Saturday 21 December 2013

Raymond and ITC

Hi investors/traders,

I am back after a week long break. Nifty is acting on support and resistances. Ranbaxy jumped as I predicted in last posts.

Some new stocks to lookout for future:

ITC: ITC is on edge for quite a few time now. Looks like it can go down if it breaks 310 with good volumes.

Target: 295

After break keep SL of 313



























Raymond:

Raymond showed good volumes and looks ripe for good "cup and handle" breakout! It may take time to break out above 295. Considering clothes industry is doing good taking Bangla conditions. It can jump considerably till 320. Keep tight target of 310 after break out. And SL: 387.





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