How To Trade : GE Shipping, Emami, Happiest Minds, Exide Ind, HBL Power and Eicher Motors

Eicher Motor: 

Two different patterns 1. Head and shoulder : Bearish Pattern targeting 2150-1950 and 2. #Elliottwave ABC corrective waves looks completed but yet to confirm start of fresh wave 1 and may extend wave C further. with above targets, hence any rally can be used for shorts till stock closes above 2600 (stoploss). Above 2600 fresh move expected. Day Traders can watch long for 2470-2505-2545

Emami Ltd. 

Stock is trading in an upward channel for long term and currently trading near its support line. On sustaining above 505 we can expect rally towards 535-558-590 in coming days. Stock has good support around 475 while stoploss can be placed at 465. All technical indicators including RSI 14, ADX,CCI, Stochastic has turned positive. Candle pattern on Friday was Bullish Engulfing Pattern.

Exide Ind : 

An Head & Shoulder pattern in making is visible & will confirm in coming days if stock fails to close and sustain above 191. Major support exist between 175-165 where a buying is advisable with stoploss of 162 on closing basis. Below 162 we expect stock to drag  further towards 145-120. If stock sustains above 191 stock can rally towards 215-20

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Happiest Minds : After great move from 307  to 869, stock is in correction mode, and can get support around 685-65 or around 605 below 600 target will be 500.

HBL Power : Stock is looking good on charts and can be added as short to medium term investment above 42 with stop below 37.5 on closing basis.

GE Ship : 

Stock is looking good on charts and once sustains above 410-15 we can expect sharp move towards 480-540 in coming days. Stop can be placed below 385