Thursday, January 12, 2006

SRF is starting to look attractive.It is forming Ascending triangle. Volumes also decreasing. My take is that little more riskier investor should get in Long right now. Safe bet would be to wait for a break out from 296-300 Level. From where the stock can see 50 Rs. Upside. In any case have your stop at around 280. Check volumes also during the break-out.Thanx, Ravi

Ravi Pathak

Tuesday, January 03, 2006

Infosys Tech is creating a rising wedge and there are signs of reversal. Volumes are reducing.Divergense also shows negative trend.Besides,Bollinger Bands are extremely narrow. My Take is to create a short position from hereon the reversal would get confirmed as it breaches,2960.One can even wait to create position till that level. Also have a strict stop at 3027.If it breaches then a Long can be taken.

Ravi Pathak