L&T for medium term..

HAPPY DEEPAVALI...
L&T's recent range has narrowed down to 1620 - 1710 and it is a likely candidate for a break out.
Keep track on Tata tea too..It is still within the consolidation mode..

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Tata Tea - a short term view.

Tata tea is consolidating in a broad band of 600 to 1000 in the weekly scale for nearly 4 years..
In the very short term, it has been correcting for the past 31 trading days from 1017 to 865 and it is resting on a support @ 865 and the 5 days band has narrowed down to 865 - 895.
Break below 865, the support comes @ 835-840 and break above 895, it may head higher to 925,965 ++.

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Bajaj Hindustan

Looks to have completed its corrections and resting on its support line. Maharastra elections over(Sugar Belt) and festival season ahead, dollar weakness continuing....

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ITC for Medium term

Prices have consolidated for over two years and looks ready for a sustained upmove. If it is not able to move up decisively past 260, it might start to consolidate in a sideways mode. Hold.

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