Wednesday, November 25, 2009

November 26, 2009, Single Stock

Bharti - Bharti made a higher high and a higher low. It was also a doji candle. We hit our stop loss and closed our position. We will go long with a stop loss at recent low.
Trading strategy: Go long with a stop loss at 277.4
Supports: 277.4, 270.6
Resistances: 307.9, 325.6

Infosys - Infy made a higher high and a higher low. We will go long.
Trading Strategy: Go long with a stop loss at 2368
Supports: 2368, 2249, 2120-30
Resistances: 2449

RIL - RIL made a higher high, but a lower low. The break out does not look very strong, however we will stay long.
Trading Strategy: Stay long, move stop loss to 2133
Supports: 2044-61, 2036
Resistances: 2213, 2236-40

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