SHORT-TERM TRADING TIPS: BUY: Kalpataru Power (Rs 126.9)

Investors with short-term perspective can consider buying the stock of Kalpataru Power Transmission. It is seen from the charts of the stock that after peaking out at Rs 250 in January 2010, it has been on an intermediate-term downtrend. The stock's short-term downtrend that was in place from its January 2011 peak of Rs 174 came to an halt finding support at its longer-term support level of Rs 110 in mid of March. The stock, however, changed its direction triggered by positive divergence in daily relative strength index and moving average convergence divergence.

On March 24, the stock penetrated its short-term down trend-line and 21-day moving average by jumping four per cent with good volume. Reinforcing the stock's bullish momentum, it increased four per cent on Tuesday. The 14-day RSI is on the verge of entering in to the bullish zone and weekly RSI is on the brink of entering the neutral region from the bearish zone. The daily MACD is steadily inching higher towards the positive territory. Daily price rate of change indicator is featuring in the positive zone indicating buying interest.

We are bullish on the stock from a short-term perspective. We expect it to move higher until it reaches our price target of Rs 131 or Rs 135 in the upcoming trading sessions. Short-term traders can buy the stock with stop-loss at Rs 123 levels.
SOURCE: BUSINESSLINE

FOR MORE STOCK RECOMMENDATIONS AND TIPS VISIT www.twitter.com/sensexnse

SHORT-TERM TRADING TIPS 4 ALL - BUY Unichem Laboratories(Rs 195.60)

We recommend a buy in the stock of Unichem Laboratories from a short-term perspective. It is apparent from the charts of the stock that following a medium-term downtrend, the stock took support from its intermediate-term support level of Rs 170 in early March and bounced up. This move was also triggered by positive divergence shown in daily relative strength index as well as moving average convergence divergence indicator.

On Monday, the stock jumped 7.4 per cent with an upward gap and good volumes, breaching its 50-day moving average. Moreover, the stock's long-term uptrend that commenced in early 2009 low of Rs 52 is in tact and the stock appears to have resumed this trend. The daily RSI has entered into the bullish zone from the neutral region and weekly RSI is inching higher in the neutral region.

Daily rate of change indicator is featuring in the positive territory signalling buying interest. We are bullish on the stock from a short-term horizon. We anticipate its current rally to prolong until it hits our price target of Rs 201 or Rs 207 in the ensuing trading sessions. Traders with short-term perspective can consider buying the stock with stop-loss at Rs 190.

FOR MORE STOCK TIPS VISIT http://stockindia.slinkset.com/recent