Technical Calls:BF Utility,Tech Mahindra and NTPC

By | September 23, 2010

BF Utilities Limited

BF Utility is at its 200 DMA and i belive stock will show a good bounce after going for around 2 weeks of slumber and decline in trading activity.Technically Stocks looks ripe for bounce.

Indicators are in Oversold Conditions and Volume is on decline as shown in above chart.

Buy around 967 Tgt 1007 1045 and 1071

Stock is facing very tough resistance at 1071 and if it is crossed with volumes except a new 52 week high on BF UTILITY

Tech Mahindra

Tech Mahindra is also on a verge of Trend Transition from moving from Bear to Bull.

IT stocks are on fire and the way Big Shots INfy WIPRO are marching ahead Tech Mahindra

Technically above 828 except lots of buying and momentum.

Buy above 812 Tgt 828  837 and 876

NTPC

NTPC the Big boy and slow mover is facing trendling resistance in range of 209-210

Trading Range 204-210

Buy above 210 Tgt 212 and 216

Sell below 204 Tgt 201 and 197

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