Technicals Call:IGL and ICICI Bank,Aurobindo Pharma

By | February 24, 2011

ICICI Bank

Formation of Bullish WW in ICICI Bank in this scenario of bloodshed on street.Food Inflation was up marginally and all banks were punished because of fear of rate hike.

Buy above 1000 TGt 1026,1049 and 1075 Sl 943

Sell Below 943 TGt 928 and 906

 

IGL

IGL has closed below its 200 DMA which technically make the stock into bear region.

MACD is generating a SELL

Sell below 292.6 Tgt 289.1,285.7 and 283

Aurobindo Pharma

What a fall stock after USA news and now in afternoon follwing news came

 

Aurobindo gets tentative USFDA nod for generic Venlafaxine

Stock could bounce tommrow

Buy above 172.6 Tgt 177.2 and 181

Trading StratergySell below 292.6 Tgt 289.1 and 283 Sl 294

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