Technical Calls:BEML and Allahabad Bank

By | February 7, 2011

Guys Site is up and Running again.Sorry for Incovience Caused during the weekend.Few Technical Ideas posting.Please give feedback and make the site bit interactive so that we can have more people discussing stocks and we get more ideas which can lead for trading success.

Allahabad Bank

Base Formation is going on in Allahabad bank with resistance at middle level on BB.RSI is also showing positive divergence.

Buy above 205 Tgt 209,212 and 217 SL 196

BEML

Stock has been hammered from past 10 trading sessions,for reasons which i am unable to forsee.

BEML has a pattern of moving into on downside for long period of time than give a fierce bounce which comes on back of short covering and value buying.

RSI is at its lowest levels and we can see a Bounce shrply on upside if results are with market expectation

Buy above 778 TGt 801,830 and 842 SL 756

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