Stock Swing Trade:KTK Bank,ONGC and Jsw Steel

By | January 18, 2013

KTK Bank

KTK

KTK has been consolidating 170-186 after steep rise. Stock has trendline resistance at 176-178.

Buy above 178 Tgt 181,183 and 186

Sell below 172.5 Tgt 170,168 and 166

 

JSW Steel

JSW Steel

JSW Steel has been trading in a proper channel and is now on upper end of channel.Unable to cross 865-866 range stock will give a pullback back to 825.

Sell below 852 Tgt 840,832 and 825

 

ONGC

ONGC

ONGC has been on a ride after diesel price deregulation. Stock made a high today of 354. Range of 361-366 has been the resistance in past and this time also expect a pullback in ONGC. Long term investor can book profit in the range of 355-361

Sell below 345 Tgt 341,336 and 332

Buy above 350 Tgt 355,361 and 366

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