Technical Charts – Crompton Greaves, DLF, ITC and Tech Mahindra

CROMPTON GREAVES -

Although this can be looked into as a bottom fishing candidate but the technical picture seems very bleak. Upside to 230-235 should be used to take a short trade.

There could be much more downside to the stock.

DLF

I continue to maintain my distance on real estate stocks but this is just a view. Can do 270 if able to close above 245.

ITC

Continues in a strong uptrend. Watch for a move above 206 can give a move up to 220.

TECH MAHINDRA

The stock continues to remain a favorite for the short term.

It gave a breakout at 705-715 where we have initiated a buy. Sustained move above 760 can take the stock quickly to 800+.

 

TECHNICAL ANALYSIS TRAINING SESSION –

MUMBAI July 30-31

Cheers,

Nooresh