Saturday, March 1, 2014

HDFC BANK

HDFC Bank closes at 668
A very Good trade set Up with Huge -Ve divergence.

Can enter shorts in range 675-685
sl above 695
For 640 & below

660Pe closed at 11
Best Buy below 7 for 15 

LIC

Lic closed at 207
Very good trade set Up with -ve Divergence in 15,30 & 1Hour Time Frame.
213 will be a good sl for all shorts.
Target 203,197.
LIC 200 Pe closed at 4.75
Buy around 4 with sl of 2 for a target of 8-10

TataMotors New trade set Up

TataM clsoed at 418.
A breakOut Candidate but has stiff resistance at 425.

Can try short around it for 400,380

Lupin new Trade

Lupin trading at 1004
A break out candidate, gives a range Breakout with closing at highs.

But there is Bearish ABCD pattern form in 1 hour & 4Hour Chart along with Daiy Chart.
But no -ve divergence found.

Risky can try short in the range 1010-1000 with sl above 1030
Lot size -250
1000 Pe closed at 26
Best buy around 20-22 for 10-15 points.
Sl around 10

LnT new trade

LT now trading at 1107
30 min Has a Bearish  anti Shark pattern with -ve divergence.
1 hour has a Bearish Butterfly with -ve divergence.
A wolf wave also completes at 1115 level.
A short can be taken for immidiate target of 1075, 1055, 1018.

1100 Pe trading at 26
1080 Pe tarding at 19.
Recomend to enter on a new high or below 1095 for safe side.