Swing Trading Calls: SBI, LT and Tata Motors

By | May 20, 2013

SBI

SBI

SBI is trading near its trendline resistance as shown above and formed a perfect DOJI candelstick near the top. Negative divergence is visible in RSI and Stoch. Bulls need to take caution.

Buy above 2444 Tgt 2462,2487 and 2509 SL 2434

Sell below 2412 Tgt 2400,2388 and 2370  SL 2424

 

Tata Motors

tata motors

Tata Motors has been trading in a perfect symmetrical triangle,and a breakout/breakdown move should come soon.

Buy above 304.2 Tgt 306.5,308.4 and 311 SL 303

Sell below 300 Tgt 297,295 and 292 SL 303

Larsen Tubro

LT

LT has seen a 300 point rally from 1314 to 1631 odd levels,Stock is now trading near its downward trendline which will act as resistance.

Buy above 1631 Tgt 1641,1651.8 and 1661 SL 1623

Sell below 1620 Tgt 1610,1600 and 1592  SL 1624

 

  • 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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