Dabur....A pullback buy

Dabur was facing resistance around 109 but after crossing that it made a high around 123. Now again it has come back to test its breakout levels which is a good buying opportunity. One can initiate trade at current levels with the strict stoploss of 5% down from 109. Target can be placed around 120.


Have a happy trading.
Cheers
Chirag CM

HDFC Bank..One more blue chip

One more Blue-chip candidate waiting for breakout. HDFC is firmly moving towards its resistance level of 2420-25. Sustained close above those may lead to quick move till 2500 levels. Market factor should not be ignored here.

Have a happy trading.

Cheers

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.

Cheers

Chirag CM

Random Stocks

Here are the few charts which looks Technically strong.

IPCA Lab.

Alok Textiles:

Tata Steel.

Cheers
Chirag CM

LIC Housing Finance. Inv HNS

LIC Housing finance has broke out from its triangle pattern and Inv HNS. The possible target now will be placed around 260. The trade can be initiate with the immediate stop of 3% from the current levels. The only worry for the stock is low volumes.
P.S. Stock has also cross its 200 DMA levels significantly.

Cheers
Chirag CM