BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL...
This is weekly chart of INFOSYS on NSE (INDIA) with CMP @ 663.70. It seems to be an excellent opportunity for a long positional trade based on following observations:
1. A horizonal line on chart acted as stiff resistance during 18th April 2016 to 6th June 2016, has now turned into support as shown on the chart.
2. Support line as mentioned in the preceding...
The analysis is based on weekly chart. It looks that enough consolidation has taken place in Havells and scrip is all set to move up. In support of this view, following supportive evidences on chart have been observed:
1. In last three weeks, bears tried hard to push the price lower but it has recovered sharply forming pin bars. It is also observed that price has...
