Stock Swing Trade:Cipla,Godrej and Larsen

By | January 8, 2013

CIPLA

CIPLA

Cipla has been trading in a small range of 413-429. Buy Support Sell resistance should be the strategy.

Buy above 425 Tgt 427,429

Sell below 423 Tgt 421,418 and 415

 

Godrej Industries

Godrej

Descending Triangle formation with resistance at 330, Unable to break the same pullback will be seen.

Buy above 332 Tgt 336,341 and 345

Sell below 326 Tgt 323,320 and 316

 

Larsen

LT

LT fell from convergence of 20 and 50 DMA with bearish engulfing pattern. Support in range of 1585-1570. Unable to hold the range more pain on downside.

Sell below 1585 Tgt 1572,1554 and 1523

Buy above 1603 Tgt 1619,1633 and 1650

Level mentioned are SPOT

One thought on “Stock Swing Trade:Cipla,Godrej and Larsen

  1. sharath

    Dear Bramesh,

    Could you please highlight some rules on trading in Indian market ? Is it good to trade in the first 15 minutes ? or last 15 minutes of the day ?

    Also, some guidelines on when retailers should execute your call in the day ? (eg: what if stock opens above the buy price indicated or below certain price ).

    thanks

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