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
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?
Sesa Goa Sesa Goa has been in downtrend and showing signs of reversal with a move above its trendline as shown in daily Chart.MACD has triggered a buy. Buy above 279.65 Tgt 281.2,283.8 and 288 Axis Bank Axis Bank has shown a move above 200 DMA with volumes last friday.This is big positive … Read more Trading Calls:Sesa Goa and Axis Bank
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
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
Dear Readers, The Site is up and running as I had conflicts with my Hosting provider. I need to move to a new Hosting provider and I have lost all the UI of site. I am working of Restoration of same and things should get normal within this week.I will keep on updating the site … Read more Nifty levels for 23 March