Following Stocks are covered ICSA,Super Spinning Mills,Reliance Communication,Gillette India.Keep booking profits and as per your risk levels.
Super Spinning Mills
Super Spinning is forming an Inverted Head and Shoulder Pattern with Neckline placed at Rs 14.05.Stock is havig lot of trading Intrest Build up and can see higher levels if and only if 14.05 ie, Neckline Breakout Happens
Buy above 14.05 Tgt 14.9,15.5,16,16.4
Reliance Communication had a Dream run after a reconciliation between the Ambani Brothers .Stock moved from levels of 130 to sub 200 Levels.Stock is an interesting conjunction and important point to note from past 3 days unable to cross its 200 DMA which is cause of concern for bulls, and a upper hand for bears.
If we take the Fibo Retracement for the Stock following levels should be achived in coming week
Sell Below 182 Tgt 179 175 171 and 166 SL of 196
Sell below 135 Tgt 132 and 129
Long above 143 tgt 146 and 151
Gillette India weekly charts are presented above.We can see a formation of a hanging man which is having a Bearish implication.
RSI is also showing negative divergence which adds to fact that stock is going for a bear plunge till its 5 EMA on daily charts
Sell below 1700- 1712 Tgt 1685 1651 1616 and 1589 sl 1739
NB:Click on Charts to Enlarge and get a clear Picture.
Comments are welcome,Give your feedback’s on previous calls given