Short Term Trade:IDFC,Dish TV and HPCL

By | December 30, 2012

Failure/losing in trading is not the same as failure in other contexts.  What is working right now is always changing. What happens to many traders is that they waste money until their system is working again or they run out of money before it happens.  I believe in having a process so you can adapt to that change.  When you find something that works continue to do it till it does not work.  A 100x easier said than done.

IDFC

IDFC

IDFC is one of the top gainer in Nifty giving almost 80% return in a year. Stock has been consolidating in narrow range 170-175. Friday IDFC formed an Inside day candlestick so expect some good move tommrow.

Buy above 173 Tgt 174,175.3 and 176.8

Sell below 171 Tgt 169.9 and 168.7

Dish TV

Dish TV

Dish TV has been consistently taking support at 100 DMA from last 3 time. Will it be 4 time lucky ?

Buy above 76.6 Tgt 77.3 and 78.3

 

HPCL

HPCLHPCL formed a big bullish engulfing pattern moving above it all short term moving averages.Stock once it breaks 295 short term target comes at 320 odd levels.

Buy above 298 Tgt 300,302 and 306

Sell below 289 Tgt 285,282 and 279

 

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