GE SHIPPING AGAIN LOOKING EXPLOSIVE

GE Shipping was part of Momentum trade earlier but post recent breakout – there’s additional reason to bring the stock back to Momentum pack.

HAD RECOMMENDED TO BUY AT 275 ON OCT 21 TODAY STOCK HIT 311 NOW STOCK LOOKS MORE ATTRACTIVE 

HERE WAS OUR RECOMMENDATION ON OCT 21 ST
http://trendzofmarket.blogspot.in/2013/10/is-ge-shipping-getting-ready-for-big-40.html

NOW LETS TAKE A REVIEW ON HOW STOCK IS POISED TO DO IN TIMES TO COME
 

Here’s the Chart

As you can see in the chart above: GE Shipping struggled below 300 on weekly chart for more than 2 years.  Today stock made a huge jump of 6% and closed at 311 – breaking out above 300. On a weekly basis, one can assume that gains will sustain and stock will close much above 300-305 this week confirming the breakout. If that happens: it will set the stock up for major gains in weeks and months to come. 

The stock looks like a good buy at cmp of 306. One should look to exit/stop loss if stock closes below 295 this week.

M&M FINANCAIL ON FIRE

M&M FINANCIAL TOLD TO BUY TO CLINETS ON OCT 30 BETWEEN 285-295 NOW HIT TARGET 350 ACHIEVED

STOCK IS ON FIRE TODAY AS ITS GOING TO BE INCLUDED IN F&O WE FOLLOW CHARTS NEWS WILL FOLLOW US 
THIS WAS THE AMIL GIVEN ON OCT 30 TH

 335ANOTHER BANKING LICENSE CANDIDATE BROKE OUT YESTERDAY MISSED THE BREAK OUT YESTERDAY BUT DONT MISS THE STOCK  CMP 299 BUY  ON DIPS  BETWEEN 285- 295 SL BELOW 270 TGT 350- 400 IN SHORT TERM

NIFTY: BIGBANG BREAK ON CARDS?

Nifty has been trying to cross over 2007-2008 Highs since last six years and it looks like it will finally happen in 2014.

A major Breakout on Nifty waiting to happen

  

 

As you can see in the chart above: Nifty on weekly chart has stalled below 6350-6400 for now about six years but with Global markets supportive and market optimistic about 2014: a major breakout appears likely on Nifty. If the breakout happens and Nifty sustains it for few weeks: rest assured – next 5 years will be golden years for Indian stock market.
In market, nothing is guaranteed. But if we go by past instance, when markets break out above major and significant resistances built over many years – the bullish energy that follows can be pretty explosive. S&P500 is one such example. Let us look at the breakout there

S&P500 Chart below:

S&P500 broke out above 1530-1560 – a 12 year resistance. Post Breakout, S&P500 did pullback to 1560 before taking off and rallying to 1800. That’s what Breakout does. Once it picks up momentum, it runs like crazy.
So, lets wait and watch for the breakout on Nifty.