Technical Set up:SCI,REC and JP Associate

By | July 13, 2012 9:24 am

Ship Corporation of India(SCI)


SCI has closed above a crucial level of 59.8 and now facing the final hurdle at trendline resistance at 61.5 and 200 DMA@62. Todays rise was backed with volumes and any close above 62 can see quick move till 65

Buy above 60.5 Tgt 61.5,62 and 62.5



REC is showing range bound trade in the range of 193-202. Sell around 201-202 and buy around 193. Trade has been working fine and keep doing the same with a sl of 1 point till the trades gets stopped out.

Buy above 194.75 Tgt 196.3,198.5 and 200

Sell below 192.5 Tgt 190.9,188.7 and 184


JP Associate

JP Associate has been doing all right things,Base formation at 60 odd levels than a porper move in channel with formation of higher highs.

Today took support at channel bottom at 74.8 and bounced back. Crucial resistance is at 78.6-79 range breakout of same will lead to an upmove in channel top.

Buy above 79 Tgt 79.9,81.4 and 82.2

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