Intraday Calls:Sun Pharama, PFC and TATA Steel

By | October 5, 2012

Afraid of “pulling the trigger” – This usually means that the trader does not have a system or approach already in place. They have not calculated risk/reward and many times, these trades are unplanned. This also comes after a string of losses. They don’t want to be “wrong again”. There is no trust from within and an obviously lack of confidence.

Tata Steel

Ascending triangle formation with multiple tops at 415 levels and 200 DMA hanging at 421.

Buy above 412 Tgt 415,419 and 424

Above 424 Gap filling will occur till 431

Sell below 408 Tgt 405,401 and 398

 

Sun Pharma

Facing trend line resistance at 705

Sell below 700 Tgt 693,688 and 682

 

PFC

 

Sell below 196 Tgt 192,189 and 186

2 thoughts on “Intraday Calls:Sun Pharama, PFC and TATA Steel

  1. Bramesh Post author

    These calls are from intraday to swing trading perceptive..Mostly tgts are achieved in intraday or 1-2 days period..

    Rgds,
    Bramesh

  2. Sharath

    Dear Sir,

    Are your recommendation prices here are on “Closing price” basis ?
    Can this price be used to trade in Futures on an expiry basis ?

    thanks,

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