Intraday Swing Trading Calls: ICICI Bank,JP Associate and Hindalco

By | February 4, 2013

ICICI Bank

ICICI Bank

ICICI Bank we had discussed few days before pulled back from the resistance of 1232 and is back to 1167 which is a trendline support.Holding the low of 1167 bounce back can be expected.

 

Buy above 1180 Tgt 1192,1203 and 1216 SL 1167

Sell below 1165 Tgt 1158,1145 and 1122 SL 1172

 

Hindalco

Hindalco

Hindalco has been in declining mode from highs of 135 to 113 odd levels. Hindalco has taken multiple support at 113 odd levels and resistance at 118 which is 200 DMA also.

Buy above 114.6 Tgt 116,117.8 and 118.5 SL 113

Sell below 112.6 Tgt 111.7,110 and 107.5 SL 113.3

 

JP Associate

JP AssociateJP Associate has been falling from 104 levels and forming multiple bottoms at 82 levels. Stock has strong support at 80 levels which is its 200 DMA. Positive divergence is observed in stochsatic.

Buy above 84.3 Tgt 86,87.1 and 88.8 SL 83.4

Sell below 82.5 Tgt 81.7,80 SL 83.4

 

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