Thursday, July 28, 2011

July 28, 2011, Single Stock

Bharti - Bharti made a lower low and a lower high. This is a negative signal. We will stay long.
Trading Strategy: Stay long, with stop loss at 390
Supports: 390, 385
Resistances:379, 390, 439

Infosys - Infy made a higher high and a higher low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Supports: 2926, 2736
Resistances: 3162, 3238

RIL - RIL made a lower low and a lower high. We will stay long with a stop loss at the recent low.
Trading: Stay long with a stop loss at 840.
Supports: 840, 940, 964
Resistances: 1100, 1125

SBIN - SBI fell sharply and made a higher high and a lower low. We will wait and watch before taking a new position.
Trading: Play for resistance/support breaks or bounces.
Resistances: 2515, 3325, 3515
Supports: 2123-38

No comments: