Technical Calls:Welspun Corp,BF Utility and PNB

By | June 6, 2012

Traders should always know when they plan to enter or exit a trade before they execute. By using stop losses effectively, a trader can minimize not only losses, but also the amount of times a trade is exited needlessly. Make your battle plan ahead of time so you’ll already know you’ve won the war.

Welspun Corp

 

Descending Triangle Formation with base as 115 and resistance at 125 So 10 points move is on cards.

Buy above 120.4 Tgt 121.9,123.4 and 124.8

Sell below 118.8 Tgt 117.5,116 and 115

Breakdown comes below 115 Tgt comes at 110,105

 

PNB

PNB is on the verge of breakout 764 levels

Buy above 767 Tgt 764,774  and 781

Sell below 747 Tgt 740,734 and 728

 

BF Utility

BF Utility rose yesterday backed with volume, Stock can continue its upmove today till the level of 405. 405 is an important resistance as its 200 DMA and we have seen in past many rallies got petered off

Buy above 396 Tgt 400 and 405

Unable to close above 405 Shorts can be taken with Sl at days high

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