PETRONET....... A superb Breakout

Cheers

Chirag CM

Sensex @ a crucial Support

Cheers
Chirag CM

ACC can go down further

Here we can see the H&S clearly with increase in the volume left shoulder.  It means more down side and according to me same pattern has taken place in the DLF and AA because both are positively correlated. May be ACC also become weak as DLF. My target for ACC is 968, 949 and at last 200dma which is around 937. Fibonacci level from the top {1135} to bottom {800} 50% which is 966 so my advice to sell for sure with given channel break, In futures sell below 1006 as much as you can with strict stop loss of 1019. MACD also showing weakness.

*All given sl closing basis.
No personal holdings.

Have a happy Investing.
 Pratik Maniyar

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.


















Cheers
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.


Cheers
Chirag CM