Technical Calls:Jubilant Food,ITC and Axis Bank

By | January 19, 2012 9:33 am



Axis bank took support at its 930 which is 50 SMA and bottom of the channel. Volumes were low on a down day.

Now there are 2 distinct possibility

1. Break 50 SMA and correction till 20 SMA

2. Bounce from channel low and move towards 100 SMA

Buy above 954 Tgt 969 and 980

Sell below 930 TGt 919 and 905


ITC Limited


Trading in a channel with trendline resistance at 210

Sell below 209 tgt 207.6,205.4 and 204

Buy above 211.3 Tgt 212.8 and 215


Jubilant Food

Took support at 200 DMA.

Buy above 825 Tgt 840,855 and 870

Sell below 815 Tgt 800,775

4 thoughts on “Technical Calls:Jubilant Food,ITC and Axis Bank

  1. S Mahesh

    Dear sir,

    thank you for calls. Please give SL point also while giving levels( in brackets)


    1. Bramesh Post author

      Dear Sir,

      SL is the capital you can risk in a signle trade. Its between .5-1% for an intraday players. So risk is always well defined so i never give sl.

      You need to define your risk and take a trade.



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