Weekly report for 16^th Sept 2011

GMDC :

The stock is trending on the weekly charts with a peak on its histogram. Price reached value zone with a large range bar this week. There are possibilities for a long entry next week. We have to keep this stock on watch.

Daily charts have a strong bearish break with a 204% above average volume while the stock is trending on the daily charts too.

Entry at 161.20 with a stop of 156.30 for a target of 189.00.

GUJARAT GAS :

Weekly chart of this stock is in a bullish trend, price is well above the value zone. On a pull back there is a long trade possibility. Daily chart is on and off from its bullish trend. Volumes are showing weakness on higher ups. There is a possibility of price going weak and that will prove an opportunity to trade long.

Entry: 416.35 with a stop of 407.2 for a target of 466.70.

LOVABLE :

The weekly chart of LOVABLE took a strong pull back from the high’s, which is exhibiting very strong bullish strength, value zone is far away from this week’s close. Daily chart has broken the back of the bull & its price is hovering around the sweet zone. There are higher probabilities for this stock to reach new highs on the next Bull Run.

Pull back trades on the long side can be entered at 441.90 with a stop of 411.80 for a target of 630.00.

This stock has a very high reward to risk ratio among the trades this week. In case the required pull back does not come through, still there is a good opportunity available to go long on an uptick in the daily charts.

PAPER PRODUCTS:

The stock has taken a straight plunge from its highs, which was into a pretty strong bullish trend. Price is hovering above the value zone for the past 4 weeks now, with the back of the bull being broken in the ensuing ranged move.

Daily chart is non-trending with its histogram already retracing good bullish divergence, but has failed to gather bullish momentum. On the next bear move, the daily charts will retrace multiple bullish divergences which will be a very strong bullish sign for the stock.

Buy at 75.40 with a stop of 73.20 for a target of 90.00.