Stock Trading:Tech M, SBI and Maruti

Maruti Maruti has broken below its symmetrical triangle, 200 dma and Gann number of 1453,suggesting weakness in short term. Unable to close above 1453 in next 2 days gives short term target of 1364   Buy above 1464 Tgt 1485,1500 and 1520 SL 1460 Sell below 1438 Tgt 1422,1400 and 1380 SL 1447   SBI … Read more

Stock Trading:Tata Motors,Infy and Century Textile

Tata Motors Tata Motors has been under bear pressure as soon it broke 280, stock has been trading below its 200 DMA for 3 days now, Stock has taken support at previous gap of 254 .254-55 range has been demand zone for telco stock has pulled back sharply from this zone. Buy above 259 Tgt … Read more

Trading Stocks with Symmetrical Triangle’s Chart Pattern

A Chart Pattern is a distinct pattern formed on stocks/commodity chart which help in identifying the future price movements. Chart Patterns are broadly classified in two types: Reversal Patten: This pattern signals the previous trend will reverse upon completion of this pattern. Eg double top, Double bottom, island reversal, rounding bottom, Descending triangle Continuation Pattern: … Read more