TECHMAHINDRA BLASTED MULTI YEAR BREAK OUT

ALREADY SEND MAIL TO PAID CLIENTS ON JULY 10 NOW POSTING  TO ALL OF U STILL STOCK LOOK  HOT

Tech Mahindra : Nearing Long Term Breakout 

 

 DISCLOSURE : HAVE LONG POSITIONS IN FUTURES AND IN OPTIONS TOO

How Low or High Stock prices can go?

This is one question people ask and here are two interesting examples to illustrate one very interesting point.

The Point: Trend is your friend and it can take you to extreme levels
Yes Stock price can go near ZERO

Example: S Kumars Weekly Chart

As you can see in the chart above – S Kumar stock has been in strong downtrend for last 3 years. From levels near 100 – the stock is now trading near 3.4
Yes Stock price can keep going HIGHER and HIGHER with no correction
Example: Bosch Weekly Chart.

As you can see in the chart above – it is a weekly chart and just see how Bosch has been in strong uptrend and has kept on going higher and higher.
What Lesson we can Learn?
Never Fight the Trend. You can never imagine how high stocks can go once they are in uptrend and similarly how low stocks can go once they are in downtrend.

HDFC LTD : Buy for quick 5% upmove

BUY HDFC @810- 805  SL 795 TGT 840, 860 , 890

DICLOSURE ALREDY RECOMMENDED TO CLIENTS YESTERDAY HAVE POSTION  both fut & option

FEW CHARTS MAILED TO PAID CLINETS DONE EXCEEDINGLY WELL TODAY

Godrej Consumer heading for 1000 Tgt 

Below is chart mailed to paid clients on MARCH 1O TH

 

 TODAY STOCK WENT TO HIT 977 

Power of Technical Analysis : Exide Industries 

Chart Mailed last week to paid clients

  AS EXPECTED STOCK WENT ON TO HIT 135 TODAY

Maruti – Time to look for a bounce

Maruti – Trendline and Channel Support. Time to look for a bounce

Technically the stock can reverse from 1400-1420 band which it touched yesterday and today and bounce to 1475. The major supports are placed at 1370-1380.
A short term trade for a quick jump seems good with small stops.

 

Investment Idea : Buy ICICI Bank

**Abv chart was mailed to paid clients over the weekend

Disclosure : Reco Icici Aug futs @ 970 ard today

Also reco 1000 aug calls @ 35 levels

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