Siemens stock on daily chart is unable to close above its downward falling trendline and also approaching the demand zone of 466. Any close below 466 gives target of 432 in short term.
Buy above 491 Tgt 500,509 and 519 SL 484
Sell below 473 Tgt 465,455 and 444 SL 477
M&M has been swinging widely in huge trading range of 1000-867 from past 3 months. Stock is now near its lower end of trading range,Holding the same bounceback can be expected towards the higher of trading range.
Buy above 880 Tgt 887,898 and 907 SL 871
Sell below 866 Tgt 860,851 and 843 SL 871
PFC has been falling like 9 pins and has lost 50% of market cap in matter of 8 months, Stock is near a crucial fibo fan support and volume activity has been huge in past few trading sessions, suggesting we can see a reversal soon.
Buy above 104 Tgt 107.5,110 and 114 SL 102
Sell below 97 Tgt 95.5,92 and 90 SL 99.5
Stock Performance Sheet for the Month of June is Updated @http://tradingsystemperformance.blogspot.in/ Net Profit for the month of Aug is 68.2K
- 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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