Positional Trading based on 4 hourly charts.

[ashish2010]

BPCL, price touched lower trendline. Took long position @ 285 in august series.

BPCL update - Expecting price to touch 610 levels in august expiry. Support and resistance zones are marked in chart.

 

[ashish2010]

CESC, long trade..price is sitting at lower trendline.

Took long position in August futures at 627. Stoploss price below 600 in cash.

CESC update - price goes below trendline but moved sharply after touching the support at 600 level. Now expecting 680 levels to touch in august series. Let's see on Friday (first day of series) where it goes and then will update the chart accordingly.

 

[ashish2010]

ONGC, ready to breakout from trendline zone. 390 is a good support zone.

ONGC update - Highlighted in chart.

 

[ashish2010]

JSW steel, price in trendline zone..

JSWSTEEL update..

 

[ashish2010]

JPassociates, short term view.. The way it is coming down should touch lower trendline..

JPASSOCIATE update..

 

[ashish2010]

Shriram transport finance. Should behave as written in chart.

SHRIRAM TRANSPORT FINANCE update..

 

[ashish2010]

Ultratech cement, short to medium term view..

ULTRATECH CEMENT update. Holding long positions for 2600 levels.

 

[ashish2010]

CESC update - price goes below trendline but moved sharply after touching the support at 600 level. Now expecting 680 levels to touch in august series. Let's see on Friday (first day of series) where it goes and then will update the chart accordingly.

Exit CESC august series long positions at 663. :clapping::clapping:

 

[ashish2010]

ULTRATECH CEMENT update. Holding long positions for 2600 levels.

ULTRATECH CEMENT, update. Holding for 2600 levels.

 

[ashish2010]

BANKINDIA Update - Behaving as expected. Targets highlighted in chart.

Exited short positions at 276.5o. :clapping::clapping: