IDFC IDFC has been trading in small range of 140-156 from past 10 trading sessions, Stock has reached the upper end of trading range and pullback should be expected. Sell below 152.5 Tgt 151.1,149.4 and 146 SL 154 Buy above 156 Tgt 157.4,158.8 and 160 SL 154 Tata Motors Tata Motors bounced from the lower… Read More »
Relaince RIL will be declaring its results today post market hours. Stock made high of 955 when last quarter results were declared and kept falling down from that day till 760. Stock is stuck in its trading range of 805-765. Trader should short at higher end and long at lower end with strict sl. Buy… Read More »
SBI SBI has taken resistance at falling trendline and was unable to cross the supply zone of 2094-2097. Buy above 2097 Tgt 2112,2130 and 2143 SL 2081 Sell below 2065 Tgt 2050,2035 and 2020 SL 2081 Reliance RIL is coming with its results tomorrow evening,Stock again bounce back from its demand zone of 765-760… Read More »
Infosys Infosys will be declaring its results tommrow. Stock has broken its 2 months trading range of 170 points. Unable to move and close above 2856 will keep stock under pressure. Buy above 2837 Tgt 2856,2873 and 2888 SL 2827 Sell below 2803 Tgt 2785,2767 and 2745 SL 2815 Tata Steel Tata Steel is forming… Read More »
Reliance Reliance Industries has taken support its demand area of 760 range and as shown a pullback on Fridays session. Stock is forming a big descending triangle with trigger point closing below 760,On Upside 782 leads to breakout with minimum target of 800. Buy above 782.5 Tgt 786,791 and 800 SL 780 Sell below 776… Read More »
Tata Motors Tata Motors has been under bear pressure as soon it broke 280, stock has been trading below its 200 DMA for 3 days now, Stock has taken support at previous gap of 254 .254-55 range has been demand zone for telco stock has pulled back sharply from this zone. Buy above 259 Tgt… Read More »
For the reference of readers the performance sheet for the Month of April/March Expiry has been updated, can be accessed from http://tradingsystemperformance.blogspot.in/ . Calculation are based on trading with 1 lot of Stock Futures Rs 100 is deducted as Brokerage and Taxes M&M M&M share is near crucial support of 200 DMA @841. Stock has… Read More »
For the reference of readers i have made the performance sheet for the Month of March Expiry, can be accessed from http://tradingsystemperformance.blogspot.in/ . Calculation are based on trading with 1 lot of Stock Futures Rs 100 is deducted as Brokerage and Taxes DLF DLF share we analyzed on 25 March stating bottom should be made… Read More »
Reliance Reliance share has broken its medium term trendline and stock gave waterfall decline 823 to 764 in 3 trading sessions. Stock has come near its demand zone of 764 and bounced back sharply in last trading session.Stock is also trading below its 200 DMA which gives bearish indication for short term. Sell below 771… Read More »
Tata Motors Tata Motors after making the swing high of 311 has been falling like 9 pins with rest of the market. Stock broke it all important support of 280 and is now near its important support of 200 DMA, which stock has been defending from past 3 trading sessions.Holding the same pullback can be… Read More »