Monday, April 5, 2010

Review of Quick Picks: 05 April

Hi,
Reviewing mornings trades, day was opened with a positive note and remained throughout bullish.

TULIP: TRADE DIDN'T TRIGGERED
As commented in morning first hours WRB will decide the direction of the trade. We did touched 963 in second bar but all the bars were WRB on bearish notes in the first hour so stayed away.




APTECHT: Aptecht opened with a Gap up which was not touched in the day, giving indication that we can see some more upmove in coming days. Target in my mind is 175+, it touched 174 intraday High, so my trade is still open.


ABAN: I guess everybody will be watching for Inverted Head n Shoulder in this scrip, It opened up with a gap up and ended consolidating but on a very low volume note (probably gap up killed the volume). Half a way on target. Hope to see some volume and upmove coming in tomorrow.




Ansal Infra: Moved throughout the day with some expansion and contraction, as its a positional play I hope it will reach steadily to 4-5 more Rs in the coming days with no hiccups as most of the infra stocks rallied today.



Brigade: Stock gave good upmove with Nice WRB and consolidated in the end. Stock can rally strongly again if moves again out of this rectangle. Stock gave 4 Rs Intra, not bad.....




Hope you liked it.

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