Bullish Flag Pattern BreakoutA bull flag is a sharp, strong volume rally on a positive fundamental development, several days of sideways to lower price action on much weaker volume followed by a second, sharp rally to new highs on strong volume. Target can be 3-4% from 3470 sl should be at 3395-3400
Dear All, Hope all of you had a rocking week and made good profits in BOth options and Equity Calls While my personal favorite being option in which we again made 100% in 3400 CE. We are holding a High Risk Call 3400 PE @30 Lets see how it spans out. Coming to next week… Read More »
Grasin Achives the Target of 1725 made a high of 1832 today http://brameshtechanalysis.blogspot.com/2009/04/grasim-industries-technical-charts.html Rolta Does 80 in this week only http://brameshtechanalysis.blogspot.com/2009/04/nifty-and-stock-specific-trading-ideas_19.htmlTata Elxsi High after giving call 113 http://brameshtechanalysis.blogspot.com/2009/04/technical-analysis-of-tata-elxsi.html Maruti Shorts also rocked http://brameshtechanalysis.blogspot.com/2009/04/maruti-technical-charts.html Regards,Bramesh9985711341
KFA is forming Tripple Top and today’s rise was accompanied by good vols so if it crosses 42 we can see 46 very easily than move to 52 also.
Must Read for Traders and Investors Most finance textbooks emphasise the virtues of diversification: by diversifying your investments you can minimise your losses. But a high degree of diversification also ensures only average investment performance. The maestros of the investment world have all made their money by playing the game differently. Unlike the small investor… Read More »
That said, I’ve seen this movie before and I know how it ends. If the rally continues (BIG IF), the next leg is going to be characterized by mind-blowing moves higher from some of the ugliest stocks on earth. You have to look at a bear market rally like you look at a drug addict.… Read More »
Grasim Industries is trading in a small range from 1575 to 1675 in past few trading Session Today it took support at 20 EMA and closed at 1604,Now it faces resistance at 1675. So longs can be intiated with a tgt of 1675 with a sl of 1559 and if 1675 breaks it opens gate… Read More »
The Sensex is retracing to test the new support level at 10500. Respect would confirm the reversal to a primary up-trend. Twiggs Money Flow (13-Week) bullish divergence offers further confirmation. The target for the breakout is 12500, calculated as 10500 + [ 10500 – 8500 ].
An Interesting Article By Brian Perry, Investopedia In almost all instances, the root cause of a financial crisis is an asset bubble. But how does this bubble form, what finally causes it to pop and how can investors profit before it goes bust? In order for a market to attain the excessive valuations necessary to… Read More »
Hindalco Industries has formed a rising Wedge pattern and corrected from a high of rs 64 and is now trading around 55 Longs can be intiated with 52 as SL for atgt of 59 and 64