Saturday, September 25, 2010
TRADING TIPS FOR 27 SEP TO 01 OCT 10
MLL-- One can buy this stock @55 for tgt above 58 within 3-4 days time horizon with stop of 50. As per chart EMA(20) is 53.25, EMA(8) is 53.96 and EMA(5) is 54.06. MACD above zero and a crossover is happening. RSI has taken a turnaround from 50 level and is now @ 58.82 level. All the signals are strong so go long. ABGSHIP-- Buy @ 245 for tgt to 255 within 3-4 days with stop of 235. MACD fast line trying to cross zero line. RSI 51.86. A good buy. RALLIS-- A doji formation is observed on the charts at support of 1420. Buy only if opens in positive. As per chart a bullish flag pattern is seen here. Buy and hold for 2 weeks, if market supports then we can see it above 1600.
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