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[vivek999]

Stocks that have broken long term support, and are headed down, as analyzed on Feb 10, 2008
-- by Vivek J T



10 Feb, 2008

Note: Traders are requested to use this information for their analysis, and trade if their analysis also indicates the same as given below.

If the general market trend is down, it would aid the fall of following stocks. However, if the general trend is up, it might not. Incase, the market turns out to be bullish, alternate entry-points are provided. Please use Stop-Losses based on your risk-appetite.

All Futures levels.

1. India Cement
Sell; CMP 206. Entry 199. Weekly charts also show closing below the trendline for last two weeks, but the movement hasn't been much. Incase it moves up, 220 level luks gud for entry.

2. L & T
Sell; CMP 3523. Breakout @ 3814; Weekly charts show a clear breakout. Incase it moves up, 3767 level luks gud for entry.

3. Ranbaxy
Sell; CMP 381. Broken out and trying to approach trendline. MACD n RSI also support this view. Incase it moves up, 390 level luks gud for entry.

4. Tata Power
Sell; CMP 1329. Entry 1302; Broken trendline; MACD n RSI luk gud for short; Incase it moves up, 1464 level luks gud for entry. Long term Target 974

Please do provide your feedback.

Mandatory disclosure: The analyst has no exposure to any scrip/s recommended above.

[vivek999]

Friends,

Please do provide feedback...

[vivek999]

Friends,

Now, my view is to close SELL positions, if they are still kept open.

Regards,
Vivek