Stock Tips for Aug 22, 2011: Sell CESC

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Stock Tips for Aug 22, 2011: Sell CESC
Today's stock recommendation includes the CESC, ABG Shipyard, Aurobindo Pharma etc. Investing in stocks through Technical Analysis is trading based on the pattern of behavior.

Sharetipsinfo has recommended to sell the stock of CESC at around Rs 291 with a target price of Rs 272 and a stop loss at Rs 298. This recommendation is for positional futures.

The website, technicalanalysisofstocks, has recommended to buy the stock of Lovable Lingerie for the target price of Rs 472 and a stop loss at Rs 400.

Aditya Vora, Director-Research, ULJK Financial Services suggested calls on the following stocks in the Economic Times.

ABG Shipyard: For this stock Vora recommends a sell for a target price of Rs 270 and stop loss at Rs 360. On the weekly chart, the stock has broken out from its triangular pattern with huge volumes. Price pattern suggests a minimum target of Rs 280-270. The weekly RSI has turned negative indicating a further downside in the stock. The MACD has given a sell signal.

Aurobindo Pharma: Here too, the suggestion is to sell with a target price of Rs 125 and a stop loss at Rs 143. Aurobindo Pharma has broken out from its head and shoulder pattern on the weekly chart. The downside projection of the same pattern suggests a target of Rs 128-125. The momentum oscillators on the weekly chart suggests a possibility of a downward move in the coming trading sessions.

IndusInd Bank: For the banking stock there recommendation is to sell with the target price set at Rs 215 and a stop loss at Rs 250. The stock has given a breakdown from an upward sloping trend line at Rs 248. On the weekly chart, we see a negative divergence in RSI. The weekly MACD has given a sell signal.

Hindalco Industries: Here the recommendation is to buy with a target price of Rs 155 and the suggestion to lace the stop loss is at Rs 132. On the daily chart, after seeing a downward curve since July 27, the stock has staged a near-term reversal. On Friday, the stock formed a hammer pattern on candlestick. Above Rs 142, the stock should head towards the target of Rs 155.

Jubilant Foodworks: The recommendation for the stock is to buy with the target price being set at Rs 980 and the stop loss at Rs 905. The stock has formed a bullish flag pattern on the daily chart. A close above Rs 932 should see the stock enter a bullish trend. The price pattern suggests a minimum target of Rs 960-980. On the daily chart, the Stochastic and RSI are positive.

Firstpost has recommended the following stocks:
Kingfisher Airlines (Sell below 24, target 22.50)
Bata (Buy above 669, target 680)
SAIL (Buy above 106, target 110)

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