Swing Trading Stock:ICICI Bank,Tata Global and Ranbaxy

By | January 3, 2013

When a trade goes against us, it is tempting to find some external source to blame. Identifying a scapegoat may make us feel better in the short term, but we lose the benefit of examining our own decisions and looking for flaws in our thought process.

One analogy is plane crashes. Whenever there is a crash, an investigation identifies exactly what went wrong and, more importantly, how to correct it in the future. All of today’s advances in air travel safety have come from studying the plane crashes of the past.

ICICI Bank

ICICI Bank

ICICI Bank has formed a rising wedge pattern which is bearish pattern if high of 1180 is not crossed.

Buy above 1180 Tgt 1195,1191 and 1200

Sell below 1172 Tgt 1167,1160 and 1155

 

Ranbaxy

Ranbaxy

As per our last discussion Ranbaxy is near an important trendline support and bounce back came yesterday which took it to 520. Now once 520 is taken off 527 and 550 will be targets in short term

Buy above 520 Tgt 523,526 and 533

Sell below 515 Tgt 511,504 and 500

 

Tata Global

Tata Global

Tata Global is on the verge of triangle breakout above 168.

Buy above 167.4 Tgt 168.8,171 and 174

Sell below 165 Tgt 163,159 and 156

4 thoughts on “Swing Trading Stock:ICICI Bank,Tata Global and Ranbaxy

  1. Bramesh Post author

    Ranbaxy opened at first target so trade should be ignored..

    Risky Traders can initiate longs at Buy level if and when it comes but after 2 PM do not take any fresh trade

    Rgds,
    Bramesh

  2. damu

    DEAR BRAMESH RANBAXY IS OPENED AT522.90 BUT FALLING DOWN IS BUYING INITIATED AS PER YOUR LEVEL. THANKS

  3. Bramesh Post author

    My Pleasure.. Wishing you a Happy new year

    Rgds,
    Bramesh

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