Grasim industries is another stock that is trading at a strong support level and is ready for up move, Stocks on weekly chart shows a up trend hence we only focus on buying opportunities. Recently slow stochastic has given a crossover on weekly chart so we are expecting strong buying here. Also the chart shows that there is support at 2929, which was a resistance previously. But as price action is ... [Continue Reading]
Medium term Investment Stock: Buy Ajanta Pharma for target 486
Ajanta pharma (NSE code: AJANTPHARM), is one of the most outperforming stocks in the pharmaceutical sector. On weekly chart we have seen an excellent trading pattern, we see stock has been in uptrend and this has made us to look for only long positions. Here on the weekly chart, we have noticed a crossover on slow stochastic indicator which is a signal to buy into Ajanta Pharma stock around 390 ... [Continue Reading]
Gold Analysis For Next Week (25-Oct-2010)
We have seen new lifetime high in gold due to appreciation in US Dollar. But Profit booking brought the precious metal Gold down last week, now Gold after correcting to 1315 levels we see Gold as good opportunity to buy at these levels. As per our analysis Gold will see good support around 1308 levels and resistance will be at 1341 / 1357. Our Preference: Buy Gold near 1316 for Target: 1341 / ... [Continue Reading]