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

Dena Bank..Technical Analysis

Dena bank has came out from it's trading range which it was forming from past 2 month or so. A scrip good to watch now....


Cheers
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.

Cheers
Chirag CM

Castrol..Inverse Head & Shoulder Pattern

A superb IHNS formed by CASTROL in recent days. Continuation of this rally may lead stock up to 580 levels.

Cheers
Chirag CM