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 »
Raymonds Raymonds have a excellent trade set up with good risk to reward ratio. Stock is oversold on daily charts and trading at lower end of trading range @321 as yesterdays fall was with negligible volumes as compared to previous trading sessions. Buy above 327 Tgt 334,339 and 345 . Reliance RIL has… Read More »
As traders try to improve performance, the one piece of knowledge that is often overlooked, is self-knowledge. Most traders would benefit by simply focusing on doing more of what works and less of what doesn’t, which sounds obvious, but the reality is that most do just the opposite. Learning to identify which behaviors work and… Read More »
Polaris Software Polaris Software took support at 114 -115 range which is the lower end of trading zone. Volumes were less than average on a declining day, so which shows lack of interest of traders to break the range. Bounce Back can be expected as Polaris held its low. Buy above 116.7 Tgt… Read More »
Bank Nifty Bank Nifty will continue its upmove and will face resistance at 8585 levels. Move above this will take Bank nifty to8685.Stoch has generated a buy. Buy above 8430 Tgt 8480,8513 and 8585 Sell below 8288 Tgt 8210,8160 and 8100 Reliance Industries RIL is approaching its trendline resistance and 20 SMA @762.… Read More »
In the trading world, you will either make money or lose money on any given trade. All that matters in the end is making more money when you’re right than you lose when you’re wrong. Knowing this, traders have learned to accept failure as part of the game, but they also use the information they… Read More »
Winning Trader’s Traits Calm,Disciplined,Confident,Organized,Excellent recordkeeping,Business like approach,Professional demeanor Losing Trader’s Traits Emotional,Undisciplined,Anxious,Disorganized,No recordkeeping,Wants action & excitement,Amateur demeanor Now you decide which Traits you are having and which one you need to develop. Bank Nifty Bank Nifty after long time will see green uptick on the screen with 7711 saved for the time being.… Read More »
Tata Motors Flag Patter formation with repect to lower trendline and formation of higher lows make the stock technically strong and bullish in extreme short term. Telco has been outperforming Nifty on relative terms. Buy above 180.2 Tgt 183 and 187 Axis Bank Axis Bank has seen waterfall decline in past few… Read More »