MPHASIS range breakoutMPHASIS (NSE) has broken out of its range with heavy volume. This breakout has also happened at the 200 day moving average.
Keeping the range consolidation zone as the probable area of up trend, we can keep the target as previous resistance zone of 2450. Conservative investors can wait for a reversal and confirmation before placing a trade.
200daymovingaverage
Golden ZoneNSE:MINDTREE
200D EMA on weekly time frame support with fib. 0.618 great time to buy at the support level, keep on track.
MINDTREE Buy on dips.
Thanks...
ASHOKLEY Trendline Bounce at 200DMAASHOKLEY is bouncing off from its trendline support which and also at 200 day moving average. 121 is a resistance which if crossed would be bullish on the stock. It would make sense to start building long position with full position on daily closing above 121. We can expect a target of 135 which is the previous strong resistance on the stock with 112 as the stop.
Simple strategy for investors and long term positional tradersPresenting a very simple strategy for investors and long term positional traders using 200 day SMA and MACD to achieved good returns by riding bull run and cut losses early.
Please share your feedback and suggestions. _/\_