Coal India,Rcom and IDFC Technical analysis

By | August 30, 2013

IDFC

IDFC

IDFC after the recent fall has taken the excat support at fibo fan, and also closed above an important level of 81. Positional traders can take long above 84 for target of 89 in short term.

Buy above 84 Tgt 85.5,87 and 89 SL 82

Sell below 81 Tgt 79.7,77.5 and 76 SL 82

Coal India

Coal IndiaCoal India is nearing an important support of 250,as shown in below chart, For Positional traders Any close above 254 Stock is heading towards 267,280 in short term. Close below 246 stock can crash till 233 in short term.

Buy above 254 Tgt 256.5,259 and 263 SL 252

Sell below 250 Tgt 246,241 and 238 SL 252

 

Rcom

RCOMRcom is trading in perfect downtrending channel and has now approached the higher end, Unable to  trade/close above 123 stock can again be back to 111 in short term. Any close above 123 stock is heading towards 131 in short term.

Buy above 123 Tgt 126,128 and 131 SL 121

Sell below 117.5 Tgt 115,113 and 111 SL 119

Stock Performance Sheet for the Month of June is Updated @http://tradingsystemperformance.blogspot.in/  Net Profit for the month of Aug is 1.89 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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One thought on “Coal India,Rcom and IDFC Technical analysis

  1. shankar

    rcom acted very funny as always it gave a long above 123 and also hit the SL also gave a sell at 117.5 and then again 123

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