There is a low risk buying oppurtunity in J.P associates for shorter term with stop loss of Rs128 on EOD basis as there is a buy signal on the EOD chart.
How are you all? After bullish gartley in HUL I am posting this pick. Bag films looks a short term buy @ 12 with stop loss @ 11 . Triangle pattern formed in verge of breakout. 200 MA can be targeted on upside.
While scanning with 13-13 Wilders Moving Average – Offset Channel Trading System in a weekly time-frame many charts had yielded Weekly Buy signlas. But would like to discuss these four charts(Cipla, Cinemax, Essar Oil, Reliance) which could possibly turn into a potential returns in coming weeks.
Ichimoku Weekly cloud charts of Ahmedforge charts shows that medium term uptrend in Ahmedforge with trailing stop loss of Rs120-122
Aban takes a medium term buy signal as per the Daily NMA chart and currently trading with the SAR(Stop and Reverse) of Rs 791 .
There is a classical price breakout in Bank India where the price has been close above the resisted line near Rs474 f and also close above the multi year high. And also the 15 day ATR is rising from the lows. Possibly steeper trend with higer prices could come faster.
Mr.Senthil one of the regular reader of marketcalls requested to have a look on KVB(Karur Vysha Bank). And from the charts the stock had a very steeper run in last one month and had done nearly about 35% and a whooping 4 times gain since March 2009. Two things we could notice from the chart
There is a classical price breakout in Megasoft software where the price has been close above the resisted line near Rs33.2 for many number of times in the last one year. And also RSI(100) is increasing and currently above 56.65 Possibly steeper trend with higer prices could come faster.
Chart Shows DLF GANN Plotter Chart with GANN EOD Support zone near 312 targetting 387. High Probabilities of Stock turning upside
as the weekly cloud signal turned from sell signal to buy signal more recently.
Nucleus Software has turned above the Weekly Cloud with supports coming near Rs 140. Intresting stock to watch this stock in coming weeks
Daily Charts of Biocon shows that it had neared the Nov 2007 high of Rs 331 and likely in the mood to breakout anytime and any breakout above Rs331 could hit the next GANN resistance zone of Rs380. Investors can take the SL of Rs 318 for a target of Rs 396.
If you had looked either into the Daily or Weekly charts of Reliance there is too much noise in the charts. The another way to filter out the noise from the system is by choosing the higher timeframe to know about the exact information about the trend.