Maruti Udhyog Maruti has been trading in the range of 907-1008 from past many trading sessions. Yesterday it made an attempt to close above 1010 but supply pressure came on higher end. One positive thing close above 50 SMA @972 is positive for the stock in medium term Buy above 1010 Tgt 1020,1036 and… Read More »
State Bank of India SBI we have covered it 2 days before as a breakout trade above 1710 Stock made a high of 1776 and now profit booking is advisable. Stock is approaching its trendline resistance as shown in above chart. Resistance are never broken in single attempt. Sell between the range of 1776-87 keep… Read More »
SBIN SBI the banking behemoth has shown a breakout yesterday and today we need a follow up action. As shown in above chart clear cut break of trendline but stock need to close above 1710 to confirm breakout. Buy above 1710 Tgt 1724,1746 and 1771 Sell below 1685 Tgt 1664,1637 Reliance… Read More »
When a position is getting ready to stop you out at a loss, do you find yourself bargaining with the name? Do you find your frustration level rising? Do you justify the reason for the move against you, and give it a little more room, only to get stopped out at a bigger loss? Or… Read More »
Rule One of the professional trader is: When a stock doesn’t do what you expect it to do, sell it. No hesitating, no questions or doubts raised no conjectures of the way it should have turned out, or might still turn out, no dreams of how it will do what it was supposed to do… Read More »
“The best traders don’t think about how many millions they need to make each year. They focus on making the best trading decision they can with each trade they make. And if there isn’t a good trading opportunity right now, they have the discipline to do nothing and just wait. Concentrating on one trade at… Read More »
The greatest fault of ninety-nine out of one hundred active traders is being bullish at high prices and bearish at low prices. Therefore, refuse to follow the market beyond what you consider a reasonable climax, no matter how large the possible profits that you may appear to be losing by inaction Bank Nifty Bank… Read More »
SBIN SBIN closed near its resistance of 1633. Banking stocks have corrected in range of 30-70% in past 2 months on concerns of credit growth. Banking are the front runner of economy and hence they are one to lead the fall or rise in Nifty. Looking at chart of SBI selling pressure has abated… Read More »
Maruthi Udyog Maruti is forming descending triangle formation with support at 911.Break of 911 will lead to further weakness in Maruti .Close below 910 will lead the gap filling of May 09. Gap is present from 848-910,Close below 910 expect the stock to move till 848 within this week. Sell below 910 Tgt 900,894,877… Read More »
Today 30/12/2011 is the last trading day,Once the day gets over try to spend atlesat 1 hour to analyse your trades done throughout the year. Losses Made — Learn from them instead waning why the loss happened and promise not to repeat those mistakes again Gains Made — Learn from them and try to repeat… Read More »