Stock Technical Analysis: PNB, Jubilant Food and LIC Housing

By | May 10, 2013

Jubilant Food

Jubilant

Jubilant came up with a bad set of numbers, stock took a beating in last 1 hour. Stock closed below important support of 1020which stock has held from past 1 year. Break of 1020 on weekly basis will spell trouble for bulls.

Buy above 1030 Tgt 1045,1055 and 1073 SL 1018

Sell below 1015 TgtĀ  1000,980 and 960 SL 1020

 

LIC Housing Finance

LIC

LIC has been trading in triangle pattern , with firm base at its upward rising trendline. Stock has strong resistance in range of 254-256 and strong support at 245. Breaking of either level will give a breakout move. till than range trading will continue.

Buy above 250.2 Tgt 253,256 and 258 SL 248.5

Sell below 247 Tgt 245,242 and 237 SL 248.5

 

PNB

PNB

PNB gave a good rise after results were announced andĀ  oscillating around its 200 DMA.Unable to cross the same correction will resume.

BUy above 794 Tgt 800,806 and 811 SL 783

Sell below 769 Tgt 760,753 and 746 SL 783

For the reference of readers the performance sheet for the Month of April/March Expiry has been updated, can be accessed from http://tradingsystemperformance.blogspot.in/.

  • All prices relate to the NSE Spot
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  • 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.
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