Technical Calls:Educomp,Opto Circuit and HUL

By | May 22, 2012

“Deciding when to cut your losses is one of the toughest decisions for anyone to make, but traders at the top of their game know that they always have to make the decisions they need to make, which may or may not be the ones they want to make”

Opto Circuit

Opto Circuit would be declaring its results today.Stock is unable to sustain and close above its 20 SMA 178 which means technically stocks look week.Break of 168 can lead to panic selling in stock and on higher end 178-182 range will act as stiff resistance

Sell below 173.5  Tgt 168.8,163.8 and 157

Buy above 178 Tgt 181,183.9 and 188.2

 

Hindustan Unilever

HUL is near its support of 425 which is both trendline support and 20 DMA.Break of same will lead to fall in prices till 414 and 400 odd levels

Sell below 425 TGt 422,419 and 414

Buy above 429 Tgt 432,434 and 437

 

Educomp

Educomp Solution have been beaten mercilessly from 200 to 151 odd levels, Stock has reached the bottom of channel and is showing signs of strength. Volumes are Up on rising day. Stock has formed Gravestone DOJI pattern yesterday signalling reversal is on cards.

Buy above 157.2 Tgt 160.3,163,165 and 168.5

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