Technical Call: Rel Cap,Sun Pharma and Hero Honda

By | April 3, 2013 10:13 am

Reliance Capital

Rel CapitalReliance Capital share got a boost from ADAG deal with RIL, Stock has been trading in perfect down trending channel and after touching the lower boundary has moved to higher end of the channel, Will this news be game changer tommrow price action will confirm

Buy above 338 Tgt 341.8,344.5 and 349 SL 335.4

Sell below 332 Tgt 330,328.4 and 323 SL 335


Sun Pharma

Sun Pharma

Sun Pharma formed a bullish engulfing pattern yesterday,breaking out of the consolidation range it has been trading from past 2 weeks. Stock has taken resistance at rising trendline and move above that will only add more pwer to bulls else stock can correct today.

Buy above 854 Tgt 859,863 and 866 SL 851

Sell below 848 Tgt 844.6,839 and 833 SL 852

Hero Honda

Hero Honda

Hero Honda has been falling like a pack of cards in its downward channel as shown in above chart.Stock has formed a DOJI candle near the lower end of channel, giving hints stock can form a short term bottom and give a pullback.

Buy above 1533 Tgt 1540,1549 and 1560 SL 1528

For the reference of readers i have made the performance sheet for the Month of March Expiry, can be accessed from .

  • Calculation are based on trading with 1 lot of Stock Futures
  • Rs 100 is deducted as Brokerage and Taxes

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