Tuesday, May 8, 2012

Stock view!!!

JSW steel
Jsw steel made a low of 650 and bounced back 62 pts.
Today it closed at 690 the today and yesterday was good as compared to previous days.
Current support at 688 (stoploss) and trend seems to be positive.
after 688... 650 will be again the support line.

KRBL
This stock was moving between 20 and 18 for few days
after breaking 19.50 the stock made a low of 18 at the support of the trend line.
sideways movement is expected in the stock between the price of 20-18!!!

JP Associate
The stock did touched the levels of 67-68 as expected.
after the govt slapped the fine on the company the stock tumbled more and broke the support of 66...
More down side can be seen.

Castrol
price bounced back from the levels of 485... (i assumed 490)
the price today made a low of 505  at the 55 avg days
positive movement is possible with a stoploss of 502!!!

Sterlite
the  price of the stock is yet in a down trend
the level of 98 seems to be the support where the price retrace 76.8%.
if the stock price move around the price of 98 and sustain to close above 98 in coming days then
on can see the change in trend of this stock.

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