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.

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.

TataSteel : Bounce or Start of New Up-Move

TataSteel : Bounce or Start of New Up-Move

TataSteel after a huge run-up dropped 10% from the highs of 455.60 to the lows of 404.30. Today it went up and entered Monthly Values area at 405.10. Risky Traders can buy at CMP of 411, for Target of 424, 430.

Monthly Value Area : 426.40, 415.80, 405.10

Stop Loss for this setup comes just below 404 on hourly closing basis.