Technical Calls:Biocon,PFC and Bharti Airtel

By | October 3, 2012

Using money you can’t afford to lose – Usually, a trader is pinning his/her last hopes to make money. Traders fear “losing” the “last best opportunity”. Self-discipline is quickly forgotten but the power of greed drives them, usually over a cliff. Here, the rewards are given more attention and overall personal financial risk is ignored.

Biocon

Bicon trading in a perfect channel and at the top end of channel, breakout will happen on a close above 286.

Buy above 286 Tgt 287.5,288.5,290.7 and 296.4

Sell below 281 Tgt 278.6,276 and 272

 

Bharti Airtel

Bharti it at its crucial support of 262, with 2 Doji and Inside day candelstick, so big move can be expected either today or tomorrow looking at daily chart

 

Buy above 268 Tgt 270,272.5 and 275.5

Sell below 262 Tgt 260,257.5 and 253.6

 

PFC

PFC has been on a downward journey from past and took support at 185.5 which is 61.8% retracement of whole upmove.Closing below it can take it to 179-175 odd levels

Buy above 188 Tgt 189.7,192 and 195.4

Sell below 186.3 Tgt 185.2,182.8 and 180

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