Symetrical Triangle

Nifty Weekly Technical Analysis for Week Begining 26 March

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The following week we expected to be a trending week but again turned out to be a volatile week with daily range of Nifty of almost 100 points. We have march Expiry,Weekly and Monthly closing in the coming week which make in interesting both in term of data analysis and trading. Lets see how technical … Read more Nifty Weekly Technical Analysis for Week Begining 26 March

ONGC Breaks its 200 DMA

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ONGC on Last friday closed below its 200 DMA which stands at 1114.A stock which closes below its 200 DMA comes under Bear’s attack on every pull back. We need to watch for how many days ONGC closes below its 200 DMA,as if it recovers in coming 2-3 sessions than we can consider this as … Read more ONGC Breaks its 200 DMA

ICICI Bank Break of Symetrical Triangle

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The candlestick on the daily charts indicates an‘Engulfing Bull’ characterized by a large white real body engulfing a preceding small real body, appearsduring a downtrend which is an important bottom reversal signal and a implies a comeback by bull. It signifies that the downtrend is now losing momentum and the bulls started to take the … Read more ICICI Bank Break of Symetrical Triangle

Axis Bank @ 100 EMA

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Stock has shown a strong support at 100 EMA in dec crash and this crash also showing a very good and strong support,It took support at 965 and showed a bounced with rising volume showing bulls are having good upper hand on this counter,Buy on dips till 100 EMA holds Levels to be watched buy … Read more Axis Bank @ 100 EMA

Strides Acrolab showing bullish moves

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Strides Acrolab is showing good moves and is showing bullish channel from a low of 154 to a high of 312.Stock is trading above its 5 EMA and takinf support at 20 SMA which is being shown in charts as above,Stock is a buy on dip canditate. It faces channel resistance at 288-92 range.Once that … Read more Strides Acrolab showing bullish moves