July 17, 2007

Charts 17 July , 07



Idea (Cmp 124 ) : Accumulate with stop of 118 for 137





Cairns India ( Cmp 161 ) : Intresting thing, it is able to close above its issue price of 160 ( if i am right ) for first time. Channel roof at 167.3 and as per earlier moves possibility of 172.40.Whom it will follow, lets see.





Syndicate bank (Cmp 88.4 ) : Weekly chart , One more Inverse Head & Sholder in banking sector. Resistance 92 , Mid Term Target 110-113





Mphasis (Cmp 283 ): 278 is 200 DMA and Trendline support 267.
Expected Buyback price is too much higher. A friend of mine used to say CMP stands for Conviction Money & Patience.





Pioneer Emb (Cmp 163 ) : Trading below 200 DMA , but someone supporting it at 152. once broken how many of gaps likely to be filled





Uttam Galva (Cmp 37 ) :Married and Divorced with Fidelity , Honeymoon from 30 to 74 and Suffering since divorced. I don't know the fundamentals. But Charts suggest Second Marriage on cards.Accumulate.


MTNL , MRPL and Aarti drugs also look good on charts.

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