Stock Trading Charts:Hero Moto,Yes Bank and Cairn India

By | July 24, 2013

Hero Moto

Hero

Hero Moto stock has entered in crucial resistance range of 1809-1830. Unable to cross the range can see stock pullback to 1741 1700 odd levels.Any close above 1830 stock will rocket back to 1900 odd levels.

Buy above 1791 Tgt 1810,1830 and 1850 SL 1771

Sell below 1760 Tgt 1741,1727 and 1710 SL 1771

Yes Bank

Yes BankYes Bank daily chart has formed tripple bottom at 416, and has been consolidating in range of 442-420 off late. Stock looks ripe for range expansion.

Buy above 437 Tgt 444,451 and 459 SL 430

Sell below 428 Tgt 422,416 and 409 SL 432

 

Cairn India

cairnCairn India is trading in the range of 272-314 and approaching the higher end of trading range. Unable to cross higher end of range,call see a correction back to lower end. Negative divergence are also visible.

Buy above 313 Tgt 315.5,318 and 322 SL 310

Sell below 309 Tgt 307,304 and 301 SL 311

Stock Performance Sheet for the Month of June is Updated @http://tradingsystemperformance.blogspot.in/  Net Profit for the month of June is 1.45 Lakh

  • 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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