Hi,
I will be posting my picks based on technical and chart anlysis with rationale so that you can verify and act accordingly.
My todays pick is Gateway Distriparks Limited. On weekly basis there was a moving average crossover and Piercing pattern at 80 levels. Thereafter the stock rallied to 100 levels again giving a pullback to 90 levels where there was a Doji and sharp move up again. Also the osciallators have turned positive. Stock warrants an accumulation upto 95 levels on part basis.
On daily charts the stock has formed adouble bottom at 85 levels again gave a move towards 87 and bounced again to form 3 Advancing soldiers. The stock should first move up t0 115-120 levels where you should book 40% profits.
Overall recommendation. Accumulate upto 95 levels with a stop at 85.
I will be posting my picks based on technical and chart anlysis with rationale so that you can verify and act accordingly.
My todays pick is Gateway Distriparks Limited. On weekly basis there was a moving average crossover and Piercing pattern at 80 levels. Thereafter the stock rallied to 100 levels again giving a pullback to 90 levels where there was a Doji and sharp move up again. Also the osciallators have turned positive. Stock warrants an accumulation upto 95 levels on part basis.
On daily charts the stock has formed adouble bottom at 85 levels again gave a move towards 87 and bounced again to form 3 Advancing soldiers. The stock should first move up t0 115-120 levels where you should book 40% profits.
Overall recommendation. Accumulate upto 95 levels with a stop at 85.
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