Dr. Reddy's Laboratories Ltd. was listed on NSE on 30 May 2003 since then the performance of this company has rocked this entire pharma sector. Looking at the daily chart we see there is some bearish pattern developed in this stock and we are sure that weakness is likely to come here and pull the stock southwards. Technical levels suggests that there is no support until 1360 level, so our ... [Continue Reading]
Hero Moto Corp is in Uptrend: Traders Recommended Buy on Dips, Strong Auto Stock
HEROMOTOCO a leader in 2 wheeler automobiles segment is largest 2 wheeler manufacturer and seller. It is one of the flagship company of Hero Group, India. Looking at the charts for stock performance we see that the company has shown a strong growth and hence the stock follows. Technically this stock is very bullish and for short term its in consolidation phase, for the short term view one can ... [Continue Reading]
Is ABAN Ready for its next Bull Run? Buy now For Long term Target as 890, Bearish for Short term
Aban Offshore is one of the oldest drilling companies of India. This company drill wells for the oil companies. The stock has outperformed significantly well over the past 10 years from the Rs.4 per share in 1999 to Rs.5400 per share in early 2008, since then the stock was on down trend making a low of Rs.221 in march 2009. We are very sure that in the near term the liquidity will be come back ... [Continue Reading]
JP Associates is in Strong Down Trend, More Selling Expected Below 74 Levels
Jaiprakash Associates Ltd. a leader in construction sector, also it is one of the oldest company in this sector that is listed on NSE. Its shares began trading on 7 November 1994 on NSE. Also JPASSOCIAT has given very good dividends and bonus shares too, the stock performance of this company has been very impressive. But the current scenario is very different and the stock seems to be in ... [Continue Reading]
F&O Trading Strategy for Ambuja Cements Stock, What to do for Short term?
Ambuja Cements Ltd. is in cement and cement products industry. Ambuja Cements is also the largest cement producer in India. The AMBUJACEM stock seems to be bearish as it has dropped from the 160 levels and is heeding towards the 115 levels so for investors it is a solid opportunity to grab handsome profit. We will advice traders to enter the long position above the 135 level for short term target ... [Continue Reading]
