Technical Calls on Rain Commodity,DCM Limited,Aries Agro and Ratnamani Metals

By | August 9, 2010 7:29 pm

Rain Commodities Limited


Rain Commodities after today huge up move is trading near its 200 EMA @ Rs 168 and if it continue to remains to continue with its upmove it can move till 200 MA at 178.

Buy around 160-163 Tgt 168,173 and 178

DCM Limited — Will this stock be Sell on News

DCM Limited has show almost 80% move from the rally started from 60 odd levels,and today came the Land Bank Story which made stock to rally and move up to 20% UC on huge volumes.

If we see technically look at the DCM Stock chart the answer is YES

Stock has closed at its long term resistance of 105 and we need to see tommrows follow up action if it breaks that resistance or Hold it and give a downfall.

Buy above 105 for a tgt of Rs 111 and Rs 117

Sell below 105 for a tgt of Rs 100 and 95

Aries Agro Limited

Aries Agro has broken out of falling wedge pattern and is all set to touch is all time high of 156 and make a new 52 week high in days to come.

Buy above 154.50 Tgt 158.4,164.15 and 174 in short term.

Ratnamani Metals

Ratnamani is trading in the Range of Rs 123 and Rs 132 and looks like Stock will break on upside.

Buy above Rs 132 Tgt Rs 133,134.5 and 138

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