Technical Calls:DLF,ONGC and Reliance

By | June 5, 2013

DLF

DLF

DLF after breaking the crucial support of 228 has been falling like 9 Pins, DLF is trading near the Fibo Fan support of 188, Holding the same pullback can be seen, else downfall will continue to next fibo support of 174.

Buy above 195 Tgt 198,200 and 203 SL 193

Sell below 191.5 Tgt 189.6,186.5 and 182 SL 193

Reliance

RIL

Reliance is trading near the downward falling channel,so pullbck rally can be expected if 776-778 is held on closing basis.

Buy above 786.5 Tgt 792,796 and 799.5 SL 780

Sell below 779 TGt 773,768 and 764 SL 782

ONGC

ONGC

ONGC is near its trendline support and formed a DOJI candel, signalling a big move is round the corner in next couple of days.

Buy above 319 Tgt 321.3, 323 and 326 SL 318

Sell below 314.5 Tgt 311.5,308 and 306.2 SL 315.5

 

Stock Performance Sheet for the Month of May is Updated @http://tradingsystemperformance.blogspot.in/  Net Profit for the month of May is 187775/-

  • 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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