1. Bombay Dyeing: buy above 600. Target : 666, stoploss: 576
2 Wipro : Buy at current level: Target=411
3. Syndicate Bank : buy above 110 T1=113.50 , T2=117.50 Stoploss: 108
Wednesday, September 1, 2010
GIC'S Perfect Move
As discussed in last post GIC housing finance has shown us a perfect retracment. I expected 38.2% retracement from intraday high152.50 and that is 137.65 , instead it surpassed even 50% and went down 61.8% that is 128.30.
Still it is bullish in weekly chart and since April it is maintaing its position above 9 week EMA. BULLISH, isnt it?
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