Tips and Tricks by Kiran Jadhav of Precision Technicals

by khalid on 20/01/2011 · 0 comments

Kotak Mahindra Bank Ltd :- Sell as there is more pain left in the stock. Charts of the stock suggest the bulls are trapped and it’s better to stay away from banking space for now. Current Market Price (CMP) of the share is Rs 413.05 ( SELL )
Kiran Jadhav of Precision Technicals

Welspun Corp Ltd :-Sell as the charts show the stock could climd to 165 level in the best case. It is unlikely it would move above these level. Making money in this counter looks a distant dream. Current Market Price (CMP) of the share is Rs 149.85 ( SELL )
Kiran Jadhav of Precision Technicals

Allied Digital Services Ltd :- Hold with a stop loss of 168. Around 170 provides crucial support. There could be a pull back in the stock with a resistance at 185. In the best case, 210 could also be reached. Current Market Price (CMP) of the share is Rs 173.25 ( HOLD )
Kiran Jadhav of Precision Technicals

HCL Technologies Ltd :- Hold with a stop loss of 480. The stock has outperformed the market. It has already broken the resistance, which was at 500. The stock could move to 650 in the next six months. A good up move is left in the counter. Current Market Price (CMP) of the share is Rs 507.90 ( HOLD )
Kiran Jadhav of Precision Technicals

SpiceJet Ltd :- Hold with a stop loss of 61. The stock has had a phenomenal run from May 2009, clocking higher top and higher bottom. The resistance for the stock is at around 90-100. Current Market Price (CMP) of the share is Rs 71.05 ( HOLD )
Kiran Jadhav of Precision Technicals

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