Stock Trading Ideas:JSW Steel,BOB and Hexaware
6 December 2012 281 views One Comment
Traders must be flexible about their opinions and change them when proven wrong but they must be rigid about their risk management and never risk more than planned.
JSw Steel is near its trendline resistance 776, If stock is able to cross can see a breakout , Volumes should hold the key.
Buy above 780 Tgt 789,801 and 810
Sell below 767 Tgt 760,755 and 747
Bank of Baroda
Bank of Baroda is again near its trendline resistance of 789 with a negative divergence coming in RSI. Most of mid caps and Large cap Bank stocks are near there trenline resistance with negative divergence, so its time to be cautious. Do not get swayed away by positive sentiments created by Blue channels.
Buy above 789 Tgt 793,797 and 895
Sell below 781 Tgt 773,765 and 757
Hexaware has seen compression in Volatility with support coming at 108 odd levels and trendline resistance at 111. Big move is round the corner.Also note down the Huge negative divergence emerging.
Buy above 111 Tgt 111.8,112.9 and 114
Sell below 108 Tgt 107.3,106.5 and 105
All level mentioned are SPOT and keep a sl of 0.5-1% for Intraday trades,