“Two of the cardinal sins of trading—giving losses too much rope and taking profits prematurely—are both attempts to make current positions more likely to succeed, to the severe detriment of long-term performance.” -William Eckhardt
PFC has been trading in a range from 202-213 from past 4 weeks. Stock is trading at upper band of channel and crossing above 213 can lead 220 in extreme short term which is again a channel resistance.
Buy above 213.6 Tgt 214.7,217.6 and 220 SL 211.9
Sell below 210.5 Tgt 208,206.4 and 203.5 SL 211.8
Mastek is trading in 133-155. Stock made a high of 155 yesterday same level where it broke down after Q2 earnings.
Buy above 153 Tgt 155,156.4 and 159 SL 151
Sell below 148 Tgt 146,144 and 141 Sl 150
BHEL which gave a short call around 230 did our tgt of 222 and bounced back, All major moving averages are converging and 2 Doji formation near bottom with bullish engulfing pattern yesterday are giving hints of short term bottom in place.
Buy above 233.6 Tgt 234.9,237 and 242 SL 232
Sell below 230.5 Tgt 228,226 and 223 SL 232