Technical Calls:JP Associate and Larsen
Jai Prakash Associate
Traders favorite staged a nice rally from low of Rs 70 to high Rs 98 from the oversold zone.As seen from Daily charts stock is on a crucial levels now at its support of Rs 91.4
If 91.4 gets broken than stock can move till low of channel as shown in chart.
Formation of Higher Low and Higher Highs are visible on daily chart which is bullish for short term
For tomorrow Trading
Sell Below 91.4 Tgt 89.35,88.7 and 87.8
If 87.35 is broken on closing basis Exit short term longs held.
Larsen
Read the full story »
Traders favorite staged a nice rally from low of Rs 70 to high Rs 98 from the oversold zone.As seen from Daily charts stock is on a crucial levels now at its support of Rs 91.4
If 91.4 gets broken than stock can move till low of channel as shown in chart.
Formation of Higher Low and Higher Highs are visible on daily chart which is bullish for short term
For tomorrow Trading
Sell Below 91.4 Tgt 89.35,88.7 and 87.8
If 87.35 is broken on closing basis Exit short term longs held.
Larsen
Read the full story »
posted by Bramesh at
11:04 PM
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