Stock Picks for the week of 23rd May 2011 to 27th May 2011

Stock Picks for the week of 23rd May 2011 to 27th May 2011:

1)Raymond :
a.This stock has been trading in a range since Feb 2011 and its currently trading on the lower end of the range.
b.We can initiate a buy once it starts in the green and starts a bit higher above 351 for a target of 380.
c.Stop loss at 345.
d.%age gain: 8.5%.


2. Aditya Birla Nuvo:
a.This stock has broken out of the highlighted cup and handle formation.
b.We can initiate a buy if this stock starts in the green around 860 for a target of 900.
c.Stop loss at 855.
d.% age gain: 4.6%.


3.Divis Labs:
a.This stock has broken out of an inverted head and shoulder pattern.
b.We can initiate a buy if this stock starts and sustains in the green around 730 levels for a target of 750.
c.Stop loss at 725.
d.%gain: 2.73%.


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Thanks & Regards,
Priyanka Kothari,
Client Service Associate.