Bajaj Hinustan Breakout . . !

As expected Bajaj Hindustan has shown sign of

reversing.

Now closing at 183 with handsome volume makes

it the candidate of breakout.

Simplex Infrastructure on request .

On request of one of the visitor here is the chart of Simplex infrastructure which seems to have taken good support on the long term trend-line and is likely to bounce.

If it breaks and goes below the bottom trend-line the assumption of the trend-line would be violated hence the Stop Loss : 270~274 levels.

Target : 345~350 is based on the resistance level arrived based on the falling trend-line.

Polaris bouncing from 200 Days EMA

My experience is that the long term investors like Mutual funds keep 200 days Exponential Moving avg as an indicator to re-enter the stocks they are betting for long term. Polaris is seeing such buying. One can buy this stock with Stop Loss of 145~149 Level.

Bajaj Hindustan might reverse

It can be seen that there is buying interest in Bajaj Hindustan. Also there is Inverted Head and shoulder reversal pattern seen. I would advice people to buy this stock only after break of the falling trend line ie above 190~200 level.