rs.742
to Rs.601. The downward risk is minimal for an anticipatory buy. High risk traders
can buy gradually in declines around Rs.613-620 with a strict stop loss
below Rs.604 (preferably in close) for a pullback to Rs.644-655 which if
sustained Rs.676 in the next 2-3 weeks.
* Avoid gap openings and trade in cash in small quantities.
==================================================
Strides Acc Buy
CMP: 196.35
Tgt: 222-232
The daily candlestick chart of Strides shows that it is moving in an ascendingtriangle pattern. A decisive breakout above Rs.207 on volumes gives a target ofRs.222-232. As long as it holds above Rs.184 in close the bias remains up . One canbuy in declines around Rs.190-194 or on a confirmed breakout (on volumes)above Rs.207 with a strict trading stop loss below Rs.183 for a target ofRs.222-232 in the next 7-8 trading sessions.
* Avoid gap openings and trade in cash in small quantities.
=========================================================
0 comments:
Post a Comment