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Sunday 17 February 2013

Hero Motor Corp

There is a possible +ve Wolfe Wave in Hero Motor Corp. A long trade can be initiated @ 1641 with stop-loss @ 1630 for the 1st Target of 1730, IInd Target is 1851 & IIIrd Target is 1986.


Friday 15 February 2013

JSW STEEL

JSW Steel may take support @ 780 (cash ) levels. A long trade can be initiated in this counter at this level. There is also a probability that it can go to 745 level as a long term trendline is there. So keep on accumulating till 745 levels. .Targets would be 835, 987, 1090 and if it fails to hold 745 level then the support levels are 575, 470. Stop-loss would be 740 on closing basis.
The chances are rare that it would go below 745 as multiple supports ,Gann angle support, & Gann retracemnent  level supports are there.

Monday 11 February 2013

Larsen & Toubro

Larsen & Toubro is taking support at the Wolfe Trendline. So a long can be initiated in this counter @ 1490 for the 1st target of 1550 , IInd Target is 1582 & IIIrd Target is 1630. Stop-Loss is 1480 (Closing basis). All levels are of Cash. Support levels are 1485, 1451

Monday 4 February 2013

SBIN

Stop-loss hit in SBIN. Now we are in short trade Target is 2285

Sunday 3 February 2013

SBIN

SBIN is taking support @  Gann angle which is at 2400. Start accumulating SBIN at 2400 and more longs can be added @ 2372 with Stop-loss @ 2365. Targets are 2484, 2535


Nifty Spot (4/2/13-8/2/13)


A long trade can be initiated in Nifty @ 5990.  Target 6105 and Stop-loss is 5980.
Major resistance are 6105, 6120, 6143 and major support are 5962, 5923,