Wednesday, 10 April 2013

Chart Update : JSW Steel

JSW Steel Chart:



 Share is trading above the trend line connecting recent tops. After fast rise we have a flag formation on daily chart. On hourly chart 21HEMA and 34 HEMA are converging indication a wild big move in coming days. 675 is resistance for share.Above 678 we will have flag breakout on upside. Please note that this share is very volatile so if your risk appetite is low , "Stay Away" from this counter.

Close below descending trend line connecting tops will be fisrt sign of weakness. 
 
Hdfc Bank Chart Update: Click here

So,Plan your trade accordingly.

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Happy Trading.


DISCLAIMER:

All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.


4 comments:

  1. plz sir given hexaware view inh&s patern

    ReplyDelete
  2. Nice observation .. Will post chart on FB Page... Thanks for bringing it to my notice..

    In between please call me sumit...

    ReplyDelete