Sesa Goa Sesa Goa has been in downtrend and showing signs of reversal with a move above its trendline as shown in daily Chart.MACD has triggered a buy. Buy above 279.65 Tgt 281.2,283.8 and 288 Axis Bank Axis Bank has shown a move above 200 DMA with volumes last friday.This is big positive… Read More »
Trading is an art which requires Discipline and Control your emotions.I come across many people who wants a system which generates BUY and SELL call but my friends no system in this world can put human emotions and hence your MIND is best system. Discipline and Self Control (Fear/Greed) are the best tools… Read More »
Patel Enginerring Patel Engineering has seen a breakdown from high of rs 500 to low of 133 in matter of 1.5 years.Stock has been in news for all bad reasons and corporate governace issues. Price factors everything. Now Long term Bottoms are made in times of bad news and same apply to Patel. As seen… Read More »
Dear Readers, The Site is up and running as I had conflicts with my Hosting provider. I need to move to a new Hosting provider and I have lost all the UI of site. I am working of Restoration of same and things should get normal within this week.I will keep on updating the site… Read More »
ICICI Bank Formation of Bullish WW in ICICI Bank in this scenario of bloodshed on street.Food Inflation was up marginally and all banks were punished because of fear of rate hike. Buy above 1000 TGt 1026,1049 and 1075 Sl 943 Sell Below 943 TGt 928 and 906 IGL IGL has closed below its 200… Read More »
NMDC NMDC is forming a converging triangle with trendline support and resistances Buy should be intitated only above 275 Tgt 280 and 285 DLF Limited DLF is approaching its medium term support levels @216 if broken stock will head towards 205 odd Levels Sell Below 215 Tgt 211 and 204 Buy Above 222 Tgt 226.1,228.6… Read More »
Nifty Positional Trading System As per Nifty Trading system which can be accessed by clicking on above link Nifty has generated Buy signal after Sell was generated @5998 levels. 5 EMA@ 5482 20 SMA@ 5464 MACD is in Buy mode RSI above 50 which if hold nifty rallies The same has been verified in charts,Hence… Read More »
Central Bank of India CBI is taking support at its medium term trendline as shown in charts. Weekly chart is forming Hammer and GraveStone Doji indicating downtrend is coming down Buy above 159 tgt 162.6 and 165.5 and 170 IDBI Bank The stock stalled around its 200-DMA and 20-DMA, which is acting as a stiff… Read More »
Nifty Hourly Chart Next week is expiry and accept lots of volatility in Nifty.Nifty expired at 5604 in Jan contract and any close above it in next week will make things bad for bear camp because of simple reason Bears will start coming into loss and Bulls even if gave a liitle bit of support… Read More »
Central Bank of India CBI is taking support at a rising trendline @156.65 and facing resistance @161.25 as shown on daily charts RSI is rising and giving a buy signal and MACD is in Buy zone Buy above 161.65 Tgt 163.4,116.9 Sl 160 Sell Below 159.5 Tgt 157.7 and 154.9 Patel Engg Patel Engg looks… Read More »