Technical Calls:Adani,Jindal Steel and TCS

By | August 21, 2012

Your trades must be based on clearly defined rules. You have to analyze your feelings as you trade, to make sure that your decisions are intellectually sound. You have to structure your money management so that no string of losses can kick you out of the game.

Jindal Steel and Power

Jindal Steel is facing stiff resistance at confluence of its trendline and 50 SMA. Support comes at lower trendline,break of same will lead to a new 52 week low below 389

Sell below 398 Tgt 394,389 and 381

Buy above 406 Tgt 409,412,415 and 418

 

Adani Enterprises

Trading is downward slopping channel. Respected its resistance at 195 and came down heavily,In the process broke its 20 DMA also

Sell below 182 Tgt 179,177 and 174

Buy above 185 Tgt 186.2,188 and 190.3

 

TCS

Buy above 1287 Tgt 1296,1302 and 1307

Sell below 1275 Tgt 1266,1257 and 1251

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