Intraday Calls

INTRADAY CALLS FOR TOMORROW(15-04-2015).

Shown above is the 60 minutes chart of

Ramkrishna Forgings. As we can see the stock has given a breakout of a channel with higher volumes in which it was trading from some days. It has also given a breakout in its daily and weekly time-frame charts. The moving averages are in line to support the uptrend. Therefore, I suggest to buy the stock above 582 for targets of 592-595, above which the stock can head for levels of 600. One should maintain a strict stop loss below 560.

Shown above is the daily chart of

Larsen and Toubro. As we can see the stock has given multiple breakouts in the last trading session. The stock has also given breakouts in 60 minutes chart and weekly chart whose targets are yet to be achieved. The moving averages have also given a positive crossover strengthening the stock. Therefore, I suggest to buy the stock, it would be safer to buy the stock above 1807 for targets of 1825-1830, above which if sustained the stock has potential to move upwards till levels of 1850-1860. Maintain a strict closing basis stop loss below 1780.

Shown above is the weekly chart of

HSIL. As we can see the stock has given major breakouts in its weekly chart and is now consolidating above the breakout. Also, the stock is in a longer degree third wave. The positive crossover of the moving averages also adds to the strength of the stock. Therefore, I suggest to buy the stock for targets of 485-490 with a strict stop loss below 430. CMP:452.(POSITIONAL CALL)

STAY TUNED FOR MORE CALLS DURING THE MARKET.