WHAT TO DO IN ITC AFTER BREAKING DOWN 200 DMA?

ITC HAS BROKEN 200 DMA ONLY ONCE SINCE MARCH 2009



WHAT HAPPENED ON BREAK DOWN IN 2011



WHAT TO DO NOW

CALL OF THE DAY ACC

CHART MAILED TO CLIENTS TODAY MORNING

ACC - Head & Shoulder Breakdown , can do 10-15% on downside 

SELL  @1100 SL 1145 TARGET 950-930 LOT SIZE 250 

SEE THE RESULT

STOCK WAS IN A FREE FALL  HIT LOW OT 1003  25000 RS PROFIT IN INTRA DAY ITSELF

CALL OF THE MONTH: AUROBINDHO PHARMA PROFIT 32000 RS IN BTST

             ANOTHER CALL OF THE MONTH :AUROBINDO PHARMA

AUROBINDO PHARMA TIME TO BOOK PROFITS IN BTST  GIVEN YESTERDAY SELL GIVEN AT 150 IN FUT AT  140  PROFIT 2000*10=20000 RS  
140 PE BOUGHT AT 4.30  BOOKED PROFIT AT 10.50 PROFIT 2000*6.20=12400 RS

TOTAL IN BTST 20000+12400=32400 RS JUST IN A DAY TIME

 HERE IS THE MAIL SENT YESTERDAY TO PAID CLIENTS

AUROBINDO PHARMA IS HEADING TO 125-13O LEVELS  YOU CAN INITIATE SHORT POSITION IN THE COUNTER BELOW 150 BUY 140 PE @ 4.30 PS LOT SIZE (2000)
GOOD BREAK DOWN HAPPENED  BELOW 150

COAL INDIA HEADING TOWARDS 250

SELL COAL INDIA  FOR 250 + BROKE MULTIPLE LONG TERM SUPPORT BUY WAIT AND BUY 270 PE TOO

ICICI Bank stock: Breakdown?

Technically, ICICI Bank stock is not looking great. There are early signs of breakdown – not conclusive yet but signs of nervousness can be clearly seen.

Let us look at the ICICI Bank Weekly Chart

As you can see in the chart above:
Breakdown Phase (August 2011 – August 2012): ICICI Bank slipped below 980-1000 during Aug 2011 correction and post breakdown – the stock slipped sharply to 650. It was a brutal correction. It then took about 13 months to recover above 980. It was only in Sep 2012 that stock climbed past 980.
Recovery Phase (Sep 2013 till June 2013): The stock built a base around 980-1000 and rallied to 1250 by middle of May 2013. But with FIIs getting into sell mode – ICICI Bank corrected sharply from highs.
Breakdown??: And last week – the stock failed to hold above 980 and slipped and closed near 959. This looks like a BREAKDOWN. 
What does this mean?
Is stock again going back to 650? Is that even possible. We don’t know that yet. But one thing is for sure – if stock does not recover above 980-1000 in next few days, then yes stock appears very vulnerable for sharp declines. There are two news specific events to which stock has to react to by end of this month:
1. ICICI Bank Earnings by month end
2. RBI Monetary policy
Market participants would be watching stock price reaction. Any recovery above 980-1000 would be greeted by Bulls but any sustained weakness below 980-1000 will invite more nervousness and selling. Keep watching – may be an attractive trading opportunity is developing.

Kotak bank : H&S breakdown - Heading for 640-630

Kotak bank : H&S breakdown - Heading for 640-630 

 

Financial Technologies – Major breakdown below 690

FINANCIAL TECHNOLOGIES —- A drop below 690 on closing
basis can give a big crack to 600 levels.Stoploss 720