Wednesday, January 2, 2013

Punj Lloyd - Flag on daily charts

Punj Lloyd has formed a bullish flag pattern on daily charts. After taking support in 56-57 area the stock has broken out. There is a minor resistance around 64 area. A buy is recommended for medium term with a stoploss at 55. Target - Around 77. CMP - 61.


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2 comments:

  1. SAIVENKATJanuary 3, 2013 at 2:55 AM

    Vishal ji.. What is your view on BINANI INDUSTRIES..(bse 500059) Looking Good in Weekly charts....

    pls suggest.. on short term basis.

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    Replies
    1. Equity winsJanuary 5, 2013 at 2:18 AM

      Stock is looking good on daily charts also. There is a resistance around 145 but the stock is in the habit of making spurt moves. Buy with stoploss at 130

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