BANK OF BARODA: Is now going to be handful

Hi friends, after a long gap again updating my view, this time I have come out with BANK OF BARODA, on last Friday (17/05/2013) it was closed on 740.45, now nearly at a very small supply zone, and once it will breach 746, it will rush for 863-876, but before that it may take a pause near around 788-804, above 746 it is good for long with a stop loss of 725. But personally I would like to share another view, there are another entry rather than break out entry, 728-736 is another good entry zone with a stop loss 721, confusing with different stop loss??  Well let me explain two entry.

1. Break out entry: On Monday, if it will start trading above 746, then buy there and keep the stop loss of 726, as it will then already on the break out movement.
2. Other entry: On Monday, if it is unable to cross 746 then wait for 728-736 zone, in that case keep your stop loss 721, so Monday first hour is going to be crucial for entry, track it and grab it.   

BAJAJ-AUTO: Wait and grab it, good opportunity for long.

Hi friends, last week i did not do well, three out of four stopped out and took our 1% each only OFSS has given the return of 6.5%, though accuracy was worst but account hasn't run into negative. Only relief for me. 

By the way, this week I have come out with BAJAJ-AUTO, it has a demand zone @ 1747-1795 as per daily chart, CMP 1807.5, but stop loss is too big, as per hourly chart there is an attractive demand zone of 1747-1770, therefore a stop loss of 1745 is an affordable risk, only Rs 25.00. Yes I mean to wait for take a long entry @ 1770 with a strict stop loss of 1745, for 5-7 days and for the target of 1884, 1936, 1968. Have a happy trading.

DRREDDY: Short term risky shorting opportunity.

DRREDDY: On hourly chart it has formed a negative divergence, there is a shorting opportunity for short term, but it is going to be an impulsive trading, very very risky, but an intraday or a STBT trader can act. Short on little rise around 1993-1998, with a stop loss of 2014for the target of 1953, 1936, 1917. Please avoid this trading if you are unable to track your trade until exit, like a whole timer.