Tuesday, May 20, 2014

Trading opportunities captured in RelCap, BPCL, PFC, CESC, Grasim, Jubliant!

The below articles highlights on how one can capture trading opportunities on stocks like RelCapBPCLPFCCESCGrasimJubliant!
Below is the excerpt from our “Financial Waves Short Term Update” published in last 10 days to our paid subscribers which gave good trading opportunity. For more subscription details visit http://www.wavesstrategy.com/index.php/store.html
Reliance Capital Daily chart:
Anticipated on 15th May 2014: Our favored view is positive with the support of 400 and 380. If prices continue to sustain above 400 levels, then over short term 470/480 levels can be seen on upside where next resistance comes.
Happened Yesterday: After breaking above big consolidation, stock sustained above 400 levels. In today’s trading session it made a high near 484 levels and achieved our mentioned levels.
BPCL Daily chart: 16th May 2014)
Anticipated on 16th May 2014: For BPCL our favored view is positive and any decisive break of 530 level will infuse the buying pressure and prices will head towards 590/600 levels.
Happened Yesterday: After breaking above 530 level, buying pressure intensified and made a high of 589 in today’s trading session.
Power Finance Corporation Daily chart:(15th May 2014)
Anticipated on 15th May 2014: For PFC our favored view is positive. On downside 210 followed by 200 will act as strong support and prices can move towards 265/270 on upside.
Happened Yesterday: Prices sustained above 210 level, made a high of 292 in today’s trading session.
Grasim Industries Daily chart(14th May 2014)
Anticipated on 14th May 2014: With the support of 2750 level, our bias is positive. Any move above 2930 level will take prices towards 3100/3150 where first resistance comes.
Happened on 16th May 2014: After breaking above 2930 level, prices did not look back and made an intraday high of 3274.
Jubilant Food Daily chart: (13th May 2014)
Anticipated on 13th May 2014: Any move above 1080 can push the prices to 1150/1180 Levels where first resistance comes.
Happened on 16th May 2014: As soon as 1080 was taken out, strong momentum generated on upside and touched the level of 1180.
CESC Daily chart:
Anticipated on 12th May 2014: our bias for short to medium term trend is positive. Prices can move towards 540/550 where channel resistance comes.
Happened on 16th May 2014: Prices made a high at 549.70 and almost achieved our mentioned level.
To know 3 different stocks with trading opportunity on daily basis before the Equity Market opens and speak with our analyst directly on yahoo messenger for any queries relating to research report just Subscribe to The Financial Waves Short Term Update and get instant updates. To subscribe visit http://www.wavesstrategy.com/index.php/store.html or write to us at helpdesk@wavesstrategy.com or call us on +91 9920422202/+91 22 28831358

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