Stock Trading Recommendations:OFSS,BPCL and KTK Bank

By | February 20, 2013

Keep your technical systems simple. Complicated systems breed confusion; simplicity breeds elegance.

There are some things we can control as traders and some things that we can not. We need to learn the difference to limit our frustration and win in this game.

 

OFSS

OFSSOFSS bounced back sharply from its 200 DMA,and formed a bullish engulfing pattern today supported by volumes. Stock is entering into resistance zone of 3114-3120.

Sell below 3090 Tgt 3068,3045 Sl 3120

Buy above 3120 Tgt 3140,3165 and 3189 SL 3097

 

BPCL

BPCL

BPCL took support at lower end of upward rising trendline,moved above 20 DMA and indicator also supporting the move.

Buy above 394.5 Tgt 397.5,400 and 402.5 SL 389.2

Sell below 388.8 Tgt 384,381 and 376 SL 390

 

KTK Bank

KTK

KTK bank is nearing another breakout, if its able to cross and sustain above 165.

Buy above 162.2 Tgt 164, 169,173  and 177.8 SL 160

Sell below 159.5 Tgt 157.4 and 154 SL 162.2

 

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