• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Port Info

• Ships in Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

B. Krishnakumar

Tata Chemicals (Rs 188.3): The outlook is positive and the share price could move to the Rs 225-230 range in the near term.

The positive outlook would be in force as long as the stock holds above the stop-loss level of Rs 160.

A close below this level would warrant liquidation of long positions.

Fresh exposures may be considered with a stop-loss at Rs 160.

Cipla (Rs 345.5): The share price has already moved to the target zone of the Rs 345-350 range mentioned in the edition dated May 29.

It is in a long-term upward trend and a move to the Rs 395-400 range appears likely.

The price pattern being traced by the stock is a delight to watch for an Elliott Wave analyst.

The stock is in the powerful Wave 3 in Elliott Wave parlance.

Investors willing to wait for at least a year may expect exit opportunity at close to the long-term target zone of the Rs 650-700 range.

The positive view would be in force as long as the stock holds above the stop-loss level of Rs 300.

A close below this level would delay the progress towards the long-term target.

Shareholders may remain invested with a stop-loss at Rs 300. Fresh exposures may also be considered with a stop-loss at Rs 319.

Partial profit-booking may be considered by short-term traders when the stock moves to the immediate target zone of the Rs 395-400 range.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Monsoon effect: No rain-shadow on India Inc

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line