Canara Bank, Hindalco and LT Harmonic Pattern Analysis

Canara Bank

Positional traders should look for close above 411 for short term target of 432.

Intraday Traders can use the below mentioned levels

Buy above 404 Tgt 407.6,411 and 416 SL 402

Sell below 401 Tgt 397,392 and 386 SL 403

 

LT

1741 is trend changer level for LT, Closing above it short term target 1800/1830. Unable to do so 1686/1652.

Intraday Traders can use the below mentioned levels

Buy above 1746 Tgt 1760,1781 and 1797 SL 1739

Sell below 1730 Tgt 1724,1709 and 1690 SL 1739

Hindalco

Positional traders should watch  for close above 141 for short term target of 144/147.

Intraday Traders can use the below mentioned levels

Buy above 140 Tgt 141.7,143.7 and 145.8 SL 139

Sell below 137.5 Tgt 135.5,133.5 and 131 SL 138.5

 

 

How to trade Intraday and Positional Stocks Analysis  — Click on this link

 

Performance sheet for Intraday and Positional is updated for March Month, Intraday Profit of 2.26 Lakh  and Positional Profit of 2.66 Lakh

http://tradingsystemperformance.blogspot.in/

http://stockpositionaltrading.blogspot.in/

 

• All prices relate to the NSE Spot/Cash Market
  
• Calls are based on the previous trading day’s price activity.
• Intraday 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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The post given here are My Personal views and for learning purpose, trading or investing in stocks is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. I will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.