Technical Analysis 10:  Bliss GVS Pharma Ltd.

09-Mar-2015

Last closing price (05-Mar-2015): Rs. 123.30 (BSE)

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Bliss GVS Pharma has formed an Up Flag on the Weekly chart.

Closing price on BSE:  Rs. 123.30

Date Identified: 04-Mar-2014

Target: Rs.161
Stop Loss: Rs.118 Duration: 1 month

Technical Analysis 9: Good Luck Steel Tubes Ltd.

19-Nov-2014

Last closing price (19-Nov-2014): Rs. 79.70 (BSE)

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Good Luck Steel Tubes has formed an Up Flag on the Weekly chart.

Closing price on BSE:  Rs. 79.70

Date Identified: 19-Nov-2014

Target: Rs. 98
Stop Loss: Rs.60 

Duration: 9 weeks

Technical Analysis 8: IOL Chemicals and Pharmaceuticals Ltd.

13-Nov-2014

Last closing price (12-Nov-2014): Rs. 66.45 (BSE)

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IOL C&P has formed an Up Flag on the daily chart.

Closing price on BSE:  Rs. 66.45

Date Identified: 13-Nov-2014

Target: Rs. 80
Stop Loss: Rs.62 

Duration: 5 weeks

Technical Analysis 7: Steel Authority of India (SAIL)

05-Nov-2014

Last closing price (3-Nov-2014): Rs. 86.75 (BSE)

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SAIL has formed the Inverted Head and Shoulder pattern on the daily chart.

Closing price on BSE:  Rs. 86.75

Date Identified: 4-Nov-2014

Target: Rs. 105

Stop Loss: Rs.83 Duration: 4 weeks

Technical Analysis 6: HSIL Ltd.

7-Oct-2014

Last closing price (7-Oct-2014): Rs. 373 (BSE)

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HSIL Ltd has formed an Upflag with the break out candle on daily closing on 7th Oct. Expecting the stock to reach the target price of Rs.480 by November first week. This stock has been on an uptrend since April with minor corrections on its way.

Closing price on BSE:  Rs. 373
Date Identified: 7-Oct-2014
Target: Rs. 480
Stop Loss: Rs.366 
Duration: 4 weeks

Technical Analysis 5: Escorts Ltd.

12-Sep-2014

Last closing price (12-Sep-2014): Rs. 147.60 (BSE)

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If we look at the Escorts chart for the past 3.5 years, it has formed a Rounding bottom pattern with a long 2.4 years of consolidation of price movement. The break out after Rounding bottom happened in the first week of November 2013 with sharp rise in volumes followed by an Up-Flag formation. 

The stock touched the short term target of Rs. 145 – Rs.150 only couple of times and that price band formed a resistance for the past 9 months.

On 12 Sep 2014 closing, the stock gave a break out forming an upflag in the weekly chart. This would be good stock to accumulate in dips. The immediate target would be Rs. 198 which is expected to reach by October end.

Closing price on BSE: Rs.147.60

Date identified: 12-Sep-2014

Target Price: Rs. 198
Stop Loss: Rs.138

Target duration: October end

Technical Analysis 4: Firstsource Solutions Ltd.

09-Sep-2014

Last closing price (09-Sep-2014): Rs. 42.60 (BSE)

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FSL has formed an Upflag with the break out candle on daily closing on 9th Sep. Expecting the stock to reach the target price of Rs.55 by December. 

Closing price on BSE:  Rs. 42.60
Date Identified: 09-Sep-2014

Target: Rs. 55
Stop Loss: Rs.40.50

Duration: 2.5 months