IVRCL infra ready for an upmove

IVRCL infra. (CMP at 250) is breaking out of a good support area where trendlines and moving averages had converged. Following the up wards slopin channel a tgt of 290 is possible. Stop loss at 228 on closin basis is necessary

Syndicate Bank breaks away

Syndicate Bank broke out above the 200 day moving average with a breakaway gap. CMP is 80.70. Upwards it can face resistance at 83, 85 and 91. Stop loss should be 77 on closing basis.

Sterlite Optical to more than double in one year!

Sterlite Opticals can more than double in a years time. closing
above 190 will be an important trigger for long positions.

Asahi Glass shining bright

Asahi glass (BSE code 515030) is in a strong uptrend. CMP is 107.5 and positions can be taken above 110 with a stop loss of 103 on closing basis. Short term targets are 118 and 130

Ashok Leyland on the highway!

Ashok Leyland (CMP 43.15) is in a steady uptrend. The stock faces severe resistance at 45 levels. Beyond that 50 and 53 are immediate targets. Stop loss is 41.50 on closing basis.

Ahmedabad Elec powering up!

Ahmedabad Elec (BSE code: 500004) is gearing up for an upmove after a breakaway gap on 13th Sep, 2006. CMP is 226.30 and gap is at 213. any move to fill the gap can be used as a buying opportunity alternatively a close above 236 will bring a sharp move to 260 and then 300.

Opto Circuits movin into higher orbit.

Opto Circuit (BSE code:532391) moved out of a consolidation patter with a "breakaway gap" on the 13th Sep, 2006. CMP is 443.50, and any move above 450 levels which is a resistance area will take it to 477 and possibly to 524 levels. Support exists at 430-420 levels

Panacea Biotech raising a flag!

Panacea Biotech (CMP 374.65) has formed a bullish pennant. Close > 390 will bring a substantial move upwards towards a target of 450.

Sensex drops like the WTC!

Sensex has taken a huge fall on a typical "Black Monday" trade! The bearish candle has engulfed the past ten trading sessions, implying a lot of trapped bulls. For the uptrend to continue Sensex has to make a strong close above 12000 with good volumes. 11815 is resistance zone for any upmoves. 11500 is support as of now and any breach on closing basis will bring 11000 within range. As of now avoid longs and wait for trend confirmation.

Srf ltd. growing on carbon credit sales!

Srf ltd. closed at 255.60 with strong volumes. This is a breakout out of a 19 day trading range. The low of this range 230 will provide strong support. Closing on daily basis above 260 will bring targets of 285 and 305 within range.

Arvind Mills spinning to higher levels

Arvind Mills closed outside a sideways channel (CMP 70) with reasonable volumes to make a case for bullishness. It has lagged the broader market and is making up while the indices correct. Fibonacci retracement tgts are marked on the graph for profit booking purposes. Stop loss at 66 on daily closing basis is an absolute must.

Adlabs is blockbuster itself

Adlabs has broken out of a channel formation with two month high volumes. CMP is 332, and support can be found at 320-315 levels. Positions can be taken with stop loss below 305 on closing basis. Tgts of 364 and 405 seem to be within reach.

Reliance petroleum on the highway!

Reliance Petroleum after debuting on the day the Sensex topped out has bottomed out at its IPO levels. One can enter with a stop loss of 65, for tgts of 75 and 85.

Punj Loyd building a good high rise!

Punj Loyd is giving a buy signal after consolidation with strong support at 730. CMP is 781, can be bought with stop loss at 730.tgts are 830 and 900.

Siemens all the way!

Siemens has broken out after a sideways consolidation. CMP is 1080.85 as of 01/09/06. Tgts are 1180 and 1240. in the short term. Stop loss of 1030 on closing basis should be strictly followed.