Stock is locked in a trading range of 1220 and 1300 and currently at the bottom of trading range,Positive Divergence is observed in RSI. Trading Levels: Buy above 1240 for a tgt of 1255 and 1265 Sell below 1215 for a tgt of 1205 and 1189
Educomp Solution: The top five holdings for Goldman Sachs Invest Mauritius were LIC Housing Finance , Lanco Infra, CESC, United Phosphorus and Educomp Solutions. GoldMan Sachs was in news for Wrong Reason and we can see a selling on the Scripts Held by the Company. Educomp Solutuion is showing good support at 100SMA,which i belive… Read More »
Double Tops: A double top is a reversal chart pattern which is defined by a chart where a Stock makes a run up to a particular level, then drops back from that level, then makes a second run at that level, and then finally drops back off again. In its most basic sense what the… Read More »
From Saturday night Royal battle is on between two of the biggest regulatory authorities of India – Securities and Exchange Board of India headed by CB Bhave and Insurance Regulatory and Development Authority (IRDA) headed by J Harinarayan over Unit Linked Insurance Plans (ULIPs) What Happened? SEBI shocked the industry by banning 14 of the… Read More »
HDIL is showing good strength with the increase in volumes and stock is showing trend line resistance,around 308 and 200 SMA lies at 312 So if the stock closes above 312 it can rally till 315 318 and 328 which is 100 SMA.
Coming week will be a a crucial week for markets, as IIP-data for Feb.2010 will be announced on Monday 12th Apr, consensus estimate is 15.75% as compared to 16.7% previously. Lower IIP for feburary could prove to be a dampner. Following day on Tuesday 13th Apr, IT major INFOSYS will kick-start earning season for Indaian… Read More »
Stock Closed above 100 MA for 3 consecutive weeks and closed above its trading range as shown in the chart above,Stock went above the congestion zone with good volumes and now to confirm it has not made a fake breakout, Buy the Stock above 526 for a target of 540 and 565 Support for the… Read More »
Hi All, i have added Nifty and Stock Charts as a part of this Site.All the Real Time Charts of World and Advance Decline Pivot will come under the umbrella of this site,Blog will keep on running http://www.brameshtechanalysis.com/index.php/charts/—- All Charts at one Place Related Reading: Trader’s Blog Rgds, Bramesh
Stock is showing consolidation pattern and should be geeting ready for a next upmove. United Spirits is showing good support at its 50 SMA as shown in charts,showing support around 1330-40 levels.Its is not breaking a certain level in such a weak market shows it has been accumulated by investors and traders. RSI and CCI… Read More »
Public Provident Fund (PPF) PPF is a long-term, government-backed small savings scheme of the Central government started with the objective of providing old age income security to the workers in the unorganised sector and self-employed individuals.The Public Provident Fund Scheme is a statutory scheme of the Central Government of India. The PPF scheme is operated… Read More »