Yes Bank,Petronet and CESC positional trading strategy

By | July 21, 2014

Yes Bank

555 should be watched closely, Closing above it short term target comes at 576/589. Closing below it short term target comes at 521. Positional traders keep Stop loss of 555 on closing basis.

Intraday Traders can use the below mentioned level

Buy above 555 Tgt 560,565 and 571 SL 553

Sell below 549 Tgt 543,535 and 530 SL 553

 

Yes Bank

 

 

CESC

ABCD Harmonic pattern formation in CESC, 665 should be watched closely, Unable to close above 644/623 and 610 are short term target.

Intraday Traders can use the below mentioned level

Buy above 657 Tgt 665, 672 and 682 SL 654

Sell below 653 Tgt 642,631 and 623 SL 656

CESC

 

Petronet

Intraday Traders can use the below mentioned level

Buy above 188 Tgt 190,193 and 197 SL 186

Sell below 185 Tgt 183,180 and 176 SL 186

Petronet

 

 

Performance sheet for Intraday and Positional is updated for July Month

http://tradingsystemperformance.blogspot.in/

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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