PFC,Ranbaxy and United Spirits technical forecast

By | June 25, 2013

United Spirits

United Spirits

United Spirits is trading near its rising trendline support forming a contracting triangle, Break of 2288can lead to downside till 2107 in short term.

Buy above 2330 Tgt 2350,2370 and 2400 SL 2300

Sell below 2285 Tgt 2260,2240 and 2220 SL 2300

 

Ranbaxy

RanbaxyRanbaxy after achieving our target of 343 is now near an important support level of 322 as per Fibo Fans, Holding the same bounce back till 343 can be expected.Unable to hold 322, Level of 288 will be seen on screen and Ultimate target of 254 not to scare one 🙂

Buy above 332 Tgt 336,339 and 343 SL 329

Sell below 322 Tgt 316,308 and 303 SL 326

 

PFC

PFCPFC has been falling like 9 Pins from the highs of 209. PFC is approaching very crucial support of 132-131 which is powerful number as per Gann Theory.Holding the same we can see bounceback till 157 can be seen in short term

Buy above 139.3 Tgt 141,143.5 and 147 SL 137.8

Sell below 135 Tgt 133,131 and 129.5 SL 137.8

 

Stock Performance Sheet for the Month of June is Updated @http://tradingsystemperformance.blogspot.in/  Net Profit for the month of June is 92525/-

  • 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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