Reliance, INDIABULLS HOUSING, YES BANK, STATE BK OF INDIA, HDFC BANK, TATA STEEL LTD
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
TATACOMM IB long on PDH with PDL as SL Formed a swinglow at weekly support and formed weekend L3 Formed an IB today
Was moving within a channel till MAY but has broken that support level, now a crucial support level of 505 is broken. Now 440 can be seen on the charts. That also pretty soon.
Steep and furious price move. Now consolidation forms a High and Tight Flag pattern. Breakout will take price at and around 640.
Long if it breaks the high of the previous week with a stop loss at the previous week's low. Short if it breaks the low of the previous week with a stop loss at the previous week's high.
Ready for EMA crossover, Facing resistance at 622 MACD crossover and RSI sliding below 70
Sell Tatacomm on rise with SL of 625 and target of 565. A confirmation on RSI has been obtained. A convergence on MACD is on the cards. One can book profits on long positions.