Traders come to the markets with great expectations, but few make profits and most wash out. A successful trader must hop over several high hurdles—and keep hopping. Being better than average is not good enough—you have to be head and shoulders above the crowd. You can win only if you have both knowledge and discipline.
Ashok Leyland
Ashok Leyland has taken support at its trendline and shown a bounce back with good increase in volume.
Buy above 29.6 Tgt 29.85,30.15 and 31
IRB
IRB is showing a breakout out of pennant formation coupled with volumes. Stocks looks set to continue its rally today and reach near the swing high of 210
Buy above 201 Tgt 203,207.3 and 210
DCB
DCB has been on volume list from past 1 week,Results were a good set of numbers coupled with RBI cutting rate by 50 BPS can help in breaking the stock its resistance line of 51. Ascending triangle formation which gives target of 59 in short term.
Buy above 50.3 Tgt 51.2,51.9 and 53
Coal India
Coal India has shown a classic breakout pattern after long period of consolidation.
Buy above 354 Tgt 358,363 and 370
Sell below 347 Tgt 344,339 and 335