Look out at Alok Industries. NSE:ALOKINDS
The stock closely follows the RSI. Their graphs are almost identical!
Assumption the sellers use the RSI indicator extensively and sell as soon the as the RSI goes above 70.
It is suggested to follow the RSI to long/short or buy/sell this stock.
A great opportunity to buy Vasco Engineers. NSE:VASCONEQ
The stock is imitating the RSI movement approximately. As RSI is above 70, the holders are expected to sell the shares now.
Bolligner Bands also support the assumption.
ATR of 0.96, so should move quickly.
Short VASCONEQ at 14.
Buy again after dip at 8 for Target Price of 14 and Stop Loss of 6. ...
Huge volume of buyers this week. Though penny stocks don't really care about trendlines, but still taken nice support and gaining momentum.
Still a bad stock to trade as nothing is working well in terms of fundamentals.
STRICTLY FOR RISKY TRADERS as technical analysis never worked for me for penny stocks.
Been tracking this pharma company since 2014 when it was trading at levels around Re.1
Since it being a penny stock it is difficult to apply technical analysis due to variety of reasons.
However, the yearly support trendline is now making sense and provides an opportunity to buy it at current levels.
Does it have a potential to be a multibagger - Who knows ? But...
Tea sector is available at rock bottom price as winter is on the way.Any Investors can be a part of the business by accumulating tea shares.Note that this is not a trading Idea .It is a part of investing in penny stocks.
As the consumption of tea is increasing regularly and the tea plantation is not expanding accordingly in future tea become a luxury...
From today I'm going to post trade setup named as "B Plan" on Nifty SmallCap stocks & those posts will be tagged as "B Plan" .
I'm really excited that I'm gonna share something very unique with you. A type of trade setup which I held close to My Heart for so long, even now I'm oscillating about should I share this trade setup or not. Bcos, it's...