Stock : Punj Lloyd
CMP : Rs 304.85
Here is an intresting Swing Trade from Punj Lloyd which shows the positive movement
3 day 15 min charts shows that stock has further uptrend above the recent swing high
306.85. And the current swing low is 304.85 as show in the below. Also the stock trades
above 20 period EMA and the rising RSI shows signals a bullish call in this stock.
So a good trade can be initiated if the stock crosses above the recent swing high 306.85 for a target of
311 and 315 with stoploss anywhere below the recent swing low 304.85
Happy Trading!!!
Regards,
Rajandran R
Author – Marketcalls
Related Readings and Observations
Nifty Open Interest Update for June 2012 Option Series Nifty Higher Open Interest among the series seen at 4500PE and 4800PE among the june option strike prices. On the calls side higher open interest is seen in 5000CE series. Higher Open […]
MCX Gold in Sell Mode on SDA2 Hourly charts MCX Gold rallied to its record high Rs 23940 per 10 gram , as growing fears about gloomy outlook of US economy and increasing spread of the European debt crisis. On the technical aspects […]
How are Health Insurance Premiums Determined? Health Insurance premiums are determined by a variety of factors. Statistical and mathematical calculations play a major role in figuring out which policy you are eligible for and how much […]
Bank Nifty Futures November Trend Overview Too much of consolidation in Bank Nifty Futures weekly charts indicates the age of the trend is getting too old. Old trend doesnt mean that it will be come an end but from the investing […]
Understanding Discount Brokers in India Have your ever wondered why discount brokers(e.g Tradejini, Zerodha,Compositedge,RKSV,RK Global) are charging very less and cheap rokerage when compared to full service brokers like […]
Crude tehcnical outlook for 13 March 2013 Now mcx crude is trading around 5040 ($92.90) & as we can see on charts crude is facing a minor resistance around $93 which also represent the 38.2% feb correction level if last descending wave
Leave a Reply