GUJARAT GAS : Long trade on the Impulse system hit stop today, The trade had a target of 465.15, the stock fell short of target by 8 points and turned around to take off entry stop.
GOLD ETF : Long trade with first entry in progress on the Gold ETF charts, the weekly chart of Gold is retracing a clear bearish divergence for the running week. There are possibilities of the index going further ahead, but bearishness is confirmed. So, be prepared for some weakness in Gold prices in the coming months.
OSWAL CHEM : This stock turned bearish on the weekly charts, built a good base at 60 levels & has taken off with a bang. The stock has registered 903% jump in volume against its 50 day average volumes. This stock has a long trade entry at 58.15 on the weekly charts. Lower levels attracted lower volumes and have strengthened the base for the next run. This stock is the Number one stock in our market in composite ranking since 1st August 2011. There is a pivot buy for long term positions at 76.40 in this stock. With the huge surge in price combined with volume support there is all likeliness of the entry getting filled in the coming days. Unfortunately all our Mutual Funds have missed out on this wonderful stock, None of them have any exposure in the stock.
Some stocks that look attractive for long trades are ARVIND, M&M, NAVIN FLUORINE & TVS MOTORS.
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