I hope you can now see how Gail represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed...
EICHERMOT 1D, is at 52 WEEKS HIGH now.
FUNDAMENTALS: Eicher motors posted NEGATIVE results since 3 quarters and stock still makes 52-weeks high which doesn't look sustainable to me.
TECHNICALS : stock forming DOJI on top and trend reversal may happen .
My view : Eichermot may fall and I'll short ONLY below the Low of doji.
Trgt is near 2300
It may retrace...
Coal India was near 60 Point in RSI and Starting to form kind of an uptrend. If crosses the price level of 130 Rs a higher high will be formed.
I am Planning to buy at 130 and trail at every swing low. Will take whatever market gives. My hope is it should reach price level of 150 Rs.
Currently Entry Price is 130
SL :: 120 Rs which is swing...
F U SEE THE DAILY CHART ITS A LONG ACCUMULATION BY BIG PLAYERS FROM AUGUST TO ALMOST DECEMBER START
THIS STOCK IS TRADING AROUND 60 LEVELS, ACCORING TO WHAT CHART SAYS IF IT BREAKS 70 WE CAN SEE A BLASST TILL 100 LEVELS
SL CAN BE 55rs ON WEEKLY CLOSING BASIS
A GOOD 6 MONTHS LONG CONSOLIDATION AND ACCUMULATION BETWEEN 255 - 320 PRICE RANGE, BREAKOUT OF 320 THIS STOCK CAN EASILY SEE 390/400 LEVELS CONSIDERING THE RUN IN SMALL AND MIDCAP.
I HAVE ENTERED AT 290 LEVELS BUT WILL PYRAMID MORE ABOVE 320 FOR 400 TGTS
This is a momentum based strategy which generates signals when the price moves with momentum in either direction. This strategy works well on liquid stocks. Its not necessary to close the trade as soon as the close signal is generated and one can wait for the price to move in the direction as indicated by the prior signal unless price starts to go in the opposite...
MOTHERSYMI forming wedge pattern, with position target of 129.50.
Trade according to chart. ADD near 108 - 110 ,if retraces back for bigger profit.
Right now price near trend line resistance, watch out for breakout
- the current low of 64 odd levels is higher than the previous lows
- zone of 68-71 is crucial for ONGC
given the set up, one may consider to buy for target of 78 / 82 / 93 / 102 / 114
exit if stock gives a weekly close below 60
- The view expressed here is my personal view
- Use this for educational purpose
Closing price 172
The stock has seen a stupendous rally from lows of 60 odd levels
This is our view mentioned earlier
Were we lucky to catch the bottom around 70 odd levels...???
We did book profits around 115 and again re - entered at sub 100...