Technical Calls:BHEL,Ranbaxy and ITC

By | March 31, 2011

BHEL

BHEL is consolidating between its 50 SMA and 5 EMA.I have tried to show similarity in this pattern which was formed before also in the 2 rectangle in below chart.

BHEL is consolidating and looks ripe for a sell below today’s low.Stochastic has given a SELL

Gap between 2055 and 2051 also needs to be filled.

Sell below 2055 Tgt 2046,2030 and 2004

 

 

Ranbaxy

Ranbaxy is moving into parallel trendline channel and facing resistance at upper trendline channel.

STOC is giving a BUY MACD Buy

 

Buy above 451.7 Tgt 453.4,457.8 and 463

 

ITC

ITC has given breakout on Daily Chart as shown below.

ITC is at its Life time high and Stock has moved into uncharted region.

Looking at todays move with volume Stocks looks ripe for more gains

Buy above 184 Tgt 187.2 and 190.4

 

 

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