Bullion Update

Bullion after giving tremendous boost to our portfolio, has corrected a bit. In an attempt to find

next possible entry level, I had tried three parameters. Surprisingly the level around

$1100 seems to be the common support level.

The Fibonacci support( Blue lines) , Bollinger Band ( Red) & Trend line (Green) seems to be

converging near $1100.

Presently Gold is around $1130, so chances of getting around the support level are more in this

week itself.

Nothing in this post should be considered as an investment advice. Readers can draw their own conclusion about the promise and potential.

Please go through the Disclaimer.

P.S : A special thanks to YashRaj for call outs feature.

Bharti & IBReal target achieved.

Bharti Airtel has achieved the 2nd target. Partial profit can be booked & remaining position can be held with trailing stop loss.

IBREAL has also acheved the first target of 226, now will wait for the second target to hit.

Stop loss has to be maintained on daily basis.

please go through the disclaimer mentioned elsewhere on the blog.

Disclosure : I am holding the positions in above mentioned stock.

Post update

Bharti( 304) has reached our first target of 300, partial booking is advisable.

Ibreal(214) also nearly reached our target of 215, again same here partial profit booking is advised.

Tata steel ( 584) racing to the target , one need to use trailing stop loss.

please go through the disclaimer mentioned elsewhere on the blog.

Disclosure : I am holding the positions in above mentioned stock.