Trading the Technicals

[billauday]

Re: HCL tech

In the long term the IT sector looks bullish,so this stock will be good bet in the medium term.Any comments are welcome

 

[billauday]

Ashok leyland

Ashok leyland looks good for a short term bet .Today its volumes have surged significantly indicating a upward movement in the coming days.

 

[TATrader]

Re: HCL tech

Ashok Leyland volumes surged because of reports that its July vehicle sales were up 10 pct on year.

Ashok Leyland Ltd., India's second-biggest truck and bus maker, said on Friday total vehicle sales in July rose nearly 10 percent from a year ago to 3,839 units.

It said exports in July surged to 633 units from 192 in the year ago period.

 

[Traderji]

Re: HCL tech

increasing volumes (fr 499k to 1197k) and deliveries(fr 199k to 494k) and trying to break out. Any comments?

HCL tech has been forming a ascending triangle pattern with a double top at 345-350 levels.

A close above 350.00 would confirm an upside breakout which would take the stock to 450.00.

You can BUY now with a stoploss at 299.00

ADD more on a close above 350.00

 

[tanewbie]

Iflex-worst over?

on a day of good decline in markets Iflex moved up with good volumes and crossed over 7 month old falling trend line. Traderji yr comments?

 

[billauday]

Re: Iflex-worst over?

Stay bearish on steel counters


Is steel stocks losing steam in the current market,it seems so TISCO and SAIL is best shorts in the current market.Stay short in these stocks for a quick 15% profit.Even relaince is looking bearish ,u can stay short in this counter as well.any comments are welcome .
thanks
uday

 

[Traderji]

Re: Iflex-worst over?

on a day of good decline in markets Iflex moved up with good volumes and crossed over 7 month old falling trend line. Traderji yr comments?

I-Flex Solutions has been consolidating for over two months now. Yesterday's move could be a result of accumulation over this time period.

One can BUY with a stoploss at 505.00 which was its most recent swing low.

Major resistance to this stock is at 580.00 and 615.00. A close above these two levels will confirm the uptrend.

 

[tanewbie]

Unichem breaks out..........

unichem breaks out with huge volumes.see attached chart. Traderji your comments?

 

[Traderji]

Re: Unichem breaks out..........

unichem breaks out with huge volumes.see attached chart. Traderji your comments?

Good call tanewbie!

One can BUY now with a stoploss at 108.00 and more on a close above 123.00

Medium term targets are at 135.00 and 144.00

 

[tanewbie]

Kesoram on verge of breaking out

target 90 and 94 stop dcl<78 cmp 83.6

see attached chart. trying to break out with volumes. Rally is in in midcap and small cap cement stocks. Traderji your comments?