biocon chart-------29 june 2012

BIOCON----29 june 2012

LOOKS LIKE BIOCON BROKE OUT OF ITS WEEKLY WEDGE FORMATION

***IF SUSTAINS ABOVE BREAKOUT LINE ==>> EXPECT 248/55.......AND IF CROSSES 255 ON WEEKLY CLOSING WITH SUPPORTIVE VOLUMES, THEN 280/85 COULD BE THE POSSIBLE TARGETS

NIFTY SPOT: REACHED NEXT HURDLE (5300/45) AFTER BREACHING PREVIOUS ONE AT 5180/5200....CHART ATTACHED

==>> NIFTY FOLLOWING CHANNEL PATTERN (EXCEPT ONE BREAK IN BETWEEN THE PATH)

==>> IF FOLLOWS THE CHANNEL, DOWNWARD ACTION IS EXPECTED FROM 5300/45 RANGE

==>> IF BREACHES, THEN DEGREE WILL CHANGE....AND UPWARD ACTION IS LIKELY TO TURN STRONGER

nifty view 29 june 2012

NIFTY SPOT: REACHED NEXT HURDLE (5300/45) AFTER BREACHING PREVIOUS ONE AT 5180/5200....CHART ATTACHED

==>> NIFTY FOLLOWING CHANNEL PATTERN (EXCEPT ONE BREAK IN BETWEEN THE PATH)

==>> IF FOLLOWS THE CHANNEL, DOWNWARD ACTION IS EXPECTED FROM 5300/45 RANGE

==>> IF BREACHES, THEN DEGREE WILL CHANGE....AND UPWARD ACTION IS LIKELY TO TURN STRONGER

Bharat forge 4 july 2012 update----

T+2 Buy bharat forge------1st tgt done  314 made high 315.95

ORCHIDCHEM 28 JUNE 2012

 

jobbing: buy Opto cir all target done ......cmp 153.55

 

jobbing: buy Opto cir @ 150 with sl 148.5. tgts: 151.5-153-55

INTRA: BUY IRB 27 june 2012

INTRA: BUY IRB @ 124.85 AT DIPS TO 123.5. SL: 122.95. TGTs: 127-29

jobbing: buy Opto cir 27 june 2012

jobbing: buy Opto cir @ 150 with sl 148.5. tgts: 151.5-153-55

INTRA: BUY ADANI ENT 27 june 2012

INTRA: BUY ADANI ENT @ 215.3 AND AT 213 IF DIPS. TGTs: 218-21-24-27. SL: 211