Five stocks for coming week:
Learn Intraday Trading Strategies: 2 Hour Session every Sunday
ZEEL : During July we recommended short in Zeel around 180/168 for target 150-130, after testing our targets, stock rebounded sharply and now its around 215-20, Add more above 225 for target of 250-62 in coming days. Support exists around 200 and stoploss can be placed at 192
YES BANK : Stay away. Stock has resistance around 15.60-15.80-16. Fresh longs only above 16, support 14. Use rallies to book profit.
Shri Ram Transport : Add long above 772 for 8-10% in short term and 20% in medium term. Keep stop below 735
Canara Bank : Add for 125-35-40 above 117 keep stoploss below 109
Unite Spirits (Mcdowell-N) : Stock is trading in an descending triangle and need a breakout above 590 for a sharp upmove of atleast 10% in coming days. Stoploss can be placed at 3%.
