Technical Calls Jain Irrigation,Ranbaxy Labs and Bajaj Auto

By | December 2, 2010 4:31 pm

Jain Irrigation

Forming Triple top @245 crossing over it with volumes can take the stock to new highs levels

Buy above 245 Tgt 248,255 and 266

Ranbaxy Labs

Ranbaxy Labs is unable to cross 50 SMA @583.Today also tried to cross it but selling pressure from higher levels made the stock to close below crucial 583 Levels.

Buy above 583 Tgt 588.7,595 and 601 Sl 575

Short below 583 Tgt 575,570 and 563 Sl 588

Bajaj Auto

Bajaj Auto takes support at 100 DMA at every corrective dip as shown in chart.Once correction gets over stock rallies and make new high.

As shown in the above chart Stock again touched 100 DMA@1542 and bounced back.

Buy above 1572 tgt 1594,1614 and 1636 SL 1540

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