After taking support ICICIBANK has broken the trendline in morning indicating bullishness. It made a high of 283.50. Since I was bullish about banknifty, I waited for the price action to move above 283.5.
At 11.35 price action crossed above 283.5. Entered trade at 283.5 with stoploss 281. I thought Europen markets will be in green. All were red. I hold my long....
It has been observed on hourly chart of HCLTECH the price action has broken the downward trendline. Closing above the trend line indicates bullishness. Targets are 834, 839, 843 and 847 with stoploss 823. Use trailing stop to protect your profit.
Note : I give preference to the traders who encourage me by their comments and by clicking the like button. I reply for...
Stock market is risky but it is also about risk and reward. Be smart in risk reward ratio to make money in stock market. Today's "penny" stock is tomorrow's "money" stock. Closing above the trendline indicates Genuspaper is bullish.
If everybody who is having high IQ and money can make money in sharemarket means there wont be any losers. To be a winner/gainer we have to be disciplined. Greed and fear should be in our control. We should not be in greed, fear's control. We are the king/queen of our own emotions. Let us see how fear and greed take control of our trading with an example.
It has been observed in the monthly chart price action is above the long term support area. Heavy volume shows the stock is in accumulation phase. It shows how the investors are accumulating their assets. Since the accumulation has taken more duration I expect this stock to move upside with full strength. A good investor always finds a stock when it is in...
MIC Electronics has taken strong support between the level 13 - 13.2. We can invest in MIC above 14. Targets are given in the chart. This is an investement idea and it will take months to reach the targets!
Banknifty has taken support in the level 20100 - 20150. It will move upside with the targets 20200, 20280, 20320, 20380, 20420. When it breaks 20420 we can add 20480 as our next target. Stoploss is 20080. Always use trailing stop to protect your profit! In yesterday's comment I have shown the support level for banknifty.
Nifty did not break its support 8715 yesterday(Feb 9th) indicating it is still bullish. Nifty is long with targets 8800, 8825, 8860 and 8880 with stoploss 8715. Always use trailing stop to protect your profit.
West coast paper mills has broken the long term resistance with high volume indicating bullishness. The stock is having good uptrend for a long duration. One can go long above 148. Investment stock.
In one year I expect the stock will gain 40 to 50 points.
PS : Dear traders, please write your views in comments.