Stock Trading:Axis Bank,Lupin and Indusind Bank

By | September 3, 2013

Axis Bank

Axis Bank

Axis Bank is trading near its medium term support of 772 as shown in above weekly chart.Any close below 754 gives short term target of 700.

Intraday Traders can use the below mentioned levels

Buy above 792 Tgt 802,809 and 825 SL 781

Sell below 770 Tgt 760,753 and 744 SL 781

 

Lupin

Lupin

Lupin also trading in a falling channel. Positional traders any close above 846 gives short term target of 898.

Intraday Traders can use the below mentioned levels

Buy above 846 Tgt 852,858 and 863 SL 840

Sell below 833 Tgt 828,823 and 814 SL 836

 

Indusind Bank

Indusind BankIndusInd bank chart is same as Bank Nifty, trading in perfect down trending channel and today started corrective down move. Positional traders keep eye on 343 level, Any close below it gives short term target of 322.

Intraday Traders can use the below mentioned levels

Buy above 352 Tgt 357,363 and 369 SL 348

Sell below 341 Tgt 337,333 and 328 SL 344

 

 

Stock Performance Sheet for the Month of September is Updated @http://tradingsystemperformance.blogspot.in/  Net Profit for the month of Aug is 1.89 Lakh and Sep Month 34.6 K

 

Readers can see the Positional Trades performance  http://positionalcallsperformance.blogspot.in/

 

  • 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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