Stocks with Momentum:United Spirits,Jubilant Foods and Adani Ent

By | February 6, 2013

“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

United Spirits

United Spirits

United Spirits deal with diego has cleared SEBI and stock looks bullish looking at the charts once it crosses and closes above 1900.

Buy above 1900 Tgt 1938,1970 and 2001 SL 1885

Sell below 1884 Tgt 1855,1835 and 1800 SL 1900

 

Jubilant Food

Dominos

Jubilant food had a steep fall yesterday after results were declared. Stock has been trading in wide range of 1400-1020  from almost 10 months,As seen in above chart sharp bonce back can be expected if 1020 is not broken.

Buy above 1053 Tgt 1065,1077 and 1089 SL 1040

Sell below 1020 Tgt 1002,984 and 966 SL 1040

 

Adani Enterprises

Adani Ent

Adani Enterprises is coming with OFS of 70 lakhs shares today at Rs 248,stock should open gap up and can retain the price of 248 till OFS is fully subscribed,once done stock shall continue with decline as happened in last OFS

Buy above 244 Tgt 247,252 and 255 SL 240

Sell below 238 Tgt 235,231 and 229 SL 243

 

6 thoughts on “Stocks with Momentum:United Spirits,Jubilant Foods and Adani Ent

  1. Bramesh Post author

    Thats the beauty of trading on levels, In a week 1-2 calls will be like which will exceed ur expectation and you get the bounty here

    Rgds,
    Bramesh

  2. Bramesh Post author

    Thanks Sandeep !! Better Luck next time

    Rgds,
    Bramesh

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