GREENPLY (CMP:234) - GREEN MOVES AHEAD

RECOMMENDATION - BUY AT CMP OF 234

TARGET - 295 , TIME -1 MONTH

=>The stock had been trading in a sideways trading range after topping out in March 2010.

=>This sideways move constitutes a pattern called 'Rectangle'. Breakout of this pattern occured last week with a stupendous increase in turnover.

=>Trader's remorse followed post the breakout - Indecisive choppy movement.

=> Vigor of today's price move clearly tilts the table in favor of the bulls decisively.

The positive view stands intact as long as the stock trades above 208 on a closing basis. The stock is expected to rally 20% in a very short span of time.

Disclaimer : The recommendations mentioned herein are for educational purpose only. One should not take buy/sell decisions based on the above analysis which is prone to errors. The author does not undertake any liability whatsoever arising out of profits/losses accruing from using the above analysis.

ATUL LTD - MOMENTUM WITH STABILITY

RECOMMENDATION - BUY AT CMP OF 197

TARGET - 247 , TIME -1 MONTHS

=>The stock had been trading in a sideways trading range after topping out in Nov2010. This time based correction has ensured that enough steam has been built for propelling it to much higher levels.

=>A breakout of this range constituting a triangle has occured today.

=> Its ability to consolidate above 08 high is a testimony of its supreme strenght.

The positive view stands intact as long as the stock trades above 184 on a closing basis.A must buy for every momentum trader!! Would not be surprised to see a return of 10% in a couple of days !!

Disclaimer : The recommendations mentioned herein are for educational purpose only. One should not take buy/sell decisions based on the above analysis which is prone to errors. The author does not undertake any liability whatsoever arising out of profits/losses accruing from using the above analysis.