April 24, 2009

Some Trading Opportunities

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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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