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.

Cheers
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.


Cheers
Chirag CM

Waiting for OIL INDIA to cross 500-505

I was randomly checking few charts week ago and found OIL INDIA interesting. It is a good bet above 505 levels but still it is hovering around 490-95 levels.

Cheers
Chirag CM

On verge of break out and inverse H&S as well EMAMI LIMITED

All FMCG stocks are working as defensive and main FMCG stocks like ITC and HUL are reaching at 52 week high so this is fresh and no one looking into EMAMI and now punters are going to bet on EMAMI.


If the stock is closed above 491 with some volume than it clearly show that it will zoom up to 513 and then 529 so keep close watch on this and stop loss is 474 on closing basis and if it close above 531 than add another 23 to 30 rupees.


Another call on PIRAMAL HEALTHCARE sell with the stop loss of 525 with the target of 491 482.

Cheers Chirag CM

Reliance... A short term channel breakout

Reliance has given a short term range breakout above 720. It can move up by 25 rupees from here.

Cheers
Chirag CM