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  • Ranak Merchant

    17 Aug - 03:00hrs

    What are technical indicators suggesting ?

    Ranak Merchant Technical Analyst - Strategies, Sushil Finance

Posted By: guest:

I am holding shares in below companies, please advise shall I hold or sell them as I am having loss - H D I L, GMR Infra, Lupin, HSIL, Sun Pharma.Inds, Bank of Baroda , Tata Motors my time horizon is 3 to 4 years.

Posted By: Ranak Merchant

: HDIL (cmp 62) post a brutal fall (news driven) the stock has found some ground and appears to be consolidating. A move above 66 can trigger a short-term uptrend till 72-80 zone. One can hold. Lupin (Cmp 956), again post a deep correction stock is in consolidation, 975 to be watched for a dead cat bounce towards 1069. Sun Pharma (Cmp 488) likewise Lupin, watch above 492 for a dead cat bounce till 525, Bank Of Baroda (Cmp 149) support seen at 146 and resistance seen at 156, watch above 156 for an upmove towards 167, alternately the stock can be bought with a stop loss placed below 146. Tata Motors (Cmp 386) 390 would be the trigger for a dead cat bounce till 421 levels.

Posted By: guest:

whats the view on gnfc and rain industries?

Posted By: Ranak Merchant

: Altough I do not track GNFC (Cmp 276) support is seen near 264-260 zone, likewise Rain inds (Cmp 130) support seen near 120 levels.

Posted By: guest:

Your views on Cadilla and GAIL for 5 year horizon.

Posted By: Ranak Merchant

: Cadila HC (Cmp 482), post the pharma meltdown, this stock managed to hold onto its 200 Day EMA of 456 (although intraday it was breached, but recovery ensued). The stock appears to have found resistance in the zone of 500. Until clear patterns emerge and breakout/breakdown occurs, it appears to have found a trading range of 450-500 zone. Gail cmp 375 support seen at 200 Day EMA of 363 while 50 Day EMa of 380 provides resistance.

Posted By: guest:

hi i have 70 shares of lupin @1450, 8000 shares of nitin fire protection @13 pls suggest

Posted By: Ranak Merchant

: Lupin (Cmp 956), again post a deep correction stock is in consolidation, 975 to be watched for a dead cat bounce towards 1069.

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