Technical Calls 3 December 2009
DLF (385.50)
Stock has made “ Long White Candle ” bullish candlestick pattern on daily chart with decent volume. One more important notification is that stock has managed to close first time above its 34 DEMA after late October. Daily Momentum indicators RSI,Stochastic and MACDh are also giving buy signal on chart. Looking at all above statement high Risk trader can Buy above 386 with a tight stop loss of Rs 380 for a target of Rs 397-Rs.400.
LIC HOUSING(855)
Stock has formed a “Bearish Engulfing” candlestick pattern with supplyline breakdown at 857 level neighbouring from 11 nov to till date. Daily Momentum oscillators RSI, MACDh and Stochastic are also giving sell signal. Stock is also closed well below 3DEMA and 8DEMA. Looking at all above evidence Traders cans Sell below Rs.852 with Tight stop loss of Rs.860 for a target of Rs.830
Stock has made “ Long White Candle ” bullish candlestick pattern on daily chart with decent volume. One more important notification is that stock has managed to close first time above its 34 DEMA after late October. Daily Momentum indicators RSI,Stochastic and MACDh are also giving buy signal on chart. Looking at all above statement high Risk trader can Buy above 386 with a tight stop loss of Rs 380 for a target of Rs 397-Rs.400.
LIC HOUSING(855)
Stock has formed a “Bearish Engulfing” candlestick pattern with supplyline breakdown at 857 level neighbouring from 11 nov to till date. Daily Momentum oscillators RSI, MACDh and Stochastic are also giving sell signal. Stock is also closed well below 3DEMA and 8DEMA. Looking at all above evidence Traders cans Sell below Rs.852 with Tight stop loss of Rs.860 for a target of Rs.830
