Ster : A break-out Trade

Monthly Value Areas : VAH-107.42, POC-103.58, VAL-99.74

Ster has broken out of Monthly VAH at 107.42 with good volume and looks like could move up holding VAH.

Based on the above a long could be created at CMP 110.95, with SL just below 107.40 (on an hourly closing basis) for a target of 113.70, and 118.60.

Mahindra & Mahindra : 80% rule can kick in above 698.40

Monthly Value Areas : VAH-736.20, POC-717.30, VAL-698.40

M&M after a good run-up from 621 - 739 corrected exactly 50% around 675 and is on the verge of moving up if closes above 698.40.

Looking at the chart pattern, a 80% rule can kick in above 698.40 for a target of 717 and 736. Positional SL for the above comes just below 686 on an hourly closing basis.

PunjLloyd: A short term bet

Monthly Value Areas: VAH - 58.74, POC - 54.58, VAL - 50.41

Looking at the chart pattern and Volume, PunjLloyd seems to have made a bottom around 46.60 level and has reversed to enter values areas and can do a 80% till 58.74 if VAL at 50.41 is not breached.

Accumulate PunjLlyod at CMP of 51.95 and below till 50.50 with a SL at 50.40 on hourly closing basis for a target of 54.55 and 58.70 within the next 2 weeks.

Ranbaxy : A Good Bet for a month

Ranbaxy : A Good Bet for a month

Monthly Value Areas : VAH - 501.15, POC - 492.15, VAL - 483.15

Looking at the profile chart posted below, Ranbaxy seems to have broken out of the 3 month consolidation range and is above all monthly values which itself is Bullish.

Investors can buy the stock at CMP above 501.50 for Target of 520, and 540, with SL just below 492 (Hourly Closing Basis)