Technical Analysis Blog

Short Term Capital Market Tips for the week from 22nd October 2018

STOCKS WITH BUY SIGNAL

HINDZINC (NSE Code) Signal : Triple tops crossed with higher volume. Stop Loss : 272 Target : 295 (Short term)

HINDPETRO (NSE Code) Signal : Consolidation near minor top with increased volume. Bullish break out expected any time. Stop Loss : 200 Target : 225 (Short term)

KILITCH (NSE Code) Signal : Trend reversal pattern with increased volume. Stop Loss : 150 Target : 175 (Short term)

EIDPARRY (NSE Code) Signal : Trend reversal pattern with increased volume. Stop Loss : 188 Target : 212 (Short term)

STOCKS WITH SELL SIGNAL

GESHIP (NSE Code) Signal : Double bottoms breached with higher volume. Stop Loss : 290 Target : 265 (Short term)

DMART (NSE Code) Signal : Double bottoms breached with higher volume. Stop Loss : 1290 Target : 1175 (Short term)

SIEMENS (NSE Code) Signal : Double bottoms breached with higher volume. Stop Loss : 900 Target : 850 (Short term)

PNBHOUSING (NSE Code) Signal : Breaching two year low with higher volume. Stop Loss : 800 Target : 670 (Short term) Also watch the other housing finance companies such as REPCOHOME, DHFL, IBULHSGFIN etc.

MINDTREE (NSE Code) Signal : Bearish gap down break out breaching triple bottoms support levels with higher volume. Stop Loss : 875 Target : 775 (Short term)

BANDHANBNK (NSE Code) Signal : Recovery from steep fall short lived. Below the issue price. Stop Loss : 450 Target : 390 (Short term) Also watch AUBANK

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