Trading Calls on Kalyani Forge,HZL,Rcom,Hanung Toys

By | August 4, 2010

Kalyani Forge

Kalyani Forge has made a move of 36% in 2 days on a stupendous volumes.But if you see the chart closely you can see that Stock stopped just at Rs 246 where it had a resistance previously.Now Stock has made a double top and looks like it will take a breather before making its next move.

Short Kalyani Forge around 246 levels Tgt 236 and 224 Keep Sl of 251

Hindustan Zinc

Trend Transition – When a stock reverses the trend either up or down by crossing over 200 dma – then it has potential to surprise in the direction of new trend.

HZL is on the verge of moving into Bull Phase once it move above its 200 MA ,accept some good moves on 2 days closing above its 200 DMA.

Buy above 1090 For a tgt of 1096,1107,1120,1141

Sell if unable to cross 1090 for a tgt of 1071,1059

Reliance Communication

Reliance Communication is consolidating near its 200 DMA and bulls are trying to defend it so that stock remains in it bull phase.

Buy at 176 tgt 179 182 and 185 Sl 173 on closing basis.

Hanung Toys

Double top formation buy on break of 272.50 tgt 275,277.3,281 sl 267

Dear Readers,

I can directly give you call like another People but only motive of me providing charts is that you people can understand how you can trade on yourself and do not depend on someother for calls/trading ideas.

Feel free to comment and any improvements required.

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