Reliance Reliance Industries has taken support its demand area of 760 range and as shown a pullback on Fridays session. Stock is forming a big descending triangle with trigger point closing below 760,On Upside 782 leads to breakout with minimum target of 800. Buy above 782.5 Tgt 786,791 and 800 SL 780 Sell below 776… Read More »
Tata Motors Tata Motors has been under bear pressure as soon it broke 280, stock has been trading below its 200 DMA for 3 days now, Stock has taken support at previous gap of 254 .254-55 range has been demand zone for telco stock has pulled back sharply from this zone. Buy above 259 Tgt… Read More »
Gold and other commodities showed intense selling yesterday when Fed reserve member gave hint of Fed bond buying program can wind up if US keeps on improving. Gold is near a crucial 2 year support of $1526 and Silver near 26$, break of which can intensify technical selling. Lets analyse the technical chart of both… Read More »
For the reference of readers the performance sheet for the Month of April/March Expiry has been updated, can be accessed from http://tradingsystemperformance.blogspot.in/ . Calculation are based on trading with 1 lot of Stock Futures Rs 100 is deducted as Brokerage and Taxes M&M M&M share is near crucial support of 200 DMA @841. Stock has… Read More »
For the reference of readers i have made the performance sheet for the Month of March Expiry, can be accessed from http://tradingsystemperformance.blogspot.in/ . Calculation are based on trading with 1 lot of Stock Futures Rs 100 is deducted as Brokerage and Taxes DLF DLF share we analyzed on 25 March stating bottom should be made… Read More »
Reliance Reliance share has broken its medium term trendline and stock gave waterfall decline 823 to 764 in 3 trading sessions. Stock has come near its demand zone of 764 and bounced back sharply in last trading session.Stock is also trading below its 200 DMA which gives bearish indication for short term. Sell below 771… Read More »
Tata Motors Tata Motors after making the swing high of 311 has been falling like 9 pins with rest of the market. Stock broke it all important support of 280 and is now near its important support of 200 DMA, which stock has been defending from past 3 trading sessions.Holding the same pullback can be… Read More »
IDFC IDFC has taken support at its medium term trendline and has given a strong pullback in a weak market.As per Gator oscillator, Green Bar is formed which signify Alligator has woken up and is ready to eat, Stock will continue its pullback once it closes above 145.5 Buy above 144.2 Tgt 145.2,147 and 148.4… Read More »
SBIN SBI has been following classical technical analysis support becoming resistance, as shown in above chart, rising trendline which was supporting the upmove is now acting as resistance, stock is showing pullback as soon as it approach the trendline. Stock is also near its 200 DMA @2188 and bounced back sharply. Any close below 200… 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 »