Stock Technical Analysis:Mcleod Russel,CESC and JSW Energy

Mcleod Russel Mcleod Russel stock on daily chart is forming a perfect symmetrical triangle, Triangle breakout happens above 289 and breakdown below 275.So watch out for breakout/breakdown move. Positional target for breakout comes at 325 and breakdown comes at 254. Buy above 283 Tgt 287,293 and 298 SL 280 Sell below 276 Tgt 271,266 and … Read more

When To Quit Your Job to become full time trader

I have had many readers through the years and students of my trading course –most of whom were less-experienced traders–tell me that at some point in the future they planned to quit their 9-5 jobs and become a  full-time trader. Traders who have recently entered market and made good money also plan to become a … Read more

Stock Trading: RIL, Sun Pharma and Indusind Bank

Reliance Reliance formed a bullish engulfing pattern yesterday closing well above its 200 DMA, Now stock faces resistance at its 100 DMA 834 above which it will reach the top end of channel at 850. Buy above 835 Tgt 840, 851 and 855  SL 828 Sell below 819 Tgt 810,801 and 784  SL 822   … Read more

SBI Technical Analysis before Q4 results

State Bank of India is scheduled to declare its earnings for the quarter ended March 2013 on Thursday tomorrow during market hours around 1 PM. SBI being an index heavyweight will also decide the trend of Nifty. Its a great day to make money if you are on right side of trade. We have covered … Read more