SESA GOA Sesa Goa has made broken 100 DMA with huge volumes,Stock shall consolidate or show a small upmove till 100 DMA before starting next round of selling till it reached near 200 DMA as mentioned in charts. We can trade this stock on both upside and downside but as of now RISK to REWARD… Read More »
What is an Oscillator An oscillator is a leading technical indicator which fluctuates above and below a center line and normally has upper and lower bands which indicate overbought and oversold conditions in the market (an exception to this would be the MACD which is an Oscillator as well). What is RSI The RSI is… Read More »
ICICI Bank buy above 50 SMA which is at 938 levels for a Target of 952 and 977 Stock can also be added in Pullback near 913 SBI is facing multiple resistance around 2325 levels as indicated in chart Buy at pullback around 2300 levels for a tgt of 2348 2378 and 2432 Levels HINDALCO… Read More »
Nifty charts had formed continuous Hammer Patterns on the chart. Hammer candlesticks are formed when a security moves significantly lower but bulls retraced back from those lows to reach near the open. By day end buyers were able to push prices back to the upper range creating a short body candle with a long shadow.… Read More »
Nifty Weekly Technical as we can see in daily chart Nifty is stuck between the Range of 5202 on downside and 5342 on Upside.So as of Now it did not Break this range Nifty Traders should use this range to Buy at Lower end of Range and Short at Higher End Of Range. Nifty Resistance:5342… Read More »
ICICI Bank Attached is the Daily Chart of ICICI Bank as Observed from the chart Stock has taken a multiple support at 913 levels and than staging a rally.Stock has formed a DOJI pattern as on Friday and also facing resistance at its a trenline,Forming a Falling Wedge Kind of Chart,If stock Breaks the trendline… Read More »
Hi All, I was planning to Buy some Mutual Funds for My Financial Planning ,But i thought as market is High will it be Right time to invest in Mutual Funds via Systematic Investment Plan (SIP) than i came across an Interesting term and a vital tool which can help us all in our Financial… Read More »
Sugar Stock have been in news off late with all wrong reasons and have been hammered like anything,But every thing has a botton and i feel technically Renuka is ready for a Bounce small bounce.Lets have look at the technical set up of Renuka Sugar. As marked in Chart a Blue colored area where Renuka… Read More »
Hyderabad Industries: Stock is in a trading range and Friday rose with volumes,Oscillators are showing Momentum play is in action Buy above 653 Tgt 663 674 and 682 SL 616 JP Associate: Stock closed above 200 DMA and broke above its trading range and volume action is fueeling its way towards higher indicator,As indicated in… Read More »
Came across this interesting article Sharing with all of u. 1. Forget the news, remember the chart. You’re not smart enough to know how news will affect price. The chart already knows the news is coming. 2. Buy the first pullback from a new high. Sell the first pullback from a new low. There’s always… Read More »