Technical chart of Yes Bank

Yes Bank is hovering near the Strong Resistance of 376-378. Last few candles formed on weekly charts is spinning top, hanging man & shooting star.

It seems Yes Bank should correct from here by 40-50 rs.  keep watch on the same for shorting. One can keep SL of 380 on closing basis

Note: Please do your own study before investing. Recommendation here is just for study purpose.

Positional Calls for April 2012

Hi All,

After a long pause, I am re-starting posting of my technical study here. I will be giving positional calls here which should be hold for a period of 20-40 days

1) Delta Corp: One should buy above 73 on closing basis. Target 82 in short term.

2) Bajaj finance: It has given a channel breakout above 825 on weekly chart. one should buy on dips at 820-830 for a target of 980+

3) Prime focus:Right shoulder seems to be in formation. Also, it has given a channel breakout on short term charts. One can buy here around 46 for a target of 55-58

All the above recommendations are my personal views as per technical study. Please do you own research on these stocks before buying.-