JP Associate, Yes Bank and PFC Technical Analysis

By | September 3, 2013

JP Associate

JP Associate

JP Associate is approaching its short term upper trend line and trading in perfect rising channel. Any close above 37 gives positonal target of 39 42 and 47 in short term. Failure to close above 37 will see the stock falling back to 34 and 31 odd levels.

Intraday Traders can use the below mentioned levels

Buy above 36.6 Tgt 37.5,38.8 and 41 SL 36.2

Sell below 35 Tgt 34,33 and 31 SL 36.2

PFC

PFCPFC is approaching the triangle border again, Trading above 112 can see the stock pulling back to 123 in short term.

Intraday Traders can use the below mentioned levels

Buy above 112.3 Tgt 113.8,116.3 and 119 SL 111

Sell below 109.5 Tgt 107.5,104 and 101 SL 110

 

Yes Bank

Yes BankYes Bank is approaching the higher end of the gann fan, Any close above 254 gives target of 267,288 in short term, Failure to close above 254 will see the stock correcting back to 233 odd levels.

Intraday Traders can use the below mentioned levels

Buy above 252 Tgt 256,260 and 264 SL 251

Sell below 250 Tgt 247,242 and 237 SL 251.7

 

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 22K

 

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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