Go long in Satyam with SL of 41-42 on closing basis

If we see satyam charts for 3 months , we can see a short term range of 44-50 and we will see that on Friday , Satyam bounced back from support levels of 44 and closed about it with a green candle . This green candle was also accompanied by a DOJI a day before :)

Now today is Saturday and with news of UPA-without-LEFT coming in Power , gives a great signal to go long in this market .





Strategy :

- Go long on satyam with SL of 41-42 on closing basis .
- When It moves up to 50 , Raise SL to Buy price .
- Once It crosses 55 , raise SL to 48 .
- Once it moves above 60 (major resistance point) , add more shares in your long side and Raise SL to Rs 56 .
- Keep shares untill next weakness or your targets are achieved .

See my previous Analysis on Satyam a say before here