Monday, December 7, 2009

Piramal Health - Fighting the market odds & marching ahead !

Friends,
 
On times as this when markets either consolidate or move adversly its really difficult times for a technical analyst to spot winners.
 
Today, after a lot of scanning on hundreds of chart, finally I came to recommending this one stock.
 
The chart suggests us 3 things -
 
1) UPFLAG - Very important for the upmove a breakout on the charts
 
2) Volumes - A huge voumes spike is clearly visible
 
3) MACD - A falling MACD is crossing on positive side after a long time. A proof of upmove to continue.
 
The stock is recommended at close today of 421, SL-413, Target-448, RR- 1:3
 
Cheers,
PREMAL
 

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