Thursday, December 24, 2009

Break Out Stocks: GUJNRECOKE and TATASTEEL

TataSteel:
Cup and Handle Breakout
CMP; 604
SL: 553
Price Target: 738












Guj NRE Coke:
Gives Break out of Inverted HnS

Price Target 95
CMP: 73.75
SL: 64

The stock has broken out of Weekly pivots (R2: 72.43), and immediate resistance at 75.10 been monthly R1.

Chart:











PIVOTS:









Disclaimer: These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding.
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