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 »
IRB IRB share value is approaching its long term falling trendline resistance, Stock has formed a base around 112 odd levels . Stoch is approaching 80.6 and unable to cross the 80.6 Stoch indicator can form a double top and lead to pullback in stock till 115. IRB share is also approaching cluster of long… Read More »
DLF DLF which we covered few days stating till stock is unable to close below its 50 DMA stock is buy on dips, Stock rewarded the readers with an 15% rally in 6 trading session from low of 250 to 288. Stock is approaching its rising trendline at 290,short term traders should lock in profits… Read More »
Hero Honda Hero Honda share has been trading in downward channel,yesterday hit the top of channel. Share was unable to cross and close above the falling trendline indicating rise was backed by short covering only. Buy above 1726 Tgt 1742,1753 and 1768 SL 1713 Sell below 1695 Tgt 1681,1676 and 1667 SL 1700 Bharat… Read More »
Colgate The share price of Colgate has been in downtrend after making a life high of 1578 For the past few days, the stock has been trading in downward channel and has bounced from channel support 1254 with High volumes.From past 3 days stock has been forming higher highs and is at channel top from… Read More »
General Budget will be presented by Finance Minister P Chindbram on 28 Feb.Budget is one of the most awaited events from stock market perceptive.We see Nifty trading in wide range of almost 150+ points and volatile moves will be seen. As most of retail investor will prefer trading the Option Route to trade ( They… Read More »
If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are bigger waves, some are smaller. But if you try to push the wave out when it’s coming in, it’ll never happen. The market is always right. ICICI Bank ICICI… Read More »
Keep your technical systems simple. Complicated systems breed confusion; simplicity breeds elegance. There are some things we can control as traders and some things that we can not. We need to learn the difference to limit our frustration and win in this game. OFSS OFSS bounced back sharply from its 200 DMA,and formed a… Read More »
Sun Pharma Sun Pharma has been rising, once the company decided not to buy TARO. Stock has ben respecting its long term trendline rising steadily.Sun Pharma is forming an Inverse Head and Shoulder pattern with neckline at 776. Pattern gets active above 776 only and target comes around 850. Buy above 776 Tgt 782,791 and… Read More »
SBI SBI has been falling relentlessly from 2535 till 2276, As discussed on 29 Jan unable to cross 2550 SBI can start short term decline, Stock took support at 2420 levels for 3 days as soon as closed below 2420 downside breakout happened with a quick decline till 2276. SBI is now at important support… Read More »