Orient refractories is growing steadily from 2016. Now the stock is having some correction. Support is seen at 125 - 130 level. This stock is good for investment. Can invest in this stock at the support level. I expect this stock to gain 15 to 20 points in one year.
Daily chart of nifty shows the formation of Doji. Also it has formed an inside bar. 30 mins chart shows a triangle formation. Nifty has resistance at 9120. When it breaks it, price will move towards 9200.
Buy nifty above 9120 with the stoploss of 9090. Targets are 9150, 9170 and 9190.
Tatasteel has formed a hidden bullish divergence in one hour chart. Downward trend line has been broken indicating tatasteel is going to move up. Buy above 480 with the stoploss of 475. Targets are 485, 490 and 493.
Axis bank is not showing strength for few days. Today's price movement has formed a hidden bullish divergence showing the price may move upside tomorrow. Buy above 513 with the stoploss of 510. Targets are 517 and 520. Resistance is at 520-523. On breaking 510 the price may go to 504.
Weekly chart of sunpharma shows the price action is trying to break the weekly downward trendline. This week's close above the trend line and the candlestick pattern will decide about the price movement in the coming days. As the downward trenline is 2 yrs old, this break will play an important role.
DHFL was in sideways for the past few days, unable to cross weekly resistance at 333- 338 level. Today it has broken the resistance with good volume indicating bullishness. This script will give good movement as it has broken the long term resistance. The trendline will show the way how the stock will move.
Today we are going to discuss about few questions. 1. Why we tend to lose after a winning trade. 2. Why we overtrade after a losing trade. 3. Why we feel confused about our trading knowledge even though we are learning new things daily? Answers for these questions depends on human psychology.
The reasons for losing after a winning trade is a. carelessness b....
"Always follow your trading plan". Every trader have trading plan. When to enter a trade, when to exit, target and stoploss. And also everybody have their own analysis skills. We can discuss with our trading friends about a script. We can discuss whether the price is going up or going down. But when entering a trade it should be based on our analysis, our trading...
Axis bank is having resistance at 520-522 level. For the past few days price action is trying to break it. Close above the resistance will make the price to reach the targets 530, 536, 540 and 548. Stoploss is 520. Tuesday's market opening will break the resistance and this script will be move upside. Always follow your trading plan.
Vedanta is consolidating at the support zone before it moves up to break the downward trend line. TSI is moving upside and RSI's hidden bullish divergence indicates the price action is turning to be positive. Close above 249, downward trend line break will make the price to reach the targets 252, 254 and 257. Stoploss is 248. Always follow your trading plan.
Edelweiss Financial Services has taken long term support at the level 127 - 129. This script's growth is steady for two years. And its result is good. I expect this stock to gain 15 to 20 points in one year.
Gravita India is forming a rounding bottom in weekly chart which indicates the bullishness of the script. Heavy volume indicates the accumulation of the script by the investors are high. I expect this stock to reach the price 80 in one year. The rounding bottom or saucer bottom is a long term reversal pattern which indicates a shift from the downtrend to an...
Tata chemicals is consolidating inside the triangle. Price action closing above the triangle will make it move towards upside. Buy above 565 with the stoploss of 560. Targets are 569,572 and 576. Always protect your profit with trail stop.
Syngene has broken long term downward trend line and taken support at 473-478 levels.Syngene is bullish for long term. However there is a hidden bearish divergence in the RSI. Hidden bearish divergence happens when price is making a lower high (LH), but the oscillator is showing a higher high (HH) Can buy this stock on dips or pull back with the stoploss 478....
Price action of Dabur has broken the upward trendline indicating bearishness. RSI and TSI shows hidden bearish divergence. Hidden bearish divergence happens when price is making a lower high (LH), but the oscillator is showing a higher high (HH). Dabur is sell below 278 with the stoploss of 279. Targets are 270, 268 and 265. Always protect your profit with trail stop.
Price pattern of Govind Rubber was forming a rounding bottom for two years and it is broken this week with high volume indicating bullishness of the stock. Prveious resistance 34.5 is broken with high volume after two years. The rounding bottom or saucer bottom is a long term reversal pattern which indicates a shift from the downtrend to an uptrend. This pattern...