Stock Technical Analysis:Ranbaxy,Bajaj Auto and HUL

By | September 1, 2013 11:46 pm

Ranbaxy

RanbaxyRanbaxy is taking resistance at upper end of fibo fan Bullish only above 432 for tgt of 466 in short term,Close below 410 will be bearish giving short term target of 377.

Buy above 410 Tgt 418,426 and 432 SL 407

Sell below 404 Tgt 400,396 and 385 SL 407

 

 

Bajaj Auto

bajaj auto

Bajaj Auto is approaching the higher of trading channel.Any close above 1850 gives short term target of 1974.

Buy above 1850 Tgt 1888,1930 and 1974 SL 1837

Sell below 1826 Tgt 1804,1782 and 1760 SL 1837

 

Hindustan Unilever

HULHUL has been trading in range of 580-640 for quiet some time.Breakout will happen above 644 and give the positional target of 665 in short term.

Buy above 640 Tgt 644,650 and 660 SL 637

Sell below 627 Tgt 623,616 and 610 SL 631

Stock Performance Sheet for the Month of September is Updated @http://tradingsystemperformance.blogspot.in/  Net Profit for the month of Aug is 1.89 Lakh and Sep Month 8.1K

 

  • 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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