Sunday, September 6, 2009

This week's recommendations

Below given is the explanation on Bottom Head and Shoulders Pattern. Now watch the live example of the pattern.

Amar remedies- The stock has formed a fantastic head and shoulders pattern. Also a fantastic breakout with heavy volumes. Buy with a stoploss at 37. Target- 62.

Shivam Auto - Another fantastic chart. Clear head and shoulders pattern. Buy with a stoploss at 60. Target -120.

Fertiliser shares- RCF, Deepak and Coromendal fertilisers.

All three stocks have similar patterns so much so that you cannot differentiate. These are tringle continuation patterns.
RCF - Buy with a stop at 60. Target - 92.
Coromandal - Stop- 160. Targte - 240.
Deepak - Stop-76. Target - 115.

I am not uploading all the chart. Deepak chart has been given for reference. Rest are same. Check out yourself.

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