Friday, June 21, 2013



LT looks a good buy at channel support. Buy the stock at around 1364 levels with SL at 1358.Stock made a positive divergence. If stock moves below 1358 then one can initiate the short trade for target of 1310.

If 1358& 1310 are broken stock may be into correction phase with huge targets of 1102.

If the long term trend line( shown in RED ) is broken then stock is more weak.

No comments:

Post a Comment