Saturday, February 2, 2013

BHARTIARTL: IS THE NEXT BET EVEN FOR LONGER TERM

BHARTIARTL has come out with it Q3 result below expectation, and that is why we saw a sharp fall on 1/02/2013, but by this kind of sharp fall it has enter into a weekly demand zone of 323.9-329.6, and it closed @ 329.4. On weekly chart it is forming HH-HL pattern that suggest even in longer term prospect BHATRIARTL is the bet. And therefore, in spite of two consecutive weekly demand zone very near by (second one 299.55-309), I would like to take a long entry @ CMP 329.4 with a stop loss of 321, for the tgt 360, risk reward ratio of 1:4 is really making me greedy.  

HDFC:After a long time in a buy zone

Hi friends, after a long long time I am updating my blog, due to lack of time I was unable to continue my blog. By the way, here is HDFC, looking almost trading at its probable reversal point, though there are two weekly demand zone (761.65-779.35, and 732.65-754.7) consecutively, and I am referring about first one, one can take a long @ current DZ (personally I would prefer 770-775 to take an entry) with a strict stop loss of 759, for tgt of 810, 830.