Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.
PTC is showing very bullish sign as it took support at 71.5 which is support of rising trend line. Stock has resistance at 74.8 crossing the same 78-80 is on cards in short term.
Buy above 72.8 Tgt 74,74.8 and 76
Axis Bank has formed 4 Doji Candlestick and range contraction has happened which signify a big move is coming.
Buy above 1329 Tgt 1346,1360 and 1370
Sell below 1309 Tgt 1297,1280 and 1270
Jindal Steel and Power
JSPL is also at its trendline support with indicators reaching overbought levels,support of trendline comes at 410.
Buy above 424.6 Tgt 428,435 and 443
Sell below 410 Tgt 407,403 and 399
Levels mentioned are Spot levels and Keep sl of 0.5-1% on all trades taken
Thank you very much for Axis bank. Made a cool 20 Rs in futures after a long time.