Tips and Tricks by Hemant Kale of MAIA Financial

by khalid on 29/03/2011 · 0 comments

Adani Power Ltd :- The stock touched a high of 145 in August but has been in a downtrend since then. Hold with a stop loss of 108. The stock has resistance at 124-133 levels. The oscillators are in oversold zone so a bounce back is expected. Current Market Price (CMP) of the share is Rs 112.40 ( HOLD )
Hemant Kale of MAIA Financial

Hindustan Construction Company Ltd :- The stock is forming lower tops and bottoms on the daily chart. It is trading below its 200 day moving average that suggests negative sentiments. The oscillators are in oversold territory so a bounce back is expected. The stop loss is at 31. Sell on rise at 40-42 levels. Current Market Price (CMP) of the share is Rs 36.10 ( SELL )
Hemant Kale of MAIA Financial

ICICI Bank Ltd :- The oscillators are positive suggesting momentum in the stock. It has resistance at 1160 levels. Hold with a stop loss of 1040. Current Market Price (CMP) of the share is Rs 1103.40 ( HOLD )
Hemant Kale of MAIA Financial

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