Powergrid Breakout

Power grid positive breakout

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. We are all students

STCINDIA : Follow-up Post

Had posted in earlier blog dated 11 Jan 2010 about potential of STC India (CMP: Rs. 396) to reach Rs. 542 - (Rectangle Target) and Rs. 726 (flag breakout). refer earlier chart of STCINDIA.

Even after two days fall of market, and today's good rise, the stock has managed to stay up, and has today made a Doji with low at the Rectaangle  / Flag trendline. Tomorrow's price action will let us know, if this is failure or actual. A long with SL of 369 would be good trade.

Attached is latest chart:

Studies based on trendline, trade your ownself, always use SL

Bhartiartl, STC India

Bhartiart:
Trendline Breach: The stock has breached the rising trendline, and can be seen as an ideal short candidate. Refer chart below:
The stock has closed at 325, below its 55 EMA @ 327.01, with EMA 5 @ 326 & EMA 13 @ 325. The next immediate EMA support is at EMA 34 @ 321.78. The stock is still weak since it is below its 89 day SMA. On weekly basis, the stock is below its 13 Week EMA which stands at 328, while all other EMAs are stacks between 350 to 365. The 5 week EMA is now at 322.53.

Bhart Artl : Chart 1

The stock on longer terms charts is makingan in Head Shoulders pattern with neckline at 275. A breach of neckline could propel the stock to a plunge to Rs. 145 level.
Bhartiartl : Chart 2 : HnS possible

STC India:

STCINDIA (nse ticker) has given an upward breakout. The stock based on Rectangular pattern breakout can reach 542 and based on Bullish Flag Breakout can reach 726. The stop loss for this Long trade shall be Rs. 380 zone.

STCINDIA: Chart 3 : Rectangle BO / Flag / Inv HnS

Midcap galore: CINEMAX and SINTEX

Theorotically, the stock has given a triangle breakout. Based on that the stock can travel the max distance as "distance" between the width of triangle. Based on target of stock comes to 120. however, i however expect stock to reach 80+ with SL of 55.

 SINTEX:

Major Bullish flag breakout. The target is like ravingly high. I expect stock to double from here. Hold with Stop loss of 265. Trail with stoploss as lowest low of past 5 days. It has broken out of major consolidation zone from June 2009.

CMP is 289, expect it to reach 335-385 zone.

This is not investment, but targets and Stop loss based on Technical Analysis.

GNFC: Is it another Havells in making???

GNFC: CMP 115.85
Long Term Bullish:

Bullish Flag Breakout on Stock. It has moved considerably up from 87 level to 115 now. However, been flag breakout, i think good for long term long with SL of 106. Unless there is change in structure, this is major bullish candidate. Plus breakout from flag was followed by volumes. Last two days Doji candles.
Resistance at 121.02: 38.2% retrace

All levels on charts 131 - 140 - 155- 163 are resistances and targets/\.

Based on Elliott Wave Structure, stock has completed wave W and X and is heading for wave Y i guess. Struture looks bearish corrective, but stock has upside potential. 

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.
We are all students