Trade Explained in chart
Buy for 215-220 target SL below 135 CBSL FOR EDUCATIONAL PURPOSE ONLY
catch if falls near 135-140 levels (CMP 169.85) you may place bid at CMP as well ..no harm P.S. Stock moves in circuit
Long term bet, add on dips, Expect huge upside in coming years EDUCATIONAL purpose only
trade explained in chart posted for my learning purpose, not responsible for any financial loss
Trade explained in chart
NS gave today 2 closes below the 2 and 5 SMA indicating the trend reversal. This got confirmed with the stochastic going below 80 and the MACD histogram opened below 0, though the signals are above 0 but crossed over. All these indicate the bears are in action and holding their ground. The 11900 target was given as early as 11 July 2017 and the trend reversal...
Sun Pharmaceuticals (NSE:SUNPHARMA) Sun Pharma can exhibit a further upward move from here as shown in the chart. 700-730 is an important zone and breaking that will lead it too much higher levels.
Background- Now days as nifty is making new highs, most of my friends usually tells me that market is going to crash similar to 2008 as valuations are too high(PE is above 28). So my answer to all of them is, Market by its nature goes up & down but PE 28 is not the criteria of a bubble in market, market usually runs according to economic/business cycle. so there...
Trade explained