ANALYSIS OF STOCKS TRADING ON NATIONAL STOCK EXCHANGE [INDIAN STOCK MARKET]
HINDUSTAN UNILEVER ~ Soups to Soaps Sat Apr 10 2010 11:53:29
Interesting to look at Hindustan Unilever long term charts. LINE CHART [WHITE] = 5 years support trendline has been breached [dotted white]. CANDLE CHART - 6 years support trendline [BLUE] may lend support around 215 zones. March candle does indicate a possibility of short term reversal. Noting the tendency of HUL to bounce sharply from this trendline indicated by the long lower shadows on the monthly candles, covering shorts and adding some contra longs (CMP 221.35-215) looks prudent for targets of 240-250+. Stops for longs could be 209.95 on weekly closing basis. Can short below 209.95 if breached on weekly basis for 190-185-165 zones with stops above 218.10 on weekly closing basis.Follow Up - HUL moved as expected. Made a high of 274.35 on 24/06/2010 GAIL Sat May 22 2010 13:20:45[REFER CHART HERE]Classical symmetrical triangle breakout. Making life highs in weak markets. Can Target 490-500 areas in short-medium term. Bargain entries possible. Weak if closes below 428 now.
Follow Up - GAIL moved as expected. Made a high of 516.70 on 25/06/2010
GTL LTD Thu Aug 05 2010 12:57
[REFER CHART HERE]
Monthly Rickshawman Doji advises strong caution on long side. Expect resistance around 455-445 areas, watch out for volumes. Break below 413 and preferably below 404 on closing basis would be bearish. If breaks below neckline, targets areas are below 360.
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