Trading Calls:Larsen,Axis Bank and Petronet

Larsen

Larsen has taken resistance at its Fibo channel and any break below 833 will see stock cracking to 798 odd levels. Bullish only above 846 for target of 898

Buy above 846 Tgt 855,867 and 879 SL 837

Sell below 833 Tgt 825,813 and 798 SL 837

 

 

Axis Bank

Axis bank has taken support at 1067 and resistance at its trend line, Explosive move is expected looking at the chart.

Buy above 1100 Tgt 1107,1114 and 1131 SL 1096

Sell below 1090 Tgt 1080,1073 and 1050 SL 1096

 

Petronet

Petronet is trading in its trend line support and resistance zone,

Buy above 126 Tgt 127.8,129.7 and 132 SL 125

Sell below 123 Tgt 121,119 and 117.5 SL 125

 

Stock Performance Sheet for the Month of September is Updated @http://tradingsystemperformance.blogspot.in/  Net Profit for the month of Sep is 1.82 Lakh and Oct Month 1.36 Lakh

Stock Performance Positional sheet for Sep Month is updated on http://positionalcallsperformance.blogspot.com/  Net Profit for Sep Month 2.35 Lakhs , Oct Month 1.56 Lakh

 

• All prices relate to the NSE Spot
• Calls are based on the previous trading day’s price activity.
• The call is valid for the next trading session only unless otherwise mentioned.
• Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.
• Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.