Bharti Airtel
Bharti Airtel stock has been perfectly trading in its Fibo Fan support and resistance on daily charts.Positional traders should wait for close above 343 for positional longs and shorter should wait for close below 320.
Buy above 324 Tgt 329,333 and 340 SL 321
Sell below 317 Tgt 314,307 and 301 SL 321
Chambal Fertilizers
Chambal is also trying to hold its Fibo Fan line of 34 on daily chart. Any close 34 give short term target of 31 and 26. Holding 34 bounceback can be seen till 37 odd in short term. So a move of 8-10% is waiting for the stock.
Buy above 34.3 Tgt 35.4,36 and 37 SL 33.8
Sell below 33.4 Tgt 32.9,32 and 31 SL 33.8
JSW Steel
JSW Steel has been falling like all other steel stocks and stock is trading at 52 week low. JSW is holding its Fibo Fan line of 527.Holding the same bounceback can be expected till 555 odd levels. Close below 521 can can lead to 500 and 466 short term.
Buy above 539 Tgt 548,555 and 565 SL 533
Sell below 527 Tgt 522,511 and 500 SL 533
Stock Performance Sheet for the Month of June is Updated @http://tradingsystemperformance.blogspot.in/ Net Profit for the month of Aug is 15K
- All prices relate to the NSE Spot
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- 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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