Monday, June 27, 2011

Breakout Candidates

LT:



Larsen & Toubro is trading around 1740 levels and closing above that will lead to major upmove. Rally might lead upto 1900 levels. Trade should be initiated above 1740 with the strict SL of the same looking at the market situations.


Naukri:



Info Edge LT also managed to touch its resistance line. The great back-power here is awesome bars in volume areas. Closing above 747 will lead to the up-move of 70 more bucks.



Cheers
Chirag CM

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