Thursday, 6 December 2012

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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

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

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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

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Hexaware

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.

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Buy above 111 Tgt 111.8,112.9 and 114

Sell below 108 Tgt 107.3,106.5 and 105

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All level mentioned are SPOT and keep a sl of 0.5-1% for Intraday trades,

Be rigid about your risk management and never risk more than planned.

Written by: Bramesh on December 6, 2012.

Source: http://www.brameshtechanalysis.com/2012/12/stock-future-trading/?utm_source=rss&utm_medium=rss&utm_campaign=stock-future-trading

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