Trading Calls:Central Bank,Patel Engineering

By | February 18, 2011

Central Bank of India

CBI is taking support at a rising trendline @156.65 and facing resistance @161.25 as shown on daily charts

RSI is rising and giving a buy signal and MACD is in Buy zone

Buy above 161.65 Tgt 163.4,116.9 Sl 160

Sell Below 159.5 Tgt 157.7 and 154.9

Patel Engg

Patel Engg looks ripe for a bounce after severe correction from high of 324 to sub 180 levels

MACD is a buy mode

Buy above 195.9 Tgt 199 and 205 Sl 191.6

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