Stock Technical Forecast:SBI,IDFC and Bajaj Auto

By | July 4, 2013

Bajaj Auto

bajaj auto

Bajaj Auto after breaking out of its trendline crossover zone,formed 3 DOJI pattern suggesting an explosive move is round the corner.

Buy above 1893 Tgt 1908,1925 and 1950 SL 1881

Sell below 1868 Tgt 1848,1826 and 1804 SL 1881

 

IDFC

IDFCIDFC is near its important medium term support of 123, Holding the same bounce back can be seen, Unable to hold and any close below 123 will lead a downfall till 110.

Buy above 126.5 Tgt 128,129.5 and 131 SL 125

Sell below 123 Tgt 121,118 and 116 SL 124

 

SBIN

SBI

SBI is very near to its trendline support zone of 1890, Any close below 1890 will take SBI to 1830 and 1741 in medium term.

Buy above 1903 Tgt 1920,1936 and 1952 SL 1892

Sell below 1889 Tgt 1870,1848 and 1830 SL 1898

Stock Performance Sheet for the Month of June is Updated @http://tradingsystemperformance.blogspot.in/  Net Profit for the month of June is 1.31 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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