Reliance Industries Reliance Industries made high of 955 on Q3 result day and has been falling relentlessly till 800. Stock has broken its medium term trendline as shown in above chart. As per classical TA Support has become resistance and stock is unable to cross the trendline as seen in today’s trading session when stock… 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 »
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 »
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 »
Larsen and Tubro LT will be coming out with its results today.Stock has formed a DOJI pattern yesterday with support coming at long term support trendline at 1545, but on flip side stock is trading below its important moving average. Today result will give the jury out on further moves of the stock. Buy above… Read More »
1. FIIs sold 1132 Contracts of Index Future (NSE Nifty Futures and Bank Nifty Futures combined),worth 33 cores with net Open Interest decreasing by 3610 contracts.Are you a professional stock trader ? http://bit.ly/Wajuk7 2. As CNX Nifty Future was down by 34 points with Open Interest in Index Futures decreasing by 3610 so FIIs again… Read More »
Fear – To make money in trading you must be willing to take some risk. The more you are scare of losing money the more likely you could lose. Bullish won’t dare to buy, bearish won’t dare to sell. Got profits quickly take and only 100% sure win then trade. A little bit of cautiousness is… 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 »
CIPLA Cipla has been trading in a small range of 413-429. Buy Support Sell resistance should be the strategy. Buy above 425 Tgt 427,429 Sell below 423 Tgt 421,418 and 415 Godrej Industries Descending Triangle formation with resistance at 330, Unable to break the same pullback will be seen. Buy above 332 Tgt 336,341… Read More »