“I know it may sound strange to many readers, but there is an inverse relationship between analysis and trading results. More analysis or being able to make distinctions in the market’s behavior will not produce better trading results. There are many traders who find themselves caught in this exasperating loop, thinking that more or better analysis is going to give them the confidence they need to do what needs to be done to achieve success.” – Mark Douglas
Dish TV
Dish TV as we covered yesterday did 75.9, Now stock is near its crucial trend line resistance of 75.9Break of 75.9 stock can see continuation in current uptrend.
Buy above 76 Tgt 76.6,77.4 and 78.4
Hexaware
Hexaware is coming out with results today, Stock has bounced from support area 108 and took resistance at downtrending line 112.7
Buy above 113.4 Tgt 114.5,115.8 and 117.1
Sell below 111.2 Tgt 109.8,108.5 and 107.7
Bata India
Bata has formed a bearish engulfing pattern after bad set of numbers.
Sell below 846 Tgt 840,833 and 825