Some Trading Opportunities

Below is some basic Technical Analysis of 3 shares .

You can take trading calls on your risk , Always use SL , dont take bigger positions than you can afford , Dont be greedy , When SL Hits , just get out without feeling "its coming back again" .

JAI PRAKASH ASSOCIATES : Closed above the channel , But RSI started Falling , so its a wait and watch for some time . Better to buy near 105 if corrects .



SUZLON : Fundamentally there is no news which gives a BUY signal , price has also bounced back from resistance level , Now again approaching towards Resistance line , A short term Trade is possible for a target of 72 , but only after a dip .



SATYAM : Some serious consolidation is going on in this counter and there is no wild activity going on from last some weeks , this is quiteness before the Storm . Breakout or Breakdown will offer wonderful trading opportunity , Dont miss it , wait for it to come patiently .

Risky traders can buy it around 42 , for a target of 60 atleast .


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Reliance Break out , target 1800

Reliance has broken out of its channel and now heading towards target of Rs 1800. Let us see the charts .



I am making this post very late , The closing price for it is around R 1660 now (2nd Apr 09) . It is for sure heading towards its target of 1800 .

It does not mean , you go and buy it next day , that may not provide the best risk/reward . Only buy on dips now . If prices decline and go near Rs 1600 , then you can buy it with strict Stop loss .

If it continues to go further , it would be wise to wait now and rather sell it around Rs 1800 , on signs of weakness . Please see over all market conditions before making the decision .
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