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Wednesday, 8 May 2013

CROMPTON GREAVE ON CHART........


Prices have today given breakout above the Neckline of Inverted Head n Shoulder Pattern at 96 level
which until today acted as a good resistance zone. This pattern creates an Upward target of 10points
above such Neckline level. Prices have breached the moving average 50EMA & closed above it, this is
after many trading sessions, looks bullish further.
BUY till trades & closes above 96 with Stop below its previous Support zone, mentioned. Book Profit near
resistance zones.


CMP – 98.

RESISTANCE – 98.7, 100, 101.5                                                            SUPPORT – 95.5, 94, 92

VGUARD ON CHART...........


Prices today have managed to close just at the Neckline level of Inverted Head & Shoulder Pattern which
had earlier proved to be a good resistance zone for the script. Trade & a Close above this Neckline level
creates an Upward possible target of approximately 105points. This may only happen when prices close
above 510 level.
BUY when trades & closes above 510 level with Stop below its previous Support zone, mentioned. Book
Profit near resistance zones.


CMP – 525.

RESISTANCE – 530, 535, 540                                                                 SUPPORT – 515, 510, 502,

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