Developed by George C. Lane in the late 1950s, the Stochastic Oscillator is a momentum indicator that shows the location of the close relative to the high-low range over a set number of periods. According to an interview with Lane, The Stochastic Oscillator “doesn’t follow price, it doesn’t follow volume or anything like that. It… Read More »
Tata Global Tata Global has formed a swing high at 153.4, stock has been falling from that level. Today’s fall it took support at falling trendline at 139. Holding the same bounceback can be expected else 130 odd levels are on cards. Buy above 142.5 Tgt 144.5,146 and 149 SL 141 Sell below 139.5 Tgt… Read More »
Century Textile Century has broken out of its resistance zone of and closed above its 50 SMA.Follow up action should be seen today and move towards next zone resistance of 327 Buy above 318.5 Tgt 321,324 and 327 SL 316.5 Sell below 312 Tgt 310,307 and 303 SL 314 Hero Moto Corp Hero Moto… Read More »
FIIs bought 14142Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 407 cores with net Open Interest decreasing by 8148 contracts. FII continued with short covering today, but still no sign of fresh longs.Accepting Loss in trading Nifty After rallying for three consecutive trading sessions, the Nifty took a breather on Wednesday… Read More »
Why the gold price has suddenly dropped so quickly? There are many opinions, ranging from conspiracy to cyclical or chart-based technical reasons. I have no idea. And I know no one who really knows. Although many people believe, to know the reason, but that’s not the same. Do you have at least a guess? We… Read More »
Last Week we discussed Technical Indicator – Stochastics An Introduction Lets discuss today how to Trade using Stochastic The Stochastic Oscillator can be used to generate Buy and Sell Signals as follows 1. Extreme Values (Overbought Oversold) 2. Stochastic Crossovers 3. Stochastic Divergences Extreme Values (Overbought Oversold) The stochastic oscillator is plotted within a… Read More »
Infosys Infosys will be declaring its results tommrow. Stock has broken its 2 months trading range of 170 points. Unable to move and close above 2856 will keep stock under pressure. Buy above 2837 Tgt 2856,2873 and 2888 SL 2827 Sell below 2803 Tgt 2785,2767 and 2745 SL 2815 Tata Steel Tata Steel is forming… 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 »