ENGINEERS INDIA
Engineers India looks good after breaking out of Wedge formation on weekly chart. On Daily chart stock trading above 200 EMA. Taking a low 178 and previous high 332, we can expect stock to retrace minimum to 61.8% of fall which is coming at 273. So one can buy the stock above previous days high ( 245) for a target of 255 to 274.
VST Tiller Tractors
VST Tiller Tractors moved out of trading ranges and had a good run up for two years almost till 1955. After that it made a correction in between 50 to 61.8% of rally at 1112. Now stock is ready to move once again. From last three days we have seen huge volume coming in stock with lots of buying interest. Stock can make 2200. Buy the stock at CMP and be cautious at 1635 to 1800 range. If u can not take risk when it made this range you can book half position and keep rest as SL at recent low 1328.
Avanti Feeds
Avanti feeds is getting ready to give a break out. It is been trading in a trading range forming a triangle and now it is set up ready to break out of this rane with a target price of 2100.
Volumes also seen and MACD is also turning up positive to see a sudden and sharp move in the stock. Below daily and weekly charts depicts the stock move.
Engineers India looks good after breaking out of Wedge formation on weekly chart. On Daily chart stock trading above 200 EMA. Taking a low 178 and previous high 332, we can expect stock to retrace minimum to 61.8% of fall which is coming at 273. So one can buy the stock above previous days high ( 245) for a target of 255 to 274.
VST Tiller Tractors
VST Tiller Tractors moved out of trading ranges and had a good run up for two years almost till 1955. After that it made a correction in between 50 to 61.8% of rally at 1112. Now stock is ready to move once again. From last three days we have seen huge volume coming in stock with lots of buying interest. Stock can make 2200. Buy the stock at CMP and be cautious at 1635 to 1800 range. If u can not take risk when it made this range you can book half position and keep rest as SL at recent low 1328.
Avanti feeds is getting ready to give a break out. It is been trading in a trading range forming a triangle and now it is set up ready to break out of this rane with a target price of 2100.
Volumes also seen and MACD is also turning up positive to see a sudden and sharp move in the stock. Below daily and weekly charts depicts the stock move.
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