Thomas Cook: Ready to Breakout

Is Thomas Cook ready for some serious momentum run in near term? Well Technically, it appears so.

Here’s what Thomas Cook stock has done recently

Thomas Cook stock took off in a big way around middle of August and rallied from 50 to 80 by end October. Since then, the stock has gone quiet and been on sideways mode. From level of 80-81, the stock slipped to 69. It’s only today stock bounced back with intensity. It can be indication that correction is over and stock is ready for some serious momentum run. One can make this assumption and buy the stock for ST trading with stop loss at 68. Having said that, there is a problem with resistance on weekly chart.
THE BIG PICTURE: Resistance at 76-80 on weekly chart

 Technically, in near term stock appears set for upside but on a broader time frame stock has a resistance of 76-8o to take care. Thomas Cook has not been able to cross this resistance since last 4 years. Will this time be different? We don’t know but if stock does that this week – then expect more momentum and real solid gains in weeks and months to come.

The Best Technical Breakout Ever: TECH MAHINDRA AND AURO PHARMA

Auro Pharma Cup & Handle Breakout abv 205 Now 263.3
http://trendzofmarket.blogspot.in/2013/10/aurobindo-pharma-stock-can-test-280-300.html 

http://trendzofmarket.blogspot.in/2013/09/aurobindo-pharma-getting-ready-for-cup.html 

 CLEARLY TOLD  MANY TIMES AGAIN AND AGAIN IN MY FB PAGE TOO KEEP TRACK ON THE STOCK 


TECH-M Long term cup & handle Breakout abv 1130 Now 1683
http://trendzofmarket.blogspot.in/2013/07/techmahindra-blasted-multi-year-break.html 

CESC STOCK TO GET INTO

-- sideways for last 6 years
-- break above 400+ opens up 450+
-- long term looking good as base formation around 200-250 zone held in most severe down turns
-- 5 years down the line can go towards 1000+

CRAZY 30-35% MOVE in JUST 4 days FOR PSU BANKS

http://trendzofmarket.blogspot.in/2013/10/3-psu-best-banks-to-buy-in-this-up-move.html

I'm Discussing Some Technical Breakouts Trades for various PSU Banks happened over last 4 days :

1. Vijaya Bank Abv 41.5 did 46  (10%)
2. IOB abv 50 - 51 for 56-57 (10%)
3. DENA  bank abv 52 for 64-65 (25%)
4. Andhra Bank abv 56-57 for 69-70 (22 %)
5. IDBI 64-65 to 71-72 ( 10%)
6. UCO 70 to 78 (10-12%)
7. Syndicate 80 to 94-95 (18-20%)
8. AL BK : 85 to 99-100 (18-20%)
9. UNION 125 to 142-43 ( 15%)
10. ORIENTAL BANK 165 to 215-16 (30-35%)
11. BANK OF INDIA 180 to 240 (30-35%)
12. CANARA 245 to 293-95 (20%)
13. PNB 500 to 595-600 (20%)
14. BOB 610 to 700 (15-18%)

ANOTHER BANKING LICNESE CANDIDATE:JM FINANCIAL

BUY  JM FINANCIAL 25-27 SL 23.50 TGT 32-35
TOLD TO BUY  ON OCT 31 TO CLIENTS
TODAY STOCK HIT 29.25 STILL LOOK HOT &FIERY

WISHING YOU & YOUR FAMILY A VERY HAPPY & PROSPEROUS DIWALI !!

How sensex stocks performed since its Jan 2008 peak

The sensex finally crossed its previous all-time high of 21,207 which it touched on 10 Jan 2008. Sun Pharma has been the best performer with a gain of 456%, and BHEL the worst with a loss of 71%.