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 »
Why Banks are tanking today, This Video is the answer
JSPL JSPL share value has been on a firm downtrend trading firmly in downtrending channel, formed a bullish engulfing pattern on Fridays session. Continuation of the rally will come if its able to close above 370. Buy above 371 Tgt 374,378 and 382 Sl 369 Sell below 366 Tgt 362,360 and 355 SL 369 … Read More »
Bears after ruling the Dalal Street from past 5 weeks got a knock out punch from Bulls as they were able to rally 4% . Dow Jones at Life time high, Europe at 2008 High and Japan above 12000 propelled the risk on rally and nifty also rallied with its peers. Week ahead promises to… Read More »
A Chart Pattern is a distinct pattern formed on stocks/commodity chart which help in identifying the future price movements. Chart Patterns are broadly classified in two types: Reversal Patten: This pattern signals the previous trend will reverse upon completion of this pattern. Eg double top, Double bottom, island reversal, rounding bottom, Descending triangle Continuation Pattern:… Read More »
Infosys Infosys share has been on a roll after its Q3 results, stock is one of the biggest gainer in Nifty in past 2 months,gaining 27% till date. Stock is approaching a crucial resistance zone of 2980-2994, where the share has shown pullback past 3 times. Negative divergence are clearly visible in daily charts so… Read More »
Share Pledge by Promoters term have been making headline on Blue channel and news paper after the atrocious and devastating fall we saw in Mid caps in last week of February. It began with Sell off in couple of mid caps shares in last week of feb spread as a contagion to many other stocks… Read More »
Hindalco The share price of Hindalco has been in downtrend for more than 2 month.Hindalco made the high of Rs 137 and low of 94 ytesterday. Stock bounced back 4.5% today but with low volumes as compared to last few trading sessions showing rise was backed by short covering only. Share is trading in downward… Read More »
Bank Nifty Bank Nifty made high of 12954, the day RBI reduced CRR rate and have been on declining mode from that day. Indian Current account deficit at record high, GDP lowest in almost 8 years and bad loans growing at rapid pace suggesting financials are in good health and same is reflected in benchmark… Read More »
1. FIIs sold 9117 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 263 cores with net Open Interest increasing by 4955 contracts. Techniques to Increase Trading Profits 2. As CNX Nifty Future was up by .55 points with Open Interest in Index Futures increasing by 4955 so FII again intitated shorts … Read More »