Buy above 338 Tgt 341.8,344.5 and 349 SL 335.4
Sell below 332 Tgt 330,328.4 and 323 SL 335
Sun Pharma formed a bullish engulfing pattern yesterday,breaking out of the consolidation range it has been trading from past 2 weeks. Stock has taken resistance at rising trendline and move above that will only add more pwer to bulls else stock can correct today.
Buy above 854 Tgt 859,863 and 866 SL 851
Sell below 848 Tgt 844.6,839 and 833 SL 852
Hero Honda has been falling like a pack of cards in its downward channel as shown in above chart.Stock has formed a DOJI candle near the lower end of channel, giving hints stock can form a short term bottom and give a pullback.
Buy above 1533 Tgt 1540,1549 and 1560 SL 1528
For the reference of readers i have made the performance sheet for the Month of March Expiry, can be accessed from http://tradingsystemperformance.blogspot.in/ .
- Calculation are based on trading with 1 lot of Stock Futures
- Rs 100 is deducted as Brokerage and Taxes