Monday, April 18, 2011

April 18, 2011, Single Stock

Bharti - Bharti made a higher high and a higher low. We will go long with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 345.
Supports: 345-51, 318-24, 303
Resistances:377

Infosys - Infy fell sharply and we hit our stop loss and closed our postion. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 3110, 2948, 2904
Resistances: 3162, 3238

RIL - RIL made a higher low an equal high. This could be a a pivot point for RIL to start its uptrend again. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 964, 954
Resistances: 1100, 1125

SBIN - SBI made a higher high and a higher low. We will go long with a stop loss at the recent low.
Trading Strategy: Go long with a stop loss at 2759
Resistances: 3325, 3515
Supports: 2759, 2520, 2463-76

No comments: