Stock Technical Analysis:Cairn,Bata and Maruti

By | August 29, 2013

Cairn India

cairn

Cairn India has given a breakout out of its trading range, and close above an important level of 322.Holding 322 on closing basis stock can move till 343 odd levels in short term.

Buy above 330 Tgt 333,336 and 341 SL 328

Sell below 325 Tgt 322,319 and 314 SL 328

Maruti Suzuki

Maruti

Maruti Suzki is near very crucial level of 80% retracement and important support of 1220.Holding the same bounceback till 1300 and 1360 can be seen in short term.Close below 1220 levels as low as 1131 can be seen.

Buy above 1240 Tgt 1250,1267 and 1285 SL 1232

Sell below 1215 Tgt 1200,1185 and 1177 SL 1220

 

Bata India

Bata IndiaBata is near an important fibo fan level of 771 and close above the same showing some pullback can be seen in coming session.

Buy above 800 Tgt 811,825 and 836 SL 795

Sell below 784 Tgt 774,760 and 748 SL 788

Stock Performance Sheet for the Month of June is Updated @http://tradingsystemperformance.blogspot.in/  Net Profit for the month of Aug is 1.82 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.

We do discussion in Live market to update Nifty/Stock levels If you are interested you can LIKE the page to get Real Time Updates.

Leave a Reply