As discussed in US Dollar at 3-Year High, Whats next With the strong USD Silver and gold will be under pressure.Silver brokes its 2013 low today morning and Gold is heading towards its 2013 low of 1321, Currently trading at 1346$. Lets discuss the weekly price forecast of gold, silver and crude. Gold Weekly Chart… Read More »
SBI SBI is trading near its trendline resistance as shown above and formed a perfect DOJI candelstick near the top. Negative divergence is visible in RSI and Stoch. Bulls need to take caution. Buy above 2444 Tgt 2462,2487 and 2509 SL 2434 Sell below 2412 Tgt 2400,2388 and 2370 SL 2424 Tata Motors Tata… Read More »
Last Week we gave Bank Nifty Trend Deciding level as 12800 and it did 2 target on downside and achieved all upside targets. Bank Nifty has made a fresh lifetime high of 13355 and closed above its previous life time high of 13303 on Nov 2010 As discussed in Nifty Weekly Analysis, Nifty gave a… Read More »
Last week was one of the most dramatic week in recent time with Sensex plunging 400 points on Monday and recovering and positing a spectacular 500 points rally and closing Market above 28 week high. Standard and Poor affirming India’s sovereign rating at BBB- and saying that there was one in three chance of a… Read More »
As discussed last week USD INR has given a breakout above 53.84 and closed above the breakout level for 1 week. S&P negative outlook and rising current account deficit add more pressure on rupee. Lets analyze USD INR technical for coming week. USD INR 4 Hour Chart USD INR 4 hour chart has broken out… Read More »
Many traders I have interacted with every first question comes up “Bramesh What is Risk to Reward Ratio your system gives, I ask what is your expectation most of amateur will answer at least 80%.” I just smile and try to explain the why traders looks for such rosy percentage. We just need to understand… Read More »
USD has surged to 3 year high as market rumors are going Fed will cut down on QE in coming months. USD is trading at 84.393 highest level sinse July 2010.Lets analyze technically how long can the move last. USD Hourly Chart As per hourly charts USD is trading above its Fibo channel line and… Read More »
Its an well known adage in Stock market “90% of trader lose money, 5% are at breakeven and only 5% are highly profitable trader”. So trading seems to be highly profitable profession if you are in top 5% but its a loss making profession for remaing 95%. So let me discuss few characteristic of Bad… Read More »
Nice presentation of Gold fall which we have seen, Click on Image to enlarge.
Reliance RIL closed above its 200 DMA with bullish engulfing pattern, Stock once its crosses above 845 can see a breakout move till 870 in short term. Buy above 844 Tgt 849,855 and 861 SL 841 Sell below 833 Tgt 828,825 and 822 SL 836 JP Associate Buy above 81 Tgt 82.1,84.1and 86 SL… Read More »