WELCOME
Wednesday, 15 February 2012
Earlier recommended on 10.02.12 for targets 277 {nearly achieved as closing today 275}
Script has breached neckline of Head & Shoulder Pattern earlier & even sustained well over 50EMA Moving Average. Upward target from neckline is 102points {244+102=346 Level}.
Now if closes above 277 then heading for positional target of 349 which is 200DMA as well as resistance Level {Coincidently it is also target of Head & Shoulder Pattern}
BUY on breach & close above resistance level of 277 with Stop below its previous Support level &can Book Profit near resistance zones, mentioned below OR may keep for Target near 346-349 levels.CMP 275.
RESISTANCE – 277, 291, 300 SUPPORT – 265, 258, 250
ptc--->15/2/2012
This Script has exhibited a strong upward Price movement. It has formed an inverted Head & Shoulder
Pattern with neckline at 53.5 level & Upward target of 14points, from the neckline level. Last 5 trading
sessions it has maintained its closing above this neckline level. Today closed above its recent resistance
zone of 56.5 too. Upward target looks 66.6 level {coinciding with 200DMA level too}
Now keep BUYING till trades above 56.5 zone with Stop below its previous support levels. Can Book
Profit near resistance zones mentioned, below. CMP 57.
RESISTANCE – 60, 62, 66.6 SUPPORT – 53, 51.5, 50
Pattern with neckline at 53.5 level & Upward target of 14points, from the neckline level. Last 5 trading
sessions it has maintained its closing above this neckline level. Today closed above its recent resistance
zone of 56.5 too. Upward target looks 66.6 level {coinciding with 200DMA level too}
Now keep BUYING till trades above 56.5 zone with Stop below its previous support levels. Can Book
Profit near resistance zones mentioned, below. CMP 57.
RESISTANCE – 60, 62, 66.6 SUPPORT – 53, 51.5, 50
Subscribe to:
Posts (Atom)