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How To Trade : Cadila, CAN FIN HOMES, GMR Infra, GNA Axles,Godrej Property, Dishman Carbo



CADILA : Stock is in uptrend and moving as we predicted in our earlier posts. As per charts above 270 stock can move towards 280-300 while if fails to cross 270 stock can retest 255-50 to 240 levels.Technically stock is looking positive.

CAN FIN Homes : Stock is trading range bound and currently it'is in a short term downtrend. When you see daily chart it is very easy to say that stock has multiple support in the range of 392 to 379. Hence we suggest you to use dips to add with stop below 377 for targets of 420-35 in short term. day traders can continue to hold /add shorts till it is below 405 for targets of support range 385-80.

Dishman Carbo :  Stock is in long term downtrend and has corrected from highs of 396 to almost 100 levels. Trendline study of daily as well as weekly chart indicates support near 96, so use dips to enter for a bounce upto 130. long term  Investors need not to enter till stock trades and sustain above 130. Below 96 stock can correct another 40-50% in coming months.
 GMR Infra : Add above 22 for targets of 24 with sl below 21.40
 GNA Axles : Weekly chart indicating RSI 5 in oversold zone . Further, 13wMA has crossed above 20wMA which indicates short term uptrend for coming weeks. Add above 255 for targets of 277-92 with sl 235
 Godrej properties : Add above 950 for 995-1010 to 1090 with sl 910. Stock has crossed 50 & 100 dMA which indicates bullish trend for coming days.