Something is brewing at Tata Chem

Tata chem has broken out a rectangle consolidation pattern and has seen a huge volume spike. CMP is 224.80 (closing on 30/8/2006), keeping the 2 day low as stop loss (220), tata chem can be bought upon its crossing today's high (227). targets are 238 and 255.

Maruti Udyog shifts gears!

Maruti Udyog has started a dynamic move upwards. After breaking out of the rectangle pattern and giving a pullback to the top of the rectangle, breakout is confirmed accompanied by more than average volumes. Tgt seems to be 930. 838 seems to be an appropriate stop loss.

Infotech starts trending up!

Infotech Ent (BSE code: 532175) has broken out of a channel on good volumes (Cls = 213.65). can be bought for a tgt of 241. pullbacks to the channel 205-207 will be good place to accumulate with stop loss at 201.5 on closing basis

Praj has good support at 160. close above 169 will bring tgts of 176 and 184. long term very bullish as big time investors have taken stake bettin on ethanol fuel technology where Praj is a player.