Month: March 2011

Technical Calls:BHEL,Ranbaxy and ITC

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BHEL BHEL is consolidating between its 50 SMA and 5 EMA.I have tried to show similarity in this pattern which was formed before also in the 2 rectangle in below chart. BHEL is consolidating and looks ripe for a sell below today’s low.Stochastic has given a SELL Gap between 2055 and 2051 also needs to … Read more Technical Calls:BHEL,Ranbaxy and ITC

Will Nifty Correct after 6 Days of Winning Streak?

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Nifty Hourly Chart Nifty Hourly charts are moving towards the Resistance of 5790 levels.We have seen a one sided rally from past 5 trading sessions.5 EMA and 20 SMA system on hourly has not shown any sign of reversal as of now. Indicators can remain overbought and oversold for prolonged period of time.Please remember this … Read more Will Nifty Correct after 6 Days of Winning Streak?

Nifty Technicals for 31 March Expiry Week

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    Trading is an art which requires Discipline and Control your emotions.I come across many people who wants a system which generates BUY and SELL call but my friends no system in this world can put human emotions and hence your MIND is best system. Discipline and Self Control (Fear/Greed) are the best tools … Read more Nifty Technicals for 31 March Expiry Week

Technical Views on Patel Engineering and Kotak Bank

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Patel Enginerring Patel Engineering has seen a breakdown from high of rs 500 to low of 133 in matter of 1.5 years.Stock has been in news for all bad reasons and corporate governace issues. Price factors everything. Now Long term Bottoms are made in times of bad news and same apply to Patel. As seen … Read more Technical Views on Patel Engineering and Kotak Bank