Technical Views:Jet Airways,Tata Steel and Sesa Goa

By | May 5, 2011 4:03 pm

Jet Airways

Our Site Reader Vimal asked me on TA for Jet Airways So discussing the same below


On Daily Charts Jet Airways looks to breach its downward trend line and in the process broke its 50 DMA@458.

If Jet breaks todays low @436 stock can move below 400 odd levels.

MACD has generated a SELL

RSI and STOCH are in sell zone

Sell below 434 Tgt 421 and 402

Buy above 453 Tgt 466,472 and 488


Sesa Goa

Sesa Goa forming a support around 296 and volumes are drying up which is giving an indication support will break and stock is headed lower.As soon as 296 breaks Stock could head to 50 SMA and move till short term support at 289

Sell below 296 Tgt 293 and 289


Tata Steel

Tata Steel keeps on getting support around 575 levels for short term in past many months.

Indicators and in Oversold zone and a pull back rally should materialise in next 1-2 trading sessions

Buy @575 Tgt 583,588 and 595

Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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