Reliance Industries Reliance Industries the poster boy of Stock Market has not done anything from past 1 year and if we have a look at 2 Months chart it is stuck in the range of 970 to 1070 levels and currently trading at the Upper channel. MACD in buy mode and Trades can be intiated… Read More »
Following 10 Trading Rules can be used for Trading Future,Margin Trading and Trading using Technical s. 1. Map the Trends Study long-term charts. Begin a chart analysis with monthly and weekly charts spanning several years. A larger scale map of the market provides more visibility and a better long-term perspective on a market. Once the… Read More »
ESSAR OIL Essar Oil has formed a Pennant Formation on daily charts and formed 2 Doji with less volumes also. MACD and RSI are also in Buying Mode but Essar Needs to cross and sustain the Trend line resistance at 128 levels for its next upmove. Buy Above 128 Tgt 130 135 and 139 Sl… Read More »
I would be covering the Following Stocks as my weekly technical picks SBI,DISH TV,Bharat Forge,Jindal Saw,United Phosphorus State Bank of India SBI has formed double top at 2348 levels and it is having a bearish implication.Negative divergence is easily visble in RSI. On weekly charts also stock is trading in the range of 2160-2340 Levels.… Read More »
Nifty Futures Technical View Nifty Future technical analysis for week starting 7 June is as follows As seen from the attached daily chart we did a break above 34 EMA and triggered SL for many longs also as discussed from last week Nifty Technical View 5110 was trend line resistance and above that we can… Read More »
Open Interest Hi All, The traders who are trading in F&O Space must be familiar with this term,But many novice traders might not be having full knowledge and the benefits of Open Interest.I have compiled this article to have more clarity on OI and its use in trading. What is Open Interest? Open Interest is… Read More »
LIC Housing Finance Stock has moved out of its down ward slopping channel as shown in the Chart, which means LIC Housing is up for a good amount of upside. Stocks are moving and broke the slopping channel with a good amount of volumes. RSI and MACD are showing good amount of strength, As the… Read More »
Nifty rallied almost 6% from tuesday low of 4786 and being an expiry week rallied 4 trading session out of 5. For the coming week as we can see from the Daily Chart attached we have 2 resistance visible on chart. Middle Bollinger band where we are facing resistance which is placed around 5077 Trend… Read More »
ICICI Bank After breaking the crucial 200 SMA support stock was pounded by bears and than came the BOR news which gave more reasons for bears to pound the stock.Now we are having a good support at 200 EMA .Stock held support of 810 for 2 days and looks like there is strength is emerging… Read More »
Standard Chartered Bank is issuing Indian Depository Receipts (IDRs) and hopes to raise about Rs.2,250 from the domestic capital market. This news has made waves in Market as it is first time any foreign company/bank is hitting our Indian Stock market to raise money. I was also awed on hearing the term and searched on… Read More »