SBI,Yes Bank and Crompton Greaves Technical study

SBIN

SBI has been forming multiple bottom near 1597 and upper trading range is getting reduced,signalling explosive move round the corner.

Buy above 1665 Tgt 1675,1690 and 1710 SL 1660

Sell below 1649 Tgt 1636,1610 and 1597 SL 1660

 

Crompton Greaves

Crompton Greaves has formed a bullish engulfing pattern and is trading near the upper end of falling trendline.Any close above 92 stock is heading to 95 and 97 in short term.

Buy above 92 Tgt 92.9,94.5 and 97 SL 91.2

Sell below 90 Tgt 89,87 and 85 SL 91.2

 

Yes Bank

Yes bank is trading near the fibo fan and closing above 313 stock is heading to 343 in short term.

Buy above 313 Tgt 317,322 and 325 SL 311

Sell below 306 Tgt 301,296 and 288 SL 308

 

Stock Performance Sheet for the Month of September is Updated @http://tradingsystemperformance.blogspot.in/  Net Profit for the month of Sep is 1.82 Lakh and Oct Month 39.8 K

Stock Performance Positional sheet for Sep Month is updated on http://positionalcallsperformance.blogspot.com/  Net Profit for Sep Month 2.35 Lakhs

 

• 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.