Carborundum was give a very good breakout of major resistance and cup handle pattern which give a very bullish signals buy it . Today it close above 920 but tomorrow market open with gap down which give us opportunity soo buy it . Buy carborundum at 884-918 Target 962 1012 1034 Sl 808 650 for the longterm players Long term Target 1200 1500 1800
Strong buy only above 685 target will be 700 in upcoming days it will be fire
AT&T rewards shareholders with what is likely to be a great dividend even after the anticipated cut. Its Time Warner spinoff makes business sense and should help it reduce debt. We noticed the same blah market reaction after Ford Motor reported earnings a while back. Scaling into a $T position by writing puts could make sense here.
3 accumulation zones Bear side getting weaker WoW
WHEELS INDIA : Clear Indication of trend change with great Volume. Good upmove expected in coming weeks. Playing positional on this one.