The Sensex is retracing to test the new support level at 10500. Respect would confirm the reversal to a primary up-trend. Twiggs Money Flow (13-Week) bullish divergence offers further confirmation. The target for the breakout is 12500, calculated as 10500 + [ 10500 – 8500 ].
An Interesting Article By Brian Perry, Investopedia In almost all instances, the root cause of a financial crisis is an asset bubble. But how does this bubble form, what finally causes it to pop and how can investors profit before it goes bust? In order for a market to attain the excessive valuations necessary to… Read More »
Hindalco Industries has formed a rising Wedge pattern and corrected from a high of rs 64 and is now trading around 55 Longs can be intiated with 52 as SL for atgt of 59 and 64
Dear All, Hope all of you had a rocking week. Coming to the current week which at last is not an truncated week,Market has posted phenomenal 6 weeks Gains in arow which i have never seen in my trading carer. So What’s NEXT !! India VIX is at 50.12 so be cautious on longs you… Read More »
Maruti is now trading at the upper band of the Channel and is now Facing Resistance at 868.It has formed an Doji on daily Charts.Now if it is unable to cross 868 we can see a tgt of 845 832 and 798.RSI -2 is at 96.97.SL of 871 should be maintained on all Longs. ONGC… Read More »
Tech Mahindra has been successful in bidding for Satyam Computers, wherein, it will be acquiring 31% stake at Rs. 58 per share, in Satyam, by way of preferential allotment followed by open offer for additional 20% at the same rate, from the shareholders of Satyam. Open offer is likely to be for 19.54 crore shares… Read More »
Falling Wedge Trend Reversal Observed in ONGC.Support @ 5 EMA which is 868 after which 846 on cards.
The Sensex broke through resistance at 10500, signaling reversal to a primary up-trend. Twiggs Money Flow (13-Week) confirms with a strong bullish divergence. The target is 12500, calculated as 10500 + [ 10500 – 8500 ]. First, expect retracement to test the new support level.
Our market is witnessing a very strong rally from the beginning of March 2009 and the Prime mover of Index of Sensex and Nifty is by the PosterBoy of Indian stocks “Reliance Industries Limited”. When RIL makes a strong move, the sentiment of our market completely changes to its direction of movement. Today many of… Read More »
Reliance Industrial Infrastructure Ltd (RIIL) share price has been moving up and had risen from Rs. 318 on 2nd April to Rs. 820 on 9th April. In three trading sessions, a rise of 158%. On Thursday, 9th April, it had a turnover of 105 lakh shares on NSE and 50 lakh shares on BSE which… Read More »