GIC HOUSING FIN...Breakout?

GIC Housing Finance has created multiple tops around 124 levels. Today it has closed above it's resistance of 125. One can enter the stock for a good 10 Rs. move with the stop loss of 125.

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Chirag CM

EMAMILTD.. Will it come out from rectangle range?

EMAMILTD is trying to break its rectangle range. Above 508 it can be a good bet.

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Chirag CM

Archies..A breakout on cards?

Archies can be a good buying opportunity above 25.50 as 200DMA is somewhere around 25.50 which is y'day's close. Above this it may show some quick moves.

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Chirag CM

Apollo Tyre.. A good move expected

APOLOTYRE has set for a good move upside giving a lifetime high close. A long position can be taken above 95 for a quick move to 102.


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Chirag CM

Amar Remedies: A breakout.

Amar Remedies has given a superb breakout with good volumes. It has thrashed its previous highs which were made in early Feb. Stock has potential to go 20 more bucks up.

One can initiate the trade considering 154 as a strict stop loss.

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Chirag CM

Finally a breakout..Lupin

Lupin has finally given a breakout level of 490. It is also trading at 52 weeks high. It has tried to breach the same level few times before but couldn't succeed.

One can enter the stock at current levels with the immediate stop of 485 with the target of 534.

Happy Investing.

Follow me on twitter @ccmoradia

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Chirag CM

Jain Irrigation_One more try to break-out

Jain Irrigation will try to break its resistance.

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Chirag CM

Idea.. Seems like a rectangle breakout.

Idea on the verge of rectangle breakout. A close above 100 will give 10 rs. move.

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Chirag CM

Bajaj Auto.. Breakout Buy

Bajaj Auto has given a breakout couple of days back. Staying above 1500 may lead to 1600-1650 in a very short time.

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Chirag CM

GSFC_leading to 420.

GSFC looking good on charts and staying above 387 levels will lead to 420. SL can be placed 5% down from the current market price.



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Chirag CM

Gitanjali.... A double bottom + Breakout Buy

Gitanjali is looking good on charts with forming double bottom and pattern near to breakout. It is all set to make new high after Dec-10. Stochastic is also showing buy signals. If market supports it may show a spark in upcoming trading sessions and rally may reach upto 350 bucks in few days. Gitanjali was recently added into the futures markets too. All things are looking positive but still we dont know what Mr. Market thinks.

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Chirag CM

Ready for Upmove:Tech Mahindra

Tech Mahindra is about to break above 760. If it manages to close above 760 in today's session then it can move 50 more bucks from these levels in next couple of days. Trade should be initiated only above mentioned levels and with the same stop loss.


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Chirag CM

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.

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Chirag CM

Petronet..... A breakout Buy

As suggested by Mr.Pratik, Petronet looks awesome on Charts. It has tried to break 130 levels two-three times in the past but now has finally managed it. One can enter the trade with the stop of 130 and tgt of 145+ in couple of weeks from now

Sincere thanks to Mr. PratikM

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Chirag CM

IRB infra. Quick View

IRB is trying to break its Trend line. If it manages to break it the tgt falls near to its 200 DMA 239.

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Chirag CM

ITC... Entry into Range trading

ITC has entered the old trading range again and break above 180 will lead to further upmove.

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Chirag CM

Axis Bank... Breakout

A superb breakout given by Axis bank on last trading day. It has also given comprehensive close on its 200 DMA. One can enter the scrip with the tgt of 1447 with the immediate stop of 1335.

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Chirag CM

Exideind.... Another Breakout stock

Exide industries has given a strong upmove in yesterday's trade with very good and strong volume. MACD is also supporting this upmmove. This generates a good buying opportunity. If it sustains above 172 then it may give quick move to 180-82 levels. Stoploss for the trade should be placed around 170.


















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Chirag CM

KOTAKBANK.....A good example of Channel Breakout.

KOTAKBANK has given a break above its falling channel which was there from past 4 months. May be a good buying opportunity but the only concern is its volume activity. It is a good buying opportunity above 465 and it may fly till 490. SL should be around 452.

This is not a trading recommendation. It is just a random study.
Be invested.


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Chirag CM

JINDALSTEL.... Ready for upmove

JSPL is at the juncture from where it can travel till 750 odd levels. The setup for the scrip is fantastic and nothing should come in its way to achieve that tgt
in coming days.



















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Chirag CM