Technical Calls on Spanco Ltd.,MSPL,OBC and Clutch Auto

By | September 1, 2010

Clutch Auto

Clutch is near its 200 DMA and can give a bounce as stock is oversold Indicators Oversold.Ripe Conditions for a Relief Rally

Stock has already moved as i am posting this due to some problem was not able to post the same,But I want all readers to understand such scenarios where stock is near its 200 DMA and bounce back 10% on a trought.

As per current move Buy it only above 72 for a tgt of 74.

Oriental Bank Of Commerce

OBC is taking support at its channel and trendline at lower side as shown in charts.Volumes are average .Stock has cooled a bit after staging a rally and consolidating before next upmove.

Buy above 434 tgt 438 and 440

MSPL

MSP Steel and Power I recommended this Stock at 48 levels and stock gave a move till 56.Which is giving almost 15% kind od returns.

Now again if the Stock moves and closes above 54 than we are in for some quick move till rs60 in a span of 1-2 weeks.

Buy above 54 tgt 57 and 60

SPANCO Limited

SPANCO is near its 200 DMA and one thing one need to observe is rise in volumes in yesterday trade.Stock is being accumulated and set for a quick rise till rs 100.

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