H all, u must be remember our technical analysis video about Patni, it had stated that buy Patni only above 304 and u all know that Patni have not gone above 304 in last week.
But it has made good come back after touching 278.50 on last friday, and it seems to break above its 50 DMA and EMA today if closing above 300 level. Volume indicator is also conforming breakout on upside in Patni.
Aggressive traders can take long position in Patni at this level ie 293-294 with strict stop loss below 278, short term target will be near 310 and wait for 340 level for medium term target. And if anyone want to trade with strong conformation, he can buy this counter only above 301. In that case stop loss will be 288 only on closing basis and targets are 340 and 360.
See syllabus for Technical analysis training in Mumbai,India.
Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html
But it has made good come back after touching 278.50 on last friday, and it seems to break above its 50 DMA and EMA today if closing above 300 level. Volume indicator is also conforming breakout on upside in Patni.
Aggressive traders can take long position in Patni at this level ie 293-294 with strict stop loss below 278, short term target will be near 310 and wait for 340 level for medium term target. And if anyone want to trade with strong conformation, he can buy this counter only above 301. In that case stop loss will be 288 only on closing basis and targets are 340 and 360.
See syllabus for Technical analysis training in Mumbai,India.
Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html
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