ABB BSE Rs.802
Positive>Rs.770.Stop Rs.745(cl)
Shed over 36% since April 08 (recent past consolidation) & over 54% since Jan 08.
Subsequent to steep fall, in July 08, stock has witnessed good consolidated in Rs.750-Rs.940 range.
We are near to the lower range, once again. Continuation of the bearish trend, immediately, looks less likely- due to sharp cut of over 50% in barely 6 months & consolidation in the last 22 trading sessions.
Trade long, on a decline, for a range, with stop at Rs.745 (cl).
IDFC BSE Rs.97.5
Positive>Rs.87.Stop Rs.84 (cl)
From a high of Rs.235 (Jan 08) stock has dipped to a recent low of Rs.87.85 (16th July), over 62% cut.
Since then consolidated in range & now ready for a bounce, provided trades above recent low of Rs.88.
Once can Trade long with an initial range of Rs.90 to Rs.115/117. Stop few ticks below the recent low. More positive (only) if trades above Rs.115.
Shed over 36% since April 08 (recent past consolidation) & over 54% since Jan 08.
Subsequent to steep fall, in July 08, stock has witnessed good consolidated in Rs.750-Rs.940 range.
We are near to the lower range, once again. Continuation of the bearish trend, immediately, looks less likely- due to sharp cut of over 50% in barely 6 months & consolidation in the last 22 trading sessions.
Trade long, on a decline, for a range, with stop at Rs.745 (cl).
IDFC BSE Rs.97.5
Positive>Rs.87.Stop Rs.84 (cl)
From a high of Rs.235 (Jan 08) stock has dipped to a recent low of Rs.87.85 (16th July), over 62% cut.
Since then consolidated in range & now ready for a bounce, provided trades above recent low of Rs.88.
Once can Trade long with an initial range of Rs.90 to Rs.115/117. Stop few ticks below the recent low. More positive (only) if trades above Rs.115.
