This is Insane, People loosing 7-10% of capital on Life saving with just one executive decision by Cyprus Government …..Cash machines on the island have already been reprogrammed to print out a warning of the so-called “stability levy” which will see 6.75 per cent extracted by the Cypriot government from every bank account on the… Read More »
M&M M&M stock has been outperforming Nifty and its Auto peers. Technically stock is near its important rising trendline support of 932 coupled with negative divergence in leading indicators.Continuation of this upmove is only above 935, below this pullback till 901 is expected in short term. Buy above 935 Tgt 940,946 and 952 SL 931… Read More »
The RBI’s Fourth quarter monetary policy meet scheduled for the 19 March will also be keenly awaited by investors and traders. As CPI climbed 10.9 per cent in February from a year earlier, compared with 10.8 per cent in January, it has raised concerns about the extent of rate cut by the central bank on… Read More »
In Continuation with Last week article of Trading Stocks with Symmetrical Triangle’s Chart Pattern lets discuss another triangle pattern Ascending Triangle Pattern Ascending Triangle: This pattern comprises of 2 trendline, one drawn horizontally to mark the resistance, second trendline connects increasing slope of higher low. It is generally a continuation pattern formed during consolidation after… Read More »
Edward Arthur Seykota is a commodities trader who pioneered Systems trading by using early punched card computers to test ideas on trading the markets. He famously said: ” Systems don’t need to be changed. The trick is for a trader to develop a system with which he is compatible.” Below are the points he has… Read More »
SBIN SBI made the high of 2236 on budget day which was exact its rising trendline resistance as shown in above chart.SBI made a low of 2051 and than having a slow and steady rise.Stock is approaching a crucial resistance region of 2263-2284 which needs to be watched closely . Buy above 2262 Tgt 2284,2300… Read More »
Filtering of Noise is one of the most important characteristic of trader as discussed in Successful Traders Secret Mantra today was the test, Rumors of Scam in Banking Sector, panic selling in Stock market formation of panic bottom and a rally. 1. FIIs bought 1445 Contracts of Index Future (NSE Nifty Futures and Bank Nifty… Read More »
Today again we saw the volatile swing in market, going down on bad news making a panic bottom and than rising during the second half of session. Traders trading without a trading plan and not having proper discipline are bound to looses in such market, as they are unable to change the sides quickly end… Read More »
Why Banks are tanking today, This Video is the answer
ICICI Bank ICICI Bank broke its medium term trendline on Budget day formed DOJI candlestick for 2 days and rallied with rest of market in 1 week of march,formed resistance at 50 DMA and gave a pullback.Stock is trading near to its trendline support and tommrow session will be litmus test for the stock. Sell… Read More »