Breakdown in Larsen & Toubro

L&T have come below the 1400. One can short L&T with target of 1000.

Rural Electric - request

In general Rural Electric is in bearish trend. However recently there is some buying seen in this stock. There is an OBV diversion which can make this as reversal candidate. I would put it as wait and watch.

Those interested in buying must keep the strict stop loss of 159.

Tata Motors reversal

As posted  earlier that there are quite a few stocks showing the sign of reversal.

These are good sign for the small investors who wants to enter in the market. Now any dip can be used as a buy signal.

Torrent Power Reversing

Torrent power have now given breakout to give the target of 260. One can buy with stop loss of 220

GSFC Breakout

GSFC have shown breakout.

Auto stock breaking out

TVS motors and M&M have given breakout over the mid term trend line.

L&T at bottom of range

Larsen & Toubro is consolidating and currently has taken support at the bottom of the range. One can buy with the stop loss of 1500 level with the target of 1800. Bigger move is only expected above 1800.

"I Club" investment club

Friends, I was toying with the idea of having an investment club. While I am still looking out for suitable online facilities. If any follower of this blog is interested in the active participation in such a club you can check the details by looking at this webpage.

I am looking for a member who can actively participate. In case you are just willing to check what is the performance of club's portfolio it will be made available online.

Do comment if you are interested.