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Showing posts from July, 2010

Bajaj Auto Finance - POSITIONAL

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BAJAUTOFIN (569) - Breakout - 585 Target - 730 Ultimate - 1125

FAG Bearings India - POSITIONAL

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FAGBEARING (767) - Breakout - 785 Target - 987 Ultimate - 1355

This Week This Much

Mahindra & Mahindra Financial Services - TARGET HIT

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M&MFIN (565) - On 16 jan 2010. this stock was given for positional holding with a target of 560 when it was trading at 325-375 level. Today it attained the target of 560. that is more that 50% return in 7 months period.

Honda Siel Power Products - TARGET HIT

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HONDAPOWER (518) - On 10 Jan 2010. this stock was given for positional holding with a target of 495, when it was trading at 290-320 level. This week it attained the target 495 and even surpassed it also. That is more than 60% return in 7 month period.

Exide Industries - TARGET HIT

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EXIDEIND (145) - Positional break out at 91 but given on Oct 2009 with a target of 147 today it attained the target. that is, in 10 months it gave 47% return. It may not be fantastic return, But not bad.

Divi's Laboratories

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DIVILAB (753) - Below 755 , come down to 720_710.

Educomp Solutions

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EDUCOMP (620) - support 610_600. Above 630_635 expect 10 to 15% upmove.

The Great Eastern Shipping Company

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GESHIP (285) - Bottomed out at 280. now once move above 292, going to attack 305-310.

Housing Development Finance Corporation

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HDFC (2977) - Already correction over and bottomed out at 2880. now once close above 3000, going to break the all time high 3262.

HDFC Bank

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HDFCBANK (2101) - On july 22, written here support 2020, see from there it moved up and yesterday made a high of 2115. Now what next ? 2120-2140 resistance but above that 2200 & 2235.

Zee Entertainment Enterprises

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ZEEL (295) - On july 14, remind and written here above 308 going to attack 324. whereas it went upto 326 from there, correction started and yesterday bottomed out at 292. If not break and trade below 290-288, then upmove starts from here. Once cross the 304 hurdle, again going to attack 324.

Venky's (India) - TARGET HIT

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VENKEYS (658) -On 14th Feb. 2010, This stock was given for positional holding, at that time it was trading at 300-350 range. BREAKOUT 350 and TARGET given for this 674.

Whereas it gave breakout signal on 05th April 2010 (after two closed above 350).

Now let us see the result :

Today it attained the target of 674 (today high 689 and volume 745000) and closed at 658.

That is, in 4 month time, it is up by 93%.

Still many more stocks are moving towards to hit the target Click here to see the Break-out stocks menu.
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NF (5393) - So now 5410 becomes resistance. below this, slide to 5360_5345. but below 5345 real problem starts.. Upside hurdle remain same at 5467.

Aban Offshore

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IRB Infrastructure Developers

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IRB (264) - Trade and close above 265, going to attack 280 and after that 290.

Jubilant Organosys

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JUBILANT (355) - Above 352, take it to 366_370 But close above 370 good upmove going to start....

LIC Housing Finance

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LICHSGFIN (1129) - On june 22, written here, if stays above 1000, shortly going to attack 1125. No need explain if you see yesterday price. Now what next ? Timebeing going to top out between 1158_1178.

Larsen & Toubro

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LT (1824) - On july 23 written here, stays above 1940 upmove continue but otherwise ? now everybody knows what happened from 1940 fall started and yesterday reached the metioned support level of 1818 (yesterday low 1819). Now what next ? If not take support at 1818_1805, then expect 1780_1760.
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NF (5433) - What else to write, except repeat the same level. yesterday exactly took support 5410 and went upto 5459 but unable to break 5467. So Support @ 5410, below that 5360-5345. Resist @ 5467, above that 5526_5558.

Jet Airways (India)

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JETAIRWAYS (644) - above 652, take it to 667-672 But in the short term, as long as stays above 600, shortly going to attack 800.

