Sunday, December 16, 2007

Stocks to watch in the coming week


Following are some stocks worth watching in the coming week. This list is based on the technical analysis

Stock Action Resistance (Stock needs to close above this level to achieve the target) Target
India Cement Closed above the resistance level of 323 in last session. 320-325 360
JK Lakshmi Bullish engulfing pattern and closed above resistance of 210 in the last session. 210 245
Khaitan Injdia Bullish engulfing pattern and closed above resitance of 49 in the last session. 49 55/60
Lupin Stock closed just below the resistance level of 645 in the last session. The volume has increased. Money is coming into this stock 645/730 730/800+
Orchid Chemicals Has formed a symmetrical triangle 265 290+
SesaGoa The stock closed just below the resistance level of 3900 and volume has increased in last few sessions 3900 4300

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