BALA SPONGE

BALA SPONGE MADE A BIG PENNANT AND HAS BROKEN OUT RESISTANCE NEAR 60 LEVELS ABOVE WHICH IT WILL SPURT TO 66-68. 56+ IS STRONG SUPPORT TRADE ACCODINGLY.
CHEERS
RISH

TV 18

TV 18 is moving in a slanting channel from quite some time without touching the support trendline while it tried to touch resistive trendline thrice, that shows the power of buying in this stock off late the stock is making a flag pole kind of pattern ie pole made with good volumes and the flag being made on quite low volumes compared to pole this will be a bullish flag pole as its seen in an upmove so after the completion of this pattern we can see the price to touch around 720.
TRADE SPECIFICATION
LONG ABOVE:-655
SL:-644
FOR INVESTORS SL CAN BE 605
cheers
rish
PS:-CHECK THE MARKET TREND BEFORE GETTING INTO THE TRADE

INVASION OF STOCK HACKERS

Arriving home from a five-week trip to Belgium and India on Aug. 14, a jet-lagged Korukonda L. Murty picked up his mail – and got the shock of his life. Two monthly statements from online brokerage E*Trade Financial Corp. showed that securities worth $174,000 – the bulk of his and his wife's savings – had vanished. During July 13-26, stocks and mutual funds had been sold, and the proceeds wired out of his account in six transactions of nearly $30,000 apiece. Murty, a 64-year-old nuclear engineering professor at North Carolina State University, could only think it was a mistake. He hadn't sold any stock in months.
read more about it here......

BOMBAY DYEING

BOMBAY DYEING after having done with its recent spurt has calmed down a bit,Ironically chart looks like making a head and shoulder left shoulder done, head done ,right shoulder rise done,right shoulder fall happening now we hv three chances either it bounces from current level or bounces from redline else plops ones crosses redline.So to safe gaurd your long positions keep a stop loss on red line that is around 625-30 range.
cheers
rish