HDIL HDIL has bounced from its trendline support.If it is able to cross its swing high of 122.75, stock is all set to touch the upper end of trendline at 128. Buy above 121Tgt 121.9,122.7 and 125.7 Sell below 117.7 Tgt 116.85,115 and 113 ITC ITC has broken its long term trendline,Stock gave a… Read More »
SBI SBI has been on a rally mode from 2050 levels, With recaptlization of banks with 12K cores news stock formed an DOJI pattern suggesting news arrival can be reversal for stock in short term.Previous support of 2562 will act as resistance now,Range of 2562-2571 will be diffcult to cross and pullback should be expected.… Read More »
Infosys Infosys the IT bellwether will be coming with its results tommrow before market opens. Stock has rallied in expectation of good results from series of bad results in past 3 quarters. Technically a symmetrical triangle formation is seen with resistance at 2380 and support at 2323. Buy above 2346 Tgt 2367,2380 and 2410 Sell… Read More »
PFC PFC is near its supply zone of 213-215 range. Negative divergence has shown in indicators.Close below 209 which is rising trendline support will confirm the reversal. Buy above 212 Tgt 213,213.9 and 215 Sell below 208.7 Tgt 207 and 205 BHEL BHEL is near its long term trendline resistance of 244. Stock is… Read More »
Opportunity does not travel on any schedule, you have to watch for it Trader’s job is to wait for an opportunity that can deliver explosive profits. Hence, this is a business of patience (waiting for a good opportunity). Few good trades in a month are all that one needs to make big bucks. Trying to… Read More »
One technical indicator one should always ignore: overbought and oversold. It generally has very little relevance. The best strategy – one should always have an open and neutral mindset all the time to take advantage of market opportunities SBI SBI broke 2238 made a rally till 2407 and pulled back.Now Resistance will become support so… Read More »
Market (Read boss) is always right, no matter how illogical he/she may sound. Never fight with the market. The price on the screen should be the guide, and not the price in your mind. Always have healthy respect for the market and never keep your focus away from the goal – TRADE WELL. Markets can… Read More »
In the world of stock trading there are Master Traders who have control over their emotions and then there are the Gambler traders who buy and sell based purely on emotion whether they realize it or not. A Master Trader combines the skill of a chess player who anticipates an opponent’s moves and plans his… Read More »
Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader. PTC PTC is showing very bullish sign as it took support at 71.5 which is support of rising trend line.… Read More »
Remember, Trader is a Chowkidaar. He is paid to watch and not think. So, don’t apply your brains when you are not supposed to. Trade what you see and not what you think. Always approach market with open and opportunistic mindset. Remember, the disbelief comes from thinking. Please try to see the market as it… Read More »