The stock has reached the last stand for buyers, any close below 290 and sustenance below it will push the stock into bear grip. The RSI is oversold and it can remain in oversold condition in bearish condition for extended period. Any pullback may provide shorting opportunity if weakness persists.
MACD appears extremely oversold and at the same time there is a AB=CD formation on EURUSD. We may see a retracement to the neckline (of the broken H&S) which is around 1.0980-1.10, which can be a great shorting opportunity from a medium term perspective.
Ashok Lelyland which is heavy and light commercial strong company which is fundamentaly strong company but its share prices are decreasing due to fall in auto sector.But now Ashok Lelyland has gone into oversold zone and is undervalue. As the earning season has started its time to buy Ashok Lelyland. It is expected that Ashok Lelyland will increase today put the...
This is weekly chart of GLENMARK on NSE (INDIA) with CMP @ 665.55. It looks a good opportunity to take a long position in the scrip based on following observations:
1. Support zone has been marked on the chart where price has taken support multiple times in price band of 505-602. Now, the price has come out of this band indicating reversal.
2. It is also observed...
This is weekly chart of MINDTREE (CMP @ 834.60) on NSE (INDIA) which looks good for a long trade based on following observations on the chart:
1. A horizontal line drawn on the chart has acted as resistance during April 2015 to Jan 2018 till price broke out of it on 19th Feb 2018 (marked by arrows). Now, the resistance line has turned into support as indicated on...
This is weekly chart of LT on NSE (INDIA) with CMP @ 1295. It looks good for a long trade based on following observations:
1. Trendline drawn indicates that it has been tested thrice which establishes as strong support (shown with arrows on chart).
2. Similar formation in previous occasion in Jan 2017 as marked on the chart that it's likely to behave in similar...
This is weekly chart of TATAELXSI on NSE (INDIA). It looks good for a long trade based on following justification (CMP @1036.65):
1. Refer the trendline drawn on the chart which has been tested thrice shown by arrows which establishes it as good trending support.
2. Prior to rising this week, it has consolidated for two weeks. Also a bull horns may also be...
5 DAY TRADE IN YESBANK
MARKET WORKS IN GODLY MANNER NO ONE CAN IMAGINE
THE DOWNFALL FOR WHAT REASON AND WHERE THIS PANICK
SELLING CAME FROM
I AM A PROFESSIONAL TRADER TRADING
IS MY BREAD AND BUTTER
THIS CALL IS NOT FOR LIGHT HEARTED ONES
PLS NOTE THE TRADE IS LOOKING FOR IMMENSE
SHORTCOVERING IN THE EXIPRY WEEK
SO WATCH OUT BE CAREFUL
I AM LIKELY TO SURVIVE...
POSITIONAL TRADE ON YESBANK
BUY THE DIPS ONES THE NEWS OF RANA KAPOOR IS
FACTORED WE WILL HAVE A SHORT COVERING RALLY
GOOD ENTRY LEVELS