Technical Intraday Swing Calls:Axis Bank,JSPL and PTC

By | December 14, 2012

Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.

PTC

PTC

PTC is showing very bullish sign as it took support at 71.5 which is support of rising trend line. Stock has resistance at 74.8 crossing the same 78-80 is on cards in short term.

Buy above 72.8 Tgt 74,74.8 and 76

 

 

 

Axis Bank

Axis bank

Axis Bank has formed 4 Doji Candlestick and range contraction has happened which signify a big move is coming.

Buy above 1329 Tgt 1346,1360 and 1370

Sell below 1309 Tgt 1297,1280 and 1270

 

 

Jindal Steel and Power

JSPL

JSPL is also at its trendline support with indicators reaching overbought levels,support of trendline comes at 410.

Buy above 424.6 Tgt 428,435 and 443

Sell below 410 Tgt 407,403 and 399

 

Levels mentioned are Spot levels and Keep sl of 0.5-1% on all trades taken

One thought on “Technical Intraday Swing Calls:Axis Bank,JSPL and PTC

  1. Yashodhan Latkar

    Thank you very much for Axis bank. Made a cool 20 Rs in futures after a long time.
    Thanks again.

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