SBI SBI is trading near its trendline resistance as shown above and formed a perfect DOJI candelstick near the top. Negative divergence is visible in RSI and Stoch. Bulls need to take caution. Buy above 2444 Tgt 2462,2487 and 2509 SL 2434 Sell below 2412 Tgt 2400,2388 and 2370 SL 2424 Tata Motors Tata… Read More »
IDFC IDFC has been trading a in a downtrend channel and has given a breakout above the channel and closed above its 200 DMA also with a bullish engulfing pattern. Stocks looks ripe to touch its next level of resistance@162 Buy above 159 Tgt 160.5,162.3 and 165 SL 158 Sell below 156 Tgt 154,152 and… Read More »
Tata Global Tata Global has formed a swing high at 153.4, stock has been falling from that level. Today’s fall it took support at falling trendline at 139. Holding the same bounceback can be expected else 130 odd levels are on cards. Buy above 142.5 Tgt 144.5,146 and 149 SL 141 Sell below 139.5 Tgt… Read More »
Axis Bank Axis bank has been trading in range of 1530-1445, from past 10 trading sessions. Break of the range below 1445 can see the stock correcting till 1370 odd levels. Buy above 1457 Tgt 1464,1474 and 1484 SL 1452 Sell below 1444 Tgt 1434,1425 and 1413 SL 1452 ITC ITC, which has the… Read More »
Century Textile Century has broken out of its resistance zone of and closed above its 50 SMA.Follow up action should be seen today and move towards next zone resistance of 327 Buy above 318.5 Tgt 321,324 and 327 SL 316.5 Sell below 312 Tgt 310,307 and 303 SL 314 Hero Moto Corp Hero Moto… Read More »
DLF DLF has been bouncing from Fibo Channel support from last 5 times.Above is 4 hour chart of DLF and 222-225 has provided support and lead to bounceback till 250 odd levels. Buy above 234 Tgt 237,240 and 244 SL 231.5 Sell below 230 Tgt 227.5,223.5 and 219 SL 232 Tata Motors Telco achieved… Read More »
April Series came to an end and Stock Calls given on site have made profit of 1.28 Lakhs. 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/.Will update May Series calls performance today evening. Maruti Maruti has been on magnificent run as… Read More »
HDIL HDIL after forming base formation gave a rise today backed by volumes, Stock took resistance at its 50 DMA and pulled back.Able to cross 59.5 tomorrow can see the pullback rally to continue else will fall back to 50 odd levels. Buy above 56.3 Tgt 57.6,59 and 60.2 SL 55.2 Sell below 55 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 »
Reliance Capital Reliance Capital share got a boost from ADAG deal with RIL, Stock has been trading in perfect down trending channel and after touching the lower boundary has moved to higher end of the channel, Will this news be game changer tommrow price action will confirm Buy above 338 Tgt 341.8,344.5 and 349 SL… Read More »