Stock Trading:DLF,Bajaj Auto and Axis Bank

By | May 24, 2013

DLF

DLF

DLF has broken below its trading range of with a bearish engulfing pattern,and is now very near to its trendline crosover zone, break below 210 stock is heading sub 200 levels.

Buy above 215.5 Tgt 218, 221.2 and 224 SL 211

Sell below 210 Tgt 207, 204 and 200 SL 212

Bajaj Auto

bajaj autoBaja Auto is forming a symmetrical triangle again and big breakout/breakdown is coming soon.

Buy above 1820 Tgt 1832, 1845 and 1857 SL 1810

Sell below  1804 Tgt 1787, 1777 and 1760 SL 1814

Axis Bank

Axis Bank

Axis bank is approaching the lower end of trading range.

Buy above 1459 Tgt 1468, 1485 and 1500 SL 1455

Sell below 1444 Tgt 1434,1420 and 1400  SL 1455

For the reference of readers the performance sheet for the Month of May Expiry has been updated, can be accessed from http://tradingsystemperformance.blogspot.in/.AM happy to share we are in profit of Rs 1.19 lakhs. Hope readers following analysis are also minting money :).

  • All prices relate to the NSE Spot
  • Calls are based on the previous trading day’s price activity.
  • The call is valid for the next trading session only unless otherwise mentioned.
  • Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.
  • Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.

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One thought on “Stock Trading:DLF,Bajaj Auto and Axis Bank

  1. Abhishek Shukla

    I didn’t understood why you hav said to buy bajaj auto above 1820 , when breakout of triangle is above 1880

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