Tuesday, April 26, 2011

Three Indian stocks

Since the inception of this blog, the third highest number of visitors has been from India. No prizes for guessing the top two countries - US and Canada. So, for all the India viewers, here are three stocks that I like from the Indian markets.
Orchid Chemicals - This is still in process of forming a base. Like it on a close over 320.

Arvind mills - Love the volume pattern on this one. A very orderly chart pattern with high volume breakouts followed by a period of consolidation. Stop below Friday's lows for short term traders.

Apollo Tyres - Finally broke out of the trading range last week. 70 should provide strong support.
As always be sure to check when these stocks are reporting before getting into them.

Take care and good luck!

No comments: