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

Stock Ideas: Relcapital; Max India

I am combining two financial companies here: relcapital and max india. both have insurance as their business among other business and both are teasing major breakout levels.

Reliance Capital : CMP 917:

Stock on important crossroad
upside: Long with SL of 850
Target 1200-1300

short trade: Short now: with SL of 930, and reverse above 930 for target of 1200.
Refer commentary on chart..

Downside reverw below 850 target sub-700 levels

Max India: CMP: 221
The stock made a high of 235, however last 4 candle have been bearish candles. Today stock is up, however sustenance of the same needs to be seen. The stock is in short term bearish-ness however, keep an eye on this stock, there is massive Inverted Head and Shoulder.
Long term bull, short term pain. Close above 235, could make a mini-Inverted HnS with target of 235. 
Good support at 200, possible reversal level

Disclaimer: This is my personal view based on technical analysis. Take ur own call, this is not a financial advisory, always use stop loss.

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