Intraday Swing Trading:HCl Tech,Pantaloon and Petronet

By | February 15, 2013

HCL Tech

HCL Tech

IT sector is on a run after cognizant increased its full year guidance. HCL Tech, TCS are making life Highs. HCL Tech is trading in  Horizontal channel between 650-720. Wide range of 70 points. Looking at Huge negative divergence in RSI, I expect Stock keep trading in its horizontal channel.

Sell below 707 Tgt 701,692 and 684 SL 710

Buy above 711 Tgt 715,719 and 722 SL 708




Petronet has been trading in down trending channel, has given a break out of it yesterday, Stock is also trading near its 200 DMA. Move above 153 can only stock showing follow up move 157.


Buy above 152.6 Tgt 153.6,155.8 and 157.5 Sl 150.2

Sell below 150 Tgt 148,147 and 144 SL 151



PantaloonPantaloon Retail fell down 5.7% yesterday and is now near trendline support which it held from September 2012. Bounce back can be expected if 215 is held on closing basis.

Buy above 217 Tgt 221,223,226.3 and 231 Sl 215

Sell below 214 Tgt 211.5,207 and 205 SL 216

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