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.

7 comments:

Yash said...

Thanks for the quick response. Can u please look at GBN do u think its worth entering around this level or one should wait what will be the support for this stock for now.

Regards,
Yash

yndesai said...

Well GBN is just listed. I am not very good at such a small data.

Yash said...

Thank you once again for your prompt reply...well I know am asking too much from ur side as am not good in technical things and have no idea thats d reason I start asking things so quickly..I would appreciate if u can look into MahindraGesco and tell me whats the major support lines and what the chart is saying as I have bought this around 490 couple of months back.

Thank's
Yash

yndesai said...

Mahindra gesco have moved up with nice volum. It seems a breakout the outlook is bullish.

Yash said...

Thanks for your reply can you please look into DRREDDY this got hammering most of the time.
can u pls tell me how to indentify oversold counters.
Any books will you like to refer for reading for technicals.

you can mail me at yash.ocean@gmail.com

regards,
Yash.

yndesai said...

Dr Reddy have good support at 600 you can stay long in it newer SL can be 609

Yash said...

Hi thanks for your response I would like you to just check about ACC can I go for long on this can u pls plot the chart of ACC.

Thanks
Yash

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