Dr Reddy labs has broken long term trend line indicating further movement in upside direction. Buy at the price of 3145 targets 3185, 3205, 3240 with stoploss 3105.
Buy above 670 stoploss - 665 targets 675,680
Cummins India is moving upwards irrespective of the market sentiments. Buy above 800 when it retests the trend line. Stoploss is 795. Targets are 840, 860 and 880. Happy Trading!!!! in.tradingview.com
Buy above 20020 Target 20200 stoploss 19970
After getting support at 670 Divislab is bouncing back with full strength. Volume candles show the accumulation. Buy above 716 with the stoploss 711. Targets are 727 and 748.
Buy above 1215 with stoploss 1211. Targets are 1222, 1235 and 1250
Nifty is showing its power from afternoon today. I posted "Mighty Nifty - Budget day special 2" as an example of bullish flag breakout. The rally continues. Nifty is buy with stoploss 8670 with targets 8740, 8765 and 8800.
Flag break out, how it broke the resistance. PS : Educational purpose only
Short Nifty below 8655 stoploss 8675 targets 8640, 3625,8605 PS: Educational purpose only
What makes a trader successful? Do you think it is technical knowledge? A good trading platform? Money? A proper mindset? A trader can blow off everything when he dont have a proper mindset. What is a proper mindset? You should have a sage or monk's mindset. I am not joking. This is the truth. One should overcome fear, greed, anger, ego and frustration to be...
Relative strength of CNXIT is weak when comparing with Nifty. People are not investing in IT stocks, as international political news are creating fear among investors. Good news is still CNXIT is above the long term trend line. If it breaks it, then the fall is fatal. We are not bears or bulls. We are traders. And we can make money in whatever direction market moves.
In daily chart Canara bank is at the crucial support zone. It has also formed RSI positive divergence. Uptrend is not confirmed yet. Can expect the stock to move up in coming days. Happy Trading! in.tradingview.com
Trading involves risk. Without learning,trading is betting or speculating. Options trading can be extremely risky for a beginner. One should not start his trading career with options trading.The speculative nature of options will make the beginner as a gambler. Every Indian knows the story of "Mahabharatha" and the consequences of betting/gambling from it. When I...
Tatamotors targets are 558 and 565 with stoploss 546.
1. RSI positive divergence 2. High volume. Can buy ICICI with stoploss 258. Targets are 266 and 269.
Next targets for banknifty are 19600 and 19740. Most of the bank stocks took support and started to move upside. Trend remains same till banknifty and nifty are in same direction.
In my previous post "Mighty Nifty is bullish", I have given the target 8590 and it was reached yesterday. For three consecutive days nifty is bullish. Sentiment is bullish and all segments are strong. My next target is 8660 and 8700. Next week I expect nifty to trend upwards but with sideway movement in between.
It is said that only 5% of the people are getting profit as traders. Among them 1% people knows about the importance of the technical analysis. In that 1%, traders who can teach others trading and who can write about technical analysis of a script or index is very less. People who are members here know the importance of technical analysis. Once upon a time having...