HITACHI HOME,RCF and Opto Circuit Technical Analysis

By | July 4, 2010

HITACHI HOME

If we have a look at both Daily and Weekly Chart we can see a pennant formation which have implication of either breakout or breakdown from a trading range depending on volume activity.

Volumes have almost dried in the counter and trade should be excecuted only on the break of the range.

Long above 322 Tgt 326 330 337 and 348

Short Below 312.5  tgt 308 303 and 292

RCF

RCF is an ideal candidate for BreakOut Trading System We discussed the same few days before.

RCF is moving up on good volumes and RSI is also in buy mode.Stock should breakout the range and can see higher levels in a week.

Another way to look at chart , we can see formation of Inverted HnS with breakout neckline placed at 85.

Long above 85 Tgt 87.42,89.2,91.2 and 94 Sl 81

Opto Circuit


Sell Below 234 as we will see a trendline breakout and RSI and MACD are generating SELL Signal

Sell below 234 tgt 232 and 228 sl 239

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