Wednesday 27 April 2011

TECHNICAL OUTLOOK

ORCHARD PARADE HOLDING LTD.


SCRIP NAME
ACTION
HOLDING PERIOD
RECOMMENDED PRICE
TARGETS
STOPLOSS
Orchard Parade
Holding Ltd.
Long
5-6 days
1.58
1.62-1.66-1.70
1.54



  • Orchard Parade Holding Ltd. looks good on weekly as well as daily graph, it is traded above its major Resistance of 1.55 level which is its 100 day MA also.
  • Orchard Parade Holding Ltd. Crossed its Resistance level of 1.55 and above its 100 day MA level so its looks bullish on charts and seems to go more upside so one can take long position above 1.58 level in it.
  • Orchard Parade Holding Ltd. having Resistance level @ 1.60-1.64 and 1.70 after our call i made a high of 1.60 which is its immediate Resistance level and if it will crossed than it can go for 1.64-1.70 and above this till 1.75-1.80 soon.
  • Orchard Parade Holding Ltd. having Support @ its previous resistance now Support of 1.55 levels and if it will cross this level than it can go for 1.50 too.




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