Tuesday, August 2, 2011
Monday, August 1, 2011
Balrampur Chinni Mills - Technical Commentary
It looks like 56 is a good support for Balrampur Chinni. Already hit twice at this support. Once this support is broken then it can have a free fall to a level of 42-45 Rs band which may be the last fall as there is a huge positive divergence on MACD. Though MACD is still in negative territory but is inching more n more upward and pace of decline is slowing down. This Decline should be used to accumulate balrampur Chinni. I have 500 shares @ 59 Rs/share and may like to buy 1000 shares in zone of 42-45 Rs band.
Power Grid - Technical Update
112-114 looks like resistance line while demand line is rising gradually. 101-103 looks like good support band.
Subscribe to:
Posts (Atom)