Technical Analysis:HUL,SBI and Tata Motors

By | February 28, 2012

Not having a plan. Get a plan, who cares if it is bad, start with something. You can build off of it and refine it. You have to be willing to spend the time to make the plan yours. You do not start anything without some level of planning. Trading is hard; your brain spends a lot of time in fast forward, affecting your memory. You can slow it down by having a plan and increase your brains ability to remember. A plan makes it possible to improve. Most importantly, a plan gives you a chance at removing emotion.

Forgetting why you are trading. The purpose of trading is to make money. Every action should bend to that goal. That does not mean every trade makes money. It means every trade gets to closer. If you are looking for comfort, get a teddy bear. If you are looking to be right, play trivial pursuit. If you want excitement, drive fast.

Letting it go. It is really important to separate what happened from how you felt. The more distance between the two the less time it takes to learn from that situation. Admitting you made a mistake or are wrong are necessary for letting it go. Unlike life, you get no credit for admitting you are wrong, it is just a part of trading. Neither matter unless you take action.

Hindustan Unilever

Trendline Support at 376-77 range.

Buy above 378 Tgt 382,388 and 396

Sell below 374 Tgt 369,365 and 361

 

 

SBI

SBI has corrected from highs of 2475 till 2110.SBI is standing at crucial support of 2100. Breaking below this can lead the stock back to 1900 odd levels.

Sell below 2110 Tgt 2082,2042 and 1973

Buy above 2151 Tgt 2191,2222 and 2191

 

Tata Motors

Trading in a down channel with lower lows formation.

Buy above 261.2 Tgt 263.3,266 and 271

Sell below 259.4 Tgt 254.2,48 and 241

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