Stocks with momentum:IVRCL,IRB and JSPL
25 January 2013
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IVRCL
IVRCL fell 21% yesterday on back of news of Killing of NHAI operator. Stock has broken important support level of rs 36 and closed at 33. Break of 31.7 can take further beating of stock 28-25 odd levels range.
Sell below 31.7 Tgt 30.3,29.3,27.5 and 25.8 SL 33
IRB
IRB is on verge of breaking its descending triangle which is a continuation pattern, breakpoint of which comes at 111.5 Break of 111.5 can see further tumbling 35 points in short term . Short term target comes = 111- (146-111) to 75 odd levels.
Buy above 116.5 Tgt 121,123 and 126 SL 114
Sell below 111.4 Tgt 109.3,106.1 and 104.5 SL 114
JSPL
JSPL is forming an pennant formation taking resistance at downward coming trendline and support at rising trendline.
BUy above 421.4 Tgt 426,429 and 433 SL 418.5
Sell below 416 Tgt 413.8,408.7 and 403 SL 418.5
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Dear Bramesh,
I have purchased Fedders LLyod for Rs 61.50/share what is the prospect as I am holding the same for past 4 months.Please suggest. As I want to tka share in positional call please guide I am new to stock market.\
Thanks
Dear Sir,
Fed Lylod has strong support in zone of 41-43, Holding the same bounce back can be seen in stock.
Rgds,
Bramesh
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Bramesh Bhandari contributes actively to the renowned Futures Magazine,Chicago
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