Technical Stock Trading:Titan,Tata Steel and RIL

By | April 16, 2013

Relaince

RIL

RIL will be declaring its results today post market hours. Stock made high of 955 when last quarter results were declared and kept falling down from that day till 760. Stock is stuck in its trading range of 805-765. Trader should short at higher end and long at lower end with strict sl.

Buy above 800 Tgt 804,809 and 815 SL 794

Sell below 788 Tgt 782,778 and 773 SL 794

 

Tata Steel

Tata Steel

Tata Steel broke the descending triangle pattern in yesterdays trading session. With fall in commodities all over the place tata steel will continue to fall. Target of descending triangle pattern comes at 240 odd levels in a month time frame.

Sell below 292 Tgt 288,284 and 278 SL 295.5

 

Titan

TitanTitan has formed a breakaway gap, With such steep fall in gold prices titan will be directly affected. Stock has broken its rising medium term trendline with a breakaway gap.

Buy above 241 Tgt 243,245.5 and 249 SL 239

Sell below 235 Tgt 231,227 and 226 SL 237

 

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