Stock Calls:SBI,BHEL and Jubilant Foods

By | June 18, 2013

SBI

SBI

SBI as per last analysis clearly mentioned range of 1980-1974 very crucial range as per Fibo Spiral and Gann, Stock made low of 1970 and bounced back sharply at 2075 levels and closed at 2065 . Now next important gann number is at 2068 levels,unable to cross the same pullback will be expected .

Buy aboveĀ  2075 Tgt 2095,2110 and 2115 SL 2065

Sell below 2057 Tgt 2044,2025 and 2014 SL 2065

 

Jubilant Food

JubilantJubilant foods has been under pressure from level of 1120 fallen like 9 pins till 950. Stock is near important fibo fans support and holding the same pullback rally can be seen till 987 odd levels.

Buy above 967 Tgt 975,982 and 989 SL 960

Sell below 950 Tgt 944,938 and 930 SL 960

BHEL

BHELBHEL is forming a perfect descending triangle , pattern failure come with close above 184. BHEL turned from important gann number of 175. So till 175 is not broken on closing basis stock current correction is over and next important resitance comes at 220 odd levels.

Buy above 184 Tgt 185.5,187 and 189 SL 182.5

Sell below 180 Tgt 178,176 and 174 SL 182.5

  • 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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