Technical Set up:Delta Corp,SCI and Ashok Leyland

By | July 18, 2012

Commit to high value actions regardless of how you feel. This means being willing to accept unwanted thoughts and feelings because trading well is more important than feeling good. Maintaining an external focus and initiating positive trading actions may not be easy when feeling down, but it’s certainly not impossible. Like all skills, it takes practice.

Ship Corp of India

SCI has today made a low of 57.05 which is a strong support, the stock has been declining from past 3 days and volumes are getting reduced on every falling day signalling delivery based selling is not happening.

Hourly charts are oversold and signalling a sharp bounce back if 57 is not broken in 1 hour of trading

Buy above 57.8 Tgt 58.6,59.1 and 60

 

Ashok Leyland

Ashok Leyland has been declining from past 5 trading session and a pullback with trendline seems a logical move.Volumes were higher today suggesting longs were created near the trendline support

Buy above 24.1 TGt 24.3,24.7 and 25

 

Delta Corp

 

Delta Corp is another stock which is facing trendline support

Buy above 62.5 Tgt 63.3,63.7,64.4 and 65.2

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