ONGC has broken out of ASCENDING TRIANGLE PATTERN.
STOPLOSS-75 for investors WHO CAN LOOK FOR 100+ TARGET
WAIT FOR THE PULL BACK TO ENTER FOR A GOOD RISK REWARD RATIO
1.GOOD VOLUME SUPPORT(NOT HUGE)
2.THERE IS AN UNFILLED GAP UPTO 88
3.PRICE BROKEN THE 50 DEMA
1.NIFTY at a key resistance level 10000. (market may...
STOCKS ON RADAR TODAY
INDUSIND BANK RANGE RE-ENTRY
-STOCK HAD RECENTLY BROKEN ITS UPWARD TRENDLINE
-FROM THE LEVELS OF 416 THE STOCK HIT A BOTTOM OF 330
-NOW WHAT WE ARE SEEING NOW IS A PULLBACK RALLY CAN CLIMB UPTO 415
-THERE IS A GOOD RANGE FOR THE STOCK BETWEEN 368-486
-STOCK CAN FIRST TEST 415 AND IF BREAL THEN
-STOP WOULD BE AT...
Sumpharma got FDA approval for some drug which I cannot even pronounce.
Also recently stock gave break out form long year trend and pullback is also success.
Wait for the reversal at the zone for long.
Here's a question that stands out in everyone's mind :
Will nifty take support and pullback?
If the answer is "YES", then how much pullback will on nifty?
The Supportline of the channel is already followed the 4 times.
Before the answer this Question we have analyzed deeply GAP theory.
Gaps appear more frequently on daily charts, where every day is an...
Nifty is bearish in weekly and monthly chart. But in daily chart, it took support from 100 EMA and might bounce back in the coming few sessions till 12100-12150 zone which is a strong sell zone. This might be the last opportunity for traders and investors to book profit in their long positions.
Once Nifty starts trading below 100 EMA in the daily chart, next...
MOMENTUM TRADE IN BANKBARODA
-THERE IS RISE IN OI +RISE IN PRICE
-CLASSICAL PULLBACK AFTER BREAK-OUT
CHECK PREVIOUS IDEA
Breakouts are overrated, Pullbacks are underrated. One can consistently make money in getting into pullbacks too. Hindustan Petroleum, got one such BUY signal today. The watchlist was sent to all the subscribers yesterday.
Strategy used: Pro-Pullbacks.
Nifty bank looked weaker in today session it closed between 20 EMA ( Lower Side) and 200 DMA ( Upper Side)
Stocks like SBIN (Bearish) , YES Bank ( Mildly Bearish) would continue to show some weakness.
Indus Ind bank ( At support ) , Axis Bank ( At Support ) , ICICI Bank ( Bounced from 100 DMA),
HDFC Bank ( Trading in a Range) should keep the bank nifty...