[wp_ad_camp_5]
Stock : Satyam Computers
CMP : Rs 413
Target : Rs 440 and 468
Time Frame : 1-2 months
Stop Loss : Rs394
Trading Strategy:
This stock showing bullish signals and with good average delivery volumes above( 20 day delivery volumes are well above 40%.). And trying to sustain above 20 day EMA for the past 6 trading sessions. To trade this stock just grab it dips with a minimum stop loss well below 20 day EMA whic comes around Rs404. And Rs394 would be a good Stop loss. Satyam having strong supports near 409. And can bounce upto 61.8% which is the fibonacci retracement level and current resistance level for satyam computers. Once the resistance breaks then we can go for higher targets. Satyam looks like a good and safe trading bet in current market scenario.
Rajandran
Author Marketcalls
