Thursday, January 19, 2012

January 19, 2012, Single Stock

Bharti - Bharti moved up and made a higher high and a higher low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 320, 309
Resistances: 396-98, 412, 448

Infosys - Infy fell and made a lower high and a lower low. We will wait and watch before we take a new position.
Trading Strategy: Play for resistances/supports breaks or bounces.
Supports: 2817, 2650, 2490-2301, 2162
Resistances: 2884, 3024

RIL - RIL jumped up and made a higher high and a higher low. We will go long with a stop loss above the resistance band.
Trading Strategy: Go long with a stop loss at 753.
Supports: 753, 712
Resistances: 774, 892-907, 967

SBIN - SBI made lower high and a lower low. We stay long, and move our stop loss up.
Trading: Stay long, move stop loss up to 1748.
Resistances: 1840, 1960
Supports: 1748, 1625, 1590, 1571

No comments: