Stock Trading Ideas:Jain Irrigation,DLF and Rel Infra

By | December 5, 2012

“The market must…”, “I must make money”, or “I must trade”. The market does not have to do anything and neither do you. When you use the word “must” it is hardly ever from a position of strength. The market knows when you are desperate and will take full advantage of you. Keeping your expenses as low as possible will make it easier to not make those statements.

Jain Irrigation

Jain Irrigation is near its important resistance of 100 DMA @72.7 and also trendline resistance. Stock can see a pullback as negative divergence has started showing up.Stock has formed doji candle.

Sell below 71.8 Tgt 71,70.5 and 69.3

 

Reliance Infra

Rel Infra we covered when stock was trading at 450 and its now trading at 500. Stock is near its resistance line and pullback can be seen after 5 days of straight upmove.

Sell below 494 Tgt 490,485 and 481

Buy above 500 Tgt 503,508 and 514

 

DLF

DLF is near its trendline resistance of 215, unable to cross the same the negative divergence will starting to show its effect with price correction.

Sell below 212 Tgt 210.9,207.3 and 206.1

Buy above 215 Tgt 218,220 and 222

 

Sell below

 

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