Technicals on Sesa Goa,Remi Metals,Wock Pharma and Area T&D

By | August 16, 2010

AREVA T&D Limited

AREVA is stuck in a trading range of 287-296 from past many trading sessions with a low volume and trade should only be intiated only after break up and break down of the range.

MACD is showing positive move coupled with RSI trading above 60.

Buy above 297 Tgt 297 and 302.5

Sell below 287 Tgt 285 and 281

WOCKHARDT  LIMITED

WOCK Pharma made a move of 18% on huge volumes but interesting point to note is the way the Stock stopped exact at its triple top resistance of rs 191 as pointed on charts.Company is showing restructuring moves and bull operator can take stock some more highs in coming days but 193 should be taken out for any further rally to continue.

Buy above 193 tgt 199,203,219 and 240

REMI METALS

Looking at chart of Remi Metals tell me is it difficult to trade? All a trader need is patience,persistence and money managment.

Buy on break of 18.7 for a quick tgt of 19.4 and 20.2

SESA GOA


Sesa Goa went down on news of Govt banning iron ore and stock tanked 8% on huge volumes,Well this is not new for this volatile stock it has cracked from 200 DMA and now moving towards its support in the range of 310-315 as shown in the Chart.

If you see RSI the stock has made doublr bottom on RSI also.

Small exposure is recommended in the range of 310-315 with a stop of 304 on closing basis.

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