Aurobindo Pharma & HCLTECHNO...Decisive moves ahead

Aurobindo Pharma:

Aurobindo Pharma has short term decisive move ahead. After giving super breakout from its consolidation zone and 50 days DMA it has came back again to test it after making high of 110. One can enter it around current levels with the first SL around 96 & the ultimate SL of 92.


2) HCLTECHNO:

HCLTECHNO has given the highest closing after 15-11-2011. Couple of consecutive closes above 425 will open doors for 445 which is its 200 DMA and then after it may try to fill the wide gap till 463.

CAIRN & CIPLA have given a good moves yesterday by respecting to their trend-lines. Good moves can be expected ahead.


Cheers
Chirag CM

Here are the two stocks which are looking very attractive on weekly as well as daily charts.....

1}CIPLA:

Cipla has given a good move yesterday and it has already breached its earlier resistance of 333, now at 342. It has very good short term support around 337. This move may continue till it holds 337 to 333. The move may continue to 349 and to 353. 353 will act as a major hurdle. Here's the chart.

2} CAIRN:


Cairn is looking can be added to watchlist as it can give good move above 351. Below is the chart.

Cheers
Chirag CM

LIC housing finance A pullback buy.

LIC housing finance has given a good breakout above 240 levels and it went upto 253. Now it has came back to test breakout level of 240 with the close at 245. It can be a good buying opportunity at this level with the stop loss of 240.

A move of 30 bucks can be expected.


Cheers
Chirag CM

ICICI Bank...Will it take support?

ICICI bank has tried to break its resistance line around 795 but came back in last session. Now the support falls around 745. The price looks good to enter as it is it's 50 DMA. Below is the chart for ICICI.

One can enter the position around 750 levels with the stop of 740-35.

Reliance Ind. Technical view

Here's the chart for Reliance Ind. It is nicely poised and one can enter it around 695 levels as it seems a good buy points. It was hammered heavily in recent times but can come back sharply. It market supports then first target will be around 750.



Cheers
Chirag CM