Crompton Greaves

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CROMPGREAV (275) - As per last update on july 26, it corrected from 292 to 271. if not break 270 correction ended here itself or below 270 may correct and take reversal from 267-265.

ACC

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ACC (848) - As per last update on July 19, It did not break 800 and made low 805 yesterday reached the target 850. Now what next ? If trade above 850 face hurdle 863-872 and if not stays above, expect correction from there.
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NF (5419) - Third day repeating the same level. Levels are remain same ie. 5410 becomes support. Above 5467 going to attack 5526_5558. Below 5410, next downside level 5360-5345

Canara Bank

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CANBK (469) - On july 20, written here, topped out 515, expect correction 468. If you see yestederday low (467), no need to explain. Now What next ? If not take support 468, then fall continue to 442-438.

Hercules Hoists

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HERCULES (261) - Hereafter support 250_240. Going to attack 303 & 330.

Hero Honda Motors

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HEROHONDA (1804) - After yesterday crash , now what next ? If trade and stays below 1800, shortly come down to 1550_1500.
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NF (5448) - Levels are remain same ie. 5410 becomes support. Above 5467 going to attack 5526_5558. Below 5410, next downside level 5360-5345 remain same.

GlaxoSmithKline Pharmaceuticals

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GLAXO (2077) - It seems already bottomed out at 2020-2000 so above that if clear the hurdle 2230, then expect 2400-2450 very shortly. (Note : today board meeting for results).

BF Utilities

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BFUTILITIE (951) - On july 16, written here above 860-850, target 4 digit . already moved more than 14% , now if take support 940-930, then move and timebeing top out at 1000__1040.

Crompton Greaves

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CROMPGREAV (288.50) - As per previous post, Unable to close above 290, so yesterday it seems timebeing topped out. If trade below 286, going to correct upto 280 and after that 274.

United Breweries

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UBL (322) - If trade above 338, On going rally going to top out between 368__388.

Indian Bank - POSITIONAL

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INDIANB (251) Breakout - 256 Target - 320 Ultimate - 448

Oriental Bank of Commerce - POSITIONAL

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ORIENTBANK (364) - Breakout - 382 Target - 477 Ulitmate - 668

SKF India - POSITIONAL

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SKFINDIA (529) - Breakout - 515 Target - 643 Ultimate - 914

Sun TV Network - POSITIONAL

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SUNTV - (435) Breakout - 462 Target - 537__577 Ultimate - 802

Supreme Petrochem - POSITIONAL

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SUPPETRO (55) - Breakout - 52 Target - 65 Ultimate - 94

Tube Investments of India - POSITIONAL

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TUBEINVEST (129) - Breakout - 135 Target - 168 Ultimate - 238

UCO Bank - POSITIONAL

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UCOBANK (91) - Breakout 89 Target 111 Ultimate 155

This Week This Much

Can Fin Homes - TARGET HIT

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CANFINHOME - It gave the breakout Positional Buy singal, after 2consecutive close above 94 , on 30th April 2010 and the target was 150. On 20 july 2010 it attained the target 150. In less than 3 months it gave 60% return.
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NF (5448) - So now 5410 becomes support. Above 5467 going to attack 5526_5558. Below 5410, next downside level 5360-5345 remain same.

Bombay Dyeing & Mfg Company

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BOMDYEING (538) - Two months consolidation already broken. So If trade above stays above 541, going to attack 575 and above that 591.

Jubilant Foodworks

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JUBLFOOD (342) - 345-350 are hurdles . But trade above this level, take it to 370_375.

Larsen & Toubro

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LT (1927) - On July 9, itself written here, above 1818 going to attack 1935-1940. No need to explain if you see yesterday high of 1932. Now if trade and stays above 1940, upmove continue to 2020 and after that 2068. otherwise ?

Mahindra & Mahindra

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M&M (633) - Once again written on July 19, support 598 so as expected it took support and yesterday went upto 634. upside levels are already given on july 12 itself. it is only a reminder 646 , 667_672 & 691_701

Sterlite Industries ( India )

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STER (176) - Above 174, take it to 186-188.