Trade set up on P…

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Sep 282010

P....... Daily Charts

This engineering company has formed a constructive price pattern at its current level of Rs386. After a bullish price reversal at the september lows, this stock formed a rising window pattern. In yesterday's price action the stock successfully tested this support level and the stock got bid up. The larger price structure provides a price objective of  Rs440-460 over the next 1-4 weeks. If your risk appetite is low, your stop loss should be below the rising window, else place a stop below Rs360.

Trade Idea – 2 Stocks set to make new 52 week highs

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Mar 182010

Data Courtesy: Bloomberg.
Disclaimer: This is not an investment advice, please seek the advice of a registered investment advisor before putting real money to work.

Charts are for educational purpose only if you would like to know the names of these 2 stocks, please email me.