Technical Analysis Blog

Weekly Short Term Tips for Equity Trading for the week starting on 15th June 2015

Sell Tata Consultancy Services Limited

STOCKS WITH BUY SIGNAL

ABGSHIP (NSE Code) Signal : News driven stock. Previous top crossed with increased volume. Stop Loss : 166 Target : 192 (Short term)

ADANIPORTS (NSE Code) Signal : Consolidation near minor top for bullish break out. Stop Loss : 290 Target : 330 (Short term)

ESSAROIL (NSE Code) Signal : Longer term triple tops crossed with higher volume. Stop Loss : 118 Target : 168 (Short term) Also watch CHENNPETRO

PRAJIND (NSE Code) Signal : Bullish break out with higher volume. Stop Loss : 80 Target : 105 (Short term)

ASTEC (NSE Code) Signal : Distribution pattern near minor top. Stop Loss : 172 Target : 201 (Short term) Also watch KEC

CASTEXTECH (NSE Code) Signal : Distribution pattern near minor top. Stop Loss : 160 Target : 200 (Short term)

EROSMEDIA (NSE Code) Signal : Flag pattern near minor top. Bullish break out expected any time. Stop Loss : 450 Target : 540 (Short term)

SNOWMAN (NSE Code) Signal : Trend line crossed with increased volume. Stop Loss : 80 Target : 99 (Short term)

TRF (NSE Code) Signal : Trend line crossed with very high volume. Stop Loss : 310 Target : 352 (Short term)

STOCKS WITH SELL SIGNAL

TCS (NSE Code) Signal : Double bottoms breached with increased volume. Stop Loss : 2575 Target : 2435 (Short term) Also watch other Software stocks such as INFY, HCLTECH, WIPRO, POLARIS etc.

 

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