Price Channel Analysis:Sun Pharma,HDFC Bank and CESC

By | March 19, 2015

Sun Pharma

Sun Pharma

Any close below 1040 short term target 1021/1008/987.

Intraday Traders can use the below mentioned levels

Buy above 1051 Tgt 1058,1068 and 1076 SL 1048

Sell below 1040 Tgt 1035,1024 and 1017 SL 1045

 

CESC

CESC

Any close above 610 short term target 623/631/644.

Intraday Traders can use the below mentioned levels

Buy above 606 Tgt 610,615 and 623 SL 601

Sell below 599 Tgt 595,589 and 584 SL 602

 

HDFC Bank

HDFC Bank

1076 is trend changer level, closing above it stock is heading towards 1100/1131. Unable to close above it short term target 1042/1021.

Intraday Traders can use the below mentioned levels

Buy above 1073 Tgt 1076,1081 and 1091 SL 1068

Sell below 1061 Tgt 1053,1044 and 1035 SL 1065

 

 

 

How to trade Intraday and Positional Stocks Analysis  Click on this link

 

Performance sheet for Intraday and Positional is updated for February Month, Intraday Profit of 2.81 Lakh  and Positional Profit of 3.74 Lakh

http://tradingsystemperformance.blogspot.in/

http://stockpositionaltrading.blogspot.in/

 

  • All prices relate to the NSE Spot/Cash Market
  • Calls are based on the previous trading day’s price activity.
  • Intraday 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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Please also read the detailed Disclaimer mentioned in the Right side of Blog.

The post given here are My Personal views and for learning purpose, trading or investing in stocks is a high risk activity. Any action you choose to take in the markets is totally your own responsibility. I will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.

9 thoughts on “Price Channel Analysis:Sun Pharma,HDFC Bank and CESC

  1. Robinson

    This helped..thanks for your reply…Have a nice day

  2. Bramesh Post author

    Please read the post, Clearly mentioned all price are based on cash market.

    CESC never reached 606 yesterday High was 605.2

    Rgds,
    Bramesh

  3. Robinson

    Hi B Ramesh.

    Was trying to call your phone number ending with “11341” and it was off. I have few questions and let me know if i see things correctly:
    1. In performance report, the lot is given hence I thought the levels are for futures and not for cash. Please clarify?
    2. The output of Sunpharma and HDFC bank was positive but CESC has hit a SL at both (Buys/Sell) sides but still the performance reports showing a profit of 1800?
    3. “Buy call Remarks” in the performance sheet for HDFC bank shows as SL triggered…I hope its a typing error?

    Thanks so much for your reply

    Robinson Dass
    +919985004920

  4. Robinson Dass

    Cash with the same levels as futures or we have different levels for cash segment?

  5. Bramesh Post author

    Please do paper trading for 1 month, see how stock react to levels.

    Gain Confidence trade in cash market .

    Get more comfortable with levels and than trade in Futures.

    Rgds,
    Bramesh

  6. Robinson Dass

    Thanks Ramesh,
    Would you suggest to take all positions like buying/selling in a same script? or repeated entry on a single script?
    Thanks
    Robinson

  7. Bramesh Post author

    When level comes take the trade.

    Rgds,
    Bramesh

  8. Robinson Dass

    Hi Ramesh,
    What is the best time to take the positions. Is it upon opening of the market or any specific time like post 0930 hrs etc?

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