Hi Everyone,
Just a few updates............
ABB --forming another ascending triangle,breakout from the high is going to take us to much higher levels.....once it takes out the high,we raise the SL to the presently forming pivot.For those who are in it already,it's still ahold.Could add over 1555.(up 14%)
ANDHRA BK --still looking fantastic on the weekly.Hold.(up 5.5%)
AMTEK AUTO --Still a hold.(Up 10%)
ANDHRA SUGAR --again,it's a hold.Still looks good.(up 9%)
ASHOK LEYLAND --Very,very nice.It's still a hold.(up 7.7%)
AVENTIS PHARM --weekly/monthly breakout to new highs,let's see where it takes us.(up5.5%)
BANK OF RAJASTHAN --superb looking weekly.Hold.(Down 1%)
BEML ---Still nice,Stop loss at 580.Hold.(Up 1%)
DIVIS LABS --Topping tail on the weekly,looks like correction time.Still a hold.(Up13%)
GUJ NRE COKE --hold.Weekly will take off when it does.SL=103.(down 1.2%)
INDRAPR.GAS --Still within the range.....for now,hold(up 4.7%)
IVRCL --This has taken a breather and ready to go to new highs.Raise the sl once new highs reached.Looking good!(Up 5.9%)
JINDAL STEEL --Hold.(Up 4.5%)
JAIPRAKASH ASSOC. --verrrry nice,new highs.(up 30%)
MAHINDRA GESCO --Weekly breakout,nice!!(up 35%)
MID-DAY MULTIMEDIA --in an area of congestion.Hold.(down 1.6%)
NTPC --slow mover,but this week still took out last week's high,and made ahigher low.....so we wait.Hold.(up 4.4%)
NOIDA TOLL BRIDGE --Looks good for a breakout soon.Hold.(Down 1.6%)
PETRO LNG --Weekly making higher highs and lows.Add on pullback.(up 12%)
POLYPLEX CORP --Hold.(up0.1%)
PRISM CEM --we have a high vol.breakout putting up a wide range bar on 19/7, followed by 3 days of pullback on decreasing vol.to an area of support.Add over 23.75.(up 15%)
SESA GOA --Higher highs and lows on the weekly.....Hold.Still looking good.(Up 22%)
TISCO --Hold.(up 9.6%)
TATA TELE --very nice.Hold.(up 9%)
UNION BK --Hold (up 6%)
UTI BANK --Hold(up 2.5%)
WELSPUN GUJARAT --At resistance.Hold.(up 14.2%)
HMT --out at 102% gains.
SINTEX INDS --Didn't enter.Too low vols for my comfort.
SHR CEM--didn't enter....again too low vols for my comfort.
All the best,
Happy Trading!
Saint
