Breakout Trades:Kotak Bank,Andhra Bank and BF Utility

By | September 13, 2010

KOTAK BANK

Kotak Bank after stock split has shown a breakout on daily charts.As this rally in nifty is led by Banks Kotak technically looks ripe for another run for 5%

MACD is showing a positive divergence and RSI is also indicating Buy levels.

Buy above 460 Tgt 464,474 and 489

Short below 440 Tgt 425 and 415

ANDHRA BANK

Andhra Bank is in strong uptrend as all other banks are but today it is near its Breakout Levels of Rs 167

MACD is showing positive divergence and RSI is giving Buy signals

Buy above 167 Tgt 169,172 and 177

Short Below 162 Tgt 156 and 153

BF Utility

BF Utility the roaring tiger few days back should start roaring and its bull phase again as per my technicals.

BF utility taking support at 5 EMA,RSI is near its support area Stoc will be showing positive divergence.

Buy only above 1072 Tgt 1089 and 1105

3 thoughts on “Breakout Trades:Kotak Bank,Andhra Bank and BF Utility

  1. jitin

    Dear Bramesh ,
    plz tell me any website or software that gives according to you good intraday trading signals nifty and stocks , be it free or paid . tx in adv.

  2. gauresh

    http://www.4shared.com/document/EnioKhMZ/MySAR_A__Future_for_14th_Sept_.html

    Script to watch today : Bhartiatl, HCLTech, HeroHonda, Ranbaxy, Rcom, Reliance, RELInfra, RelCap, TataMotors, TataPower, TCS, Wipro. Biocon,

    Specially for Intraday traders :

    It should be noted that this trading system with MySAR_A levels is in fact meant for positional trading. But by watching MySAR_A levels carefully, one can enjoy the benefits of intraday volatality. One is required to enter into trade only and only at the breach of MySAR_A level and should never enter into trade if the script has ran up or down too much. Means one has not to pick the running running train…….he has to wait for the opportunity of breach of MySAR_A level. Sooner or later opportunity will arise for trading. Patience pays……..Trade only when market gives you opportunity of trade as per the rules laid down in the system.

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