Hindalco Industries Ltd. is largest producer of aluminum in India. The company was listed on NSE on 8 January 1997, However the stock performance is not very attractive in the metal space. HINDALCO stock has made a new all time high of Rs.253 on 6 January 2011, since then the stock has been weakening and we are looking for selling opportunities as long as the price action is below the 190 level on ... [Continue Reading]
Short Term Bullish Stocks: Buy Siemens Today for Short Term Target as 945 Level, Risky Call
Siemens Ltd. is engaged in electrical equipments business we can also call it as capital goods segment. Siemens Ltd is one of the oldest listed company in India, it was listed on NSE on 6 September 1995. Stock market performance has been nice for the company as we have seen its stock trading from 35 level in 2003 to 1140 levels in 2008. Similar performance was seen in BHEL stock as they belong to ... [Continue Reading]
IGL Stock is Supported by Rising Trendline, Strong Buy Recommended near 357 Level
IGL is our short term recommendation, this stock has been continuously trending up, Which is supported by rising trend line. Since the stock is in long term uptrend we will focus only on buying signals generated by slow stochastic indicator. If we look at weekly chart we see, IGL has faced resistance at 355 to 365 zone. So this zone for now will act as support level for stock, hence bounce in ... [Continue Reading]
Stock Trading at Strong Support: Buy MCDOWELL-N Future near 694, Target 719
United Spirits Ltd, is trading near the strong support zone and we are expecting MCDOWELLS-N stock to bounce towards 719 level in 2 or 3 days. Stock is extremely oversold looking at 15 days RSI we see it at 27 level, hence a bounce at this support level is more likely to come out of oversold region and we have target for MCDOWELLS-N stock at 719 and then 726 levels. We will advice traders to buy ... [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]