Technical Analysis Blog

Weekly delivery based Short Term recommendations for the week from 15th February 2016

Sell BPCL

STOCKS WITH BUY SIGNAL

AJANTPHARM (NSE Code) Signal : Distribution pattern near minor top. Bullish rally expected any time. Stop Loss : 1275 Target : 1370 (Short term)

BAJAJCORP (NSE Code) Signal : Hammer pattern after consolidation near minor bottom. Stop Loss : 370 Target : 410  (Short term)

SKSMICRO (NSE Code) Signal : DOJI formation near minor bottom. Stop Loss : 470 Target : 540 (Short term)

CHENNPETRO (NSE Code) Signal : HARAMI pattern with higher volume near minor bottom. Stop Loss : 140 Target  : 174 (Short term)

ALKEM (NSE Code) Signal : Trend line crossed with higher volume. Stop Loss : 1275 Target : 1355 (Short term) Also watch LALPATHLAB

POWERGRID (NSE Code) Signal :  News driven stock. V shaped recovery with increased volume. Stop Loss : 131 Target : 145 (Short term)

STOCKS WITH SELL SIGNAL

NESTLEIND (NSE Code) Signal : Multiple bottoms breached. Stop Loss : 5250 Target : 4725 (Short term)

SAREGAMA (NSE Code) Signal : Previous bottom breached with higher volume. Stop Loss : 255 Target : 212 (Short term)

SUVEN (NSE Code) Signal : Double bottoms breached with higher volume. Stop Loss : 187 Target : 165 (Short term)

BPCL (NSE Code) Signal : Triple bottoms breached with increased volume. Stop Loss : 825 Target : 740 (Short term)

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