Technical Analysis Blog

Short Term Stock Tips for the week from 18th January 2016

Sell WOCKPHARMA

STOCKS WITH BUY SIGNAL

MINDTREE (NSE Code) Signal : Double tops crossed near historic high. Stop Loss : 1500 Target : 1600 (Short term)

BALRAMCHIN (NSE Code) Signal : Year high crossed with govt. Policy. Stop Loss : 78 Target : 95 (Short term) Also watch other UP based sugar stocks such as RENUKA, BAJAJHIND

MBECL (NSE Code) Signal : Distribution pattern for 6 months. Bullish break out in the offing. Stop Loss : 93 Target : 115 (Short term)

DRREDDY (NSE Code) Signal : Bullish channel break out. Stop Loss : 2875 Target : 3000 (Short term)

MARUTI (NSE Code) Signal : Consolidation near minor bottom. Bullish break out expected any time. Stop Loss : 4140 Target : 4400 (Short term)

RAJESHEXPO (NSE Code) Signal : Distribution pattern near minor top. Bullish break out expected any time. Stop Loss : 685 Target : 735 (Short term)

TECHM (NSE Code) Signal : Trend line crossed. Stop Loss : 505 Target : 540 (Short term)

STOCKS WITH SELL SIGNAL

HARRMALAYA (NSE Code) Signal : Double bottoms breached. Stop Loss : 57 Target : 45 (Short term)

RELCAPITAL (NSE Code) Signal : Double bottoms breached with increased volume. Stop Loss : 390 Target : 360 (Short term)

WOCKPHARMA (NSE Code) Signal : News driven stock. Further break down expected. Stop Loss : 1325 Target : 1200 (Short term)

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