Stock recommendations (equity)

Yagnesh07

Well-Known Member
#55
24) BUY Mahindra & Mahindra Ltd
CMP: 726.65 Go long
Target: 780
SL : 716 on closing basis

Channel breakout by closing above 715.5 levels as defined by Bollinger Bands.
MACD gives buy signals.
 

Yagnesh07

Well-Known Member
#58
@ calmeshenoy:
View on Varun Ind
Technically stock is broken its support level with increased volume.
Stock may test the 30-20 lower levels. Stock is in down trend for short- mid term.
It is below it's 15-days EMA (148.14), 20-days EMA (166.28), 50-days EMA (200.27) & 100-days EMA (193.58) which confirms the stock is in down trend.
Exit this counter if possible.
 

Yagnesh07

Well-Known Member
#59
26) BUY call on Hindalco Ind
Buy above 120 levels
CMP: 120.5
Tgt : 135
SL : 117.5

Stock gave breakout and set good candle stick pattern on 6th June 2012 on daily chart with rise in volume.
Also very strong bounce back from lower levels. Stock is making positive chart pattern on daily chart.
 

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