Technical Analysis 9: Good Luck Steel Tubes Ltd.

19-Nov-2014

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

Click on the chart for enlarged view.

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)

Click on the chart for enlarged view.

 

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)

Click on the chart for enlarged view.

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