Stock Trading Strategies:Axis Bank,JSW Steel and Sesa Goa

By | August 26, 2013

Axis Bank

Axis BankAxis bank is approaching its medium term support of  929. Holding the same bounce back can be seen as shown in above chart. Closing below 929 can see axis correcting 898 in short term.

Buy above 935 Tgt 945,952 and 968 SL 929

Sell below 924 Tgt 911,898 and 887 SL 929

 

JSW Steel

JSW Steel

JSW Steel is trading in perfect downtrending channel, and is near the upper end of channel.Unable to close above 555 on closing basis stock is heading to lower end of channel 521 and 500 in short term. Closing above 555 gives target of 576.

Buy above 542 Tgt 548,555 and 563 SL 539

Sell below 527 Tgt 522,516 and 510 SL 531

 

Sesa Goa

Sesa GoaSesa Goa is rallying from low of 119 as it will included in Sensex. Stock is near its trend line resistance of 171. Any close above 171 gives target of 178,199 in short term. Close below 165 gives target of 157 in short term.

Buy above 171 Tgt 174,178 and 185 SL 168

Sell below 163.5 Tgt 161,157 and 154 SL 165

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