Short Term Trading Calls on TTK Prestige,JBF Industries,Jindal Steel,REI Agro and Radaan Media

By | August 19, 2010 12:29 pm

TTK Prestige

TTK Healthcare is forming a ascending triangle formation which is having a positive significance in short term, Stock is taking support at 50 SMA from where it has started its rally as shown in the Chart.

Positive divergence in MFI index is giving sign of accumulation in the counter

Buy above 942 tgt 952 and 962 and 986

Sell below 922 tgt 913 and 902

JBF Industries

Stock stuck in a trading range and gave a breakout today but we need to see a follow up actions how it reacts tommrow.

Buy only above 152.2 For a tgt of 155.17 and 158

Jindal Steel

Jindal Steel moved above its 200 DMA today and gave a move of 2% today but as being a Index stock and Dow correcting we need to see a follow up actions how it performs tomorrow.It faces a strong resistance at 689 which needs to be crossed to stock to carry its upmove in Bull Wave.

Buy above 693 Tgt 700 and 713 Sl 672

REI Agro

REI Agro making a base at 20 levels and accumulation pattern formation is quiet visible on charts.Medium term traders are advised to buy this stock in small quantity and hold on to it for a tgt of 20-30% up move in coming sessions.

Radaan Media

Traders favorite penny stock is on the verge of making its wave into bull region and need to see follow up action.

Buy above 3.48 Tgt 3.67 and 4.03

JBF Industries

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