Friday, April 20, 2007

Bulls in control


Impulsive move against inflation running it seems in nifty.
If bad inflation can't stop us I don't know what will. Monetary policy could do the trick but thats on the 24th or so.
Vision for next week: We're off to the races!! Best stock picks=inv hns breakouts
Those are your w3/wc candidates, confirm the move on fundas and go long.

Example: check out RCOM
Inv hns target is around 484-490 zone
My levels for the stock are 428/445/462/480/484/490/520
As long as its closing above 428 monster bullish.

Funda targets one year time horizon 520/707/770
Various fund houses
I am sure they started buying near 400 levels.
At 400 on yahoo I was getting the brilliant call fiis selling for target of 370.
Thats when accumulation was happening. This was after one fake spike low false break of support below 384.

follow the trend sl below 430 on closing basis
Support 438/441 or so from breakout


RCVL, Analysis Date:4/16/2007
Close/cmp:438.4
Swing : Up=Buy ( 9.000% sensitivity)
T1:430.429 T2:454.8
T3:494.229 1xR:474.4
SwingHigh:432.7 CMP:438.4
SwingLow:372.0 SLPivot:391.0
2xAtr14Stop:30.1038
Narrowsl:391.00
WideSl:365.15
Lower Chan:400.094 Upper Chan:457.172
ResLine:425.552

Pattern:IHSunc:1
Pattern:IHSC:1
Retracements :432.7-391
0.236:400.841 0.382:406.929
0.5 :411.85 0.618:416.771
0.786:422.859

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