Stock Technical Analysis:DR REDDY,FT and JSPL

By | July 30, 2013 9:37 am



DRL stock on daily chart is trading near its Fibo Fan support and any close below 2205 will drag stock to 2100 and 1974 in short term. Able to close above 2207 stock can rocket back to 2351 odd levels.

Buy above 2240 Tgt 2254,2272 and 2294 SL 2221

Sell below 2184 Tgt 2150,2130 and 2100 SL 2200




FT is near its support range.

Buy above 586 Tgt 595,604 and 620 SL 572

Sell below 570 Tgt 555,540 and 513 SL 575




JSPL has been falling like 9 pins and near Fibo fan.

Buy above 206 Tgt 211,215 and 220 SL 204

Sell below 199 Tgt 196,190 and 185 SL 202

Stock Performance Sheet for the Month of June is Updated @  Net Profit for the month of Aug is 8K

  • All prices relate to the NSE Spot
  • Calls are based on the previous trading day’s price activity.
  • The call is valid for the next trading session only unless otherwise mentioned.
  • Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.
  • Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.

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