A positive breakout move was seen in the Syndicate bank chart, we are now bullish on the stock and one can start accumulating this stock at current levels as stock is now in consolidation phase as seen on charts. The market capitalization of this company is more than Rs.6,000 crore as on 4 March 2011. EPS of the company is at Rs.17.7 per share and book value of the stock stands at Rs.100. At ... [Continue Reading]
Short Term Stock: Buy Reliance Industrial Infra (RIIL), Target 773
This stock has shown a strong breakout above its resistance of 637 (50 DMA on 4 Hr. Chart). Today this stock is up more than 16% and is trading near 592. But at current levels we see this stock has become bullish and can test its next resistance of 745 in near term. On NSE, the stock was trading with huge volume of 3.4 million. Fundamentals of the company are very strong and healthy. we recommend ... [Continue Reading]
Short Term Stock: SINTEX Ind., Has Target 244.
This stock has been very bullish stock since the month of June, today the stock touched its new 52-week high of 237. As per trending move on daily chart we will strongly recommend to buy this stock for short term trading, Enter Buy position around 215 - 225, as this stock has broken above its 52-week high. Target comes at 244 / 268. Stop loss should be placed near 211 levels. This stock has 11 to ... [Continue Reading]
SpiceJet can touch Rs.83 mark soon
As the aviation sector is improving I see that SpiceJet numbers are getting stronger in future. So in my opinion this company should see robust growth in few quarter. SpiceJet stock has been showing strong momentum in past few days, so we recommend to buy this stock around 76 to 78 with target to touch 84. Stop Loss for this position should be placed at 74 levels. ... [Continue Reading]
