Monday, June 21, 2010

Super Spinning

Super Spinning is forming an Inverted Head and Shoulder Pattern with Neckline placed at Rs 14.05.Stock is havig lot of trading Intrest Build up and can see higher levels if and only if 14.05 ie, Neckline Breakout Happens

Buy above 14.05 Tgt 14.9,15.5,16,16.4

Reliance Communication

Reliance Communication had a Dream run after a reconciliation between the Ambani Brothers .Stock moved from levels of 130 to sub 200 Levels.Stock is an interesting conjunction and important point to note from past 3 days unable to cross its 200 DMA which is cause of concern for bulls, and a upper hand for bears.

If we take the Fibo Retracement for the Stock following levels should be achived in coming week

Sell Below 182 Tgt 179 175 171 and 166

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