Maruti, Syndicate and Axis Bank Technical analysis

By | October 28, 2013

Maruti

MarutiMaruti has formed multiple doji’s strong support at 1453  and resistance at 1549.

Buy above 1511 Tgt 1531,1549 and 1563 SL 1500

Sell below 1488 Tgt 1477,1467 and 1453 SL 1500

 

Axis Bank

Axis Bank

Buy above 1193 Tgt 1204,1217 and 1230 SL 1190

Sell below 1179 Tgt 1167,1154 and 1140 SL 1190

 

 

Syndicate Bank

syndicateStrong support at 20 DMA and lower end of triangle.

Buy above 74.3 Tgt 75.5,77.4 and 78.7 SL 73.6

Sell below 73 Tgt 72.3,71 and 69 SL 73.6

 

Stock Performance Sheet for the Month of September is Updated @http://tradingsystemperformance.blogspot.in/  Net Profit for the month of Sep is 1.82 Lakh and Oct Month 2.27 Lakh

Stock Performance Positional sheet for Sep Month is updated on http://positionalcallsperformance.blogspot.com/  Net Profit for Sep Month 2.35 Lakhs , Oct Month 1.85 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.

One thought on “Maruti, Syndicate and Axis Bank Technical analysis

  1. john

    perfect analysis.unfortunately cud not take the trade,too scared to pull the triger .

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