Tuesday, April 29, 2014

Patterns in RCOM, TataSteel, PNB and Voltas

RCOM: 
Triangle can be observed in RCOM Daily chart
Breakout above 135.40, tgt 1- 139.90. tgt 2 - 147.25. SL 133.10
Breakdown below 131.25, tgt 1 - 126.75, tgt 2 - 119.40, SL 133.50


TataSteel (Daily Chart):
Rising Wedge, Breakdown below 425 (in 1 hr chart), tgt 1 - 417.35, tgt 2 - 405, SL 428.85


TataSteel (Weekly Chart):
INHS Pattern in making which has breakout above 432 (on weekly close basis).
Tgt 1 - 535.50, Tgt 2 - 672.20 keeping SL at 380 after break out


Voltas:
Rising wedge in daily charts.
Breakdown below: 163.30, Tgt 1 - 157.70, Tgt 2 - 144.45, SL - 167.10


PNB:
Rising wedge in daily charts.
Breakdown below: 778, Tgt 1 - 751.80, Tgt 2 - 709.40, SL - 791.10




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