Intraday and Swing Trades:Tata Motors and Canara Bank

By | December 21, 2012

Trading is one business that can give you highs and lows pretty quickly. It is in these highs and lows, traders make stupid mistakes like getting overcautious in lows and throwing all caution to winds in highs. A trader should never get carried away or bogged down by success and failure. Remember, trading is a journey and one bad mistake can wipe you out of business. Hence, as a rule, one should never get carried away; and focus should be on trading capital all the time.

Sometimes, it is better to miss an opportunity than lose capital. The focus is to make money while preserving capital.

Tata Motors

Tata Motors

Tata Motors is entering the supply zone of 309-312 after giving a breakout above 284.

Buy above 306 Tgt 309,312 and 315

Sell below 301.5 Tgt 299,297 and 295

 

Canara Bank

Canara Bank

Canara Bank is facing resistance at 491.Unable to break the same stock could touch its lower rising trendline at 466.

Buy above 492 Tgt 495,500 and 504

Sell below 482 Tgt 476,472 and 468

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