As indicated in the weekly chart below Jabil Circuit (JBL) rallied from 2009 to 2012, however this rally was extremely volatile & showed large pullbacks sometimes even breaching major pivots to just turn back again. Overall the stock did gain over 600% but it was really an investors nightmare to remain in the stock. Now after a year long consolidation, the stock again began to move up & made it out of it's top resistance range, but again has started to see large dips recently. The stock is an extremely volatile investment option & should only be held by investors that are open for large risks in their portfolio. But as risky stocks go it is a multi-bagger. The stock was headed for a very strong resistance at 22.5 & has since failed to remain over it. It quickly lost base over 22.5 which goes to say that the stock is not a good investment hold as of now especially if it breaches any other lower support levels. Support levels are seen at 21.4, 20 & 19.5. The support level at 21.4 if broken will take the stock to much lower levels & will make it even tougher for it to move back up again. Resistance is very strong at 22.5, moving over which is very critical & base formation patterns above this price level are necessary for the future of any rally in the stock. There is also another minor resistance at 23.5. As of now the stock does not look like a good hold for investors unless it can make it above 22.5 & stay above it. The stock also in general is very volatile & risky in nature so best avoidable for the risk averse. | |
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ITC is looking like it's coming into a minor consolidation area, but the stock looks very bullish & it looks like after the consolidation is exhausted the stock will move up much further to continue making new life time highs. In my new video below I discuss the stocks future potential & it's key supports and resistances. Supports - 320, 311 Resistances - 400, 450, 470 You can visit our YouTube channel here - www.youtube.com/user/bluemetalmoney Today's ITC Video - English Video - http://www.youtube.com/watch?v=gwSS5U41s5w Today's ITC Video - Hindi Video - http://www.youtube.com/watch?v=5XHSDmqnVK4
I'm looking at JDS Uniphase (JDSU) listed in NASDAQ today. The stock signaled a bearing move in February 2013 and has since been in a downward trend. Recently the stock moved up a little, but this has not yet signaled anything new in the stock. Do watch the video below to know more in detail. I've discussed the support and resistance levels in the video and they're also below for reference. Supports - 15.27 Resistances - 14.44 & 13.66 You can visit our YouTube channel here - www.youtube.com/user/bluemetalmoney Today's JDS Uniphase (JDSU) Video - http://www.youtube.com/watch?v=2B9nt2FRjgg Here's my opinion on Silver in US Dollars looking at Silver Continuous on COMEX & also in Indian Rupees looking at Silver 1KG 1 Month contract on MCX. I'm also looking at these two example to illustrate how correlation does not work for trading or investment. Included below are the charts, and also the details of support and resistances as seen on both the Silver contracts. Also do watch the videos below, in both English & Hindi for a more in-depth look at Silver.
Swaraj Engines is a re-entry opportunity for investors who missed out on the first entry price. The re-entry opportunity comes at a very minimal opportunity cost because of a small stop loss. Stop Loss - 482 Target - 580, 650 & the possibility of new life-time highs. Watch the video for a more detailed analysis of stop-loss, targets and support areas.
Today's Picks Video in English & Hindi We have some mid-term stock picks for the coming week. The video's can be viewed in English & Hindi, the details are also in English text below for reference. Please note that these are trading calls of buy & hold calls for the long term. We expect the stocks to give returns of somewhere in between 10-30%.
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