Pattern Trading:Maruti,PFC and Bata

By | February 7, 2013 7:48 am



Maruti has been trading in an uptrending channel and has approached the higher end of channel at 1640, Stock can see a pullback if unable to do a channel Breakout.

Sell below 1624 Tgt 1613,1600 and 1595 SL 1628

Buy above 1630 Tgt 1639,1650 and 1655 SL 1625.3




Bata is forming a descending channel with multiple support at 756-753, Descending triangle are continuation pattern and break below 750 decline will continue in Bata

Sell below 751 Tgt 743,734 and 726 SL 760.8

Buy above 762 TGt 768,777 and 784 SL 757




PFC gave a breakout above 214, made a high of 224 and now is approaching crucial channel top at 226, Unable to cross the same again pullback can be seen in PFC

Buy above 222 Tgt 225 and 227 SL 219.5

Sell below 219 Tgt 215,213 and 209 Sl 221.8


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2 thoughts on “Pattern Trading:Maruti,PFC and Bata

    1. Bramesh Post author

      Thanks sir,

      A system having High Risk to Reward ratio will have high success rate also



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