ABAN Offshore Aban Offshore is near its long term trendline and qualifies for a short term buy if it is able to break the trendline resistance of 915 on upside.Volumes are on higher side and RSI indicator showing strength which is trading abovr 50 Buy above 915 Tgt 924 and 936( 943 which is 100… Read More »
Article from “Trading in the zone” by Mark Douglas If technical analysis works so well, why would more and more of the trading community shift their focus from technical analysis of the market to mental analysis of themselves, meaning their own individual trading psychology? The most likely reason is that you’re dissatisfied with the difference… Read More »
Kalyani Forge Kalyani Forge has made a move of 36% in 2 days on a stupendous volumes.But if you see the chart closely you can see that Stock stopped just at Rs 246 where it had a resistance previously.Now Stock has made a double top and looks like it will take a breather before making… Read More »
Markets had run up almost 10% in fast 12 trading sessions and now most of people are confused whether to Buy Call or Puts. I here by discuss few Option Strategy which can come Handy in this type of market. Generally these combination strategies are used primarily in case of two scenarios, one when you… Read More »
Nifty Technical for Week Starting 2 August Nifty Closed the Lasst week in red loosing 131 Points and taking support on 5 Week EMA on weekly charts as i have pointed in the chart above.5350 Levels on Nifty has proved to be a good support in past few trading sessions and a break and sustained… Read More »
Hi All, I found a small utility for Real Time Data Feed to Amibroker Supports Both Yahoo Finance and Google Finance. You can find the alternative from Free Amibroker Data RTDF is a light weight executable ( neither .Net nor Java) developed using C/C++. The demo release is free with two months validity and without… Read More »
IVRCL Infra Stock has fallen from 195 to 175 in a matter of few trading sessions. Now it is at a crucial junction of 200 SMA which can define between its bull or bear terrotary. Volumes are not much in the fall and can see a short covering on this expiry Buy around 176 Tgt… Read More »
Today was RBI policy meet and a Hike of 25 bps in repo and reverse Repo Rate.I have complied the following to give my readers who have no idea about these rates and there impacts. What is CRR? Cash reserve Ratio (CRR) is the amount of funds that the banks have to keep with the RBI.… Read More »
Indian Bank Stock is trading in parallel channel and is now touching upper trend line channel as shown in chart.Stock can consolidate in coming few trading seesions and than make an up move to break the channel with the rising volume. Buy the stock on pullback near 246 where 5 EMA Lies.RSI is above 70… Read More »
Buy Nalco above 439 Tgt 443 and 447 Trendline Breakout on cards