iCharts Discussions

[amitkbaid1008]

Hi Friends

I am posting here some stocks calls

1. Short ITC @ 256.30 SL 272 TGT 234 (Lot Size 1125)
2. Short PNB @ 909.50 SL 951 TGT 835 (Lot Size 300)
3. Long SUZLON @ 74.05 SL 66 TGT 88 (Lot Size 3000)

Expert views & comments are welcome on these calls

Thanx

(Please not that price levels given above for cash market and positions in F&O should be booked on price action in cash market)

[Ravi_S]

Hi Amit,

Saw your calls and was looking at the daily/weekly charts of the scripts you posted... Though not an expert posting my views together with charts..

Chart 1 : (ITC)

1. Class A Bearish Divergence between Price and RSI
2. Huge Bearish Engulfing candlestick on 26 Nov 2009
3. Bearish DMI Line crossing over the Bullish DMI Line
4. Bearish MACD crossover
5. Bearish 3,15 EMA crossover

Chart 2 : (PNB)

1. Class A Bearish Divergence between Price and RSI
2. Bearish Engulfing candlestick on 26 Nov 2009
3. Bearish DMI Line crossing over the Bullish DMI Line
4. PARSAR reversing direction
5. Bearish 3,15 EMA crossover

Chart 3 : (Suzlon)

1. Class C Bullish Divergence between price and RSI
2. Bullish Engulfing candle on 27 Nov 2009
3. Bullish 3,15 crossover not yet happened

PNB and ITC looks good for shot, can wait till Monday to go long on Suzlon... Would appreciate if you posts charts to support your views...

Experts views are welcome

[amitkbaid1008]

Buy VIDEOIND at CMP 224.75 TGT 258 SL 215.50

For previous calls

Revise SUZLON Stop Loss to 78.25