Tata Steel Tata Steel has been falling like 9 pins,stock has been a worst performer in Nifty 50. Stock is trading a crucial Fibo number of 254. Any close below it on closing basis can see stock pulling back to 233 odd levels,Holding 254 can see a bounceback till 288 odd levels. Buy above 261… Read More »
HCL Tech HCL Tech approaching its resistance of 805-810 odd levels. Unable to cross them can lead to pullback towards its rissing trendline. Buy above 802 Tgt 805,808 and 812 SL 800 Sell below 789 Tgt 785,782 and 776 SL 792 Tata Motors Telco has closed above its 200 DMA.which gives a short term target… Read More »
Axis Bank Axis bank has been trading in range of 1530-1445, from past 10 trading sessions. Break of the range below 1445 can see the stock correcting till 1370 odd levels. Buy above 1457 Tgt 1464,1474 and 1484 SL 1452 Sell below 1444 Tgt 1434,1425 and 1413 SL 1452 ITC ITC, which has the… Read More »
Trading is a Skill and it takes time to develop the Skill.Trading is simply like learning to drive a car, it is a skill that anyone can learn. Trading doesn’t take extreme intelligence or any superhuman gifts, it simply is hard work, just like learning to drive a car. Any person who need to become… Read More »
IDFC IDFC is having strong resistance at its 100DMA and strong support at its 200 DMA IDFC broke 200 DMA on closing basis on Tuesday follow up move should come today. Buy above 154 Tgt 156,157.8 and 159 SL 153 Sell below 152.5 Tgt 150,148 and 145 SL 153 Tata Motors Tata Motors is approaching… Read More »
I always suggests trader to create a trading plan before markets opens and strictly execute the trades as per the plan. Its a well know adage Plan the trade and Trade the plan.Most of traders trade impulsively in trading,without any plan, they go as per there intuition and end result is losses. I have written… Read More »
Reliance Reliance share has broken its medium term trendline and stock gave waterfall decline 823 to 764 in 3 trading sessions. Stock has come near its demand zone of 764 and bounced back sharply in last trading session.Stock is also trading below its 200 DMA which gives bearish indication for short term. Sell below 771… Read More »
Tata Motors Tata Motors after making the swing high of 311 has been falling like 9 pins with rest of the market. Stock broke it all important support of 280 and is now near its important support of 200 DMA, which stock has been defending from past 3 trading sessions.Holding the same pullback can be… Read More »
SBIN SBI made the high of 2236 on budget day which was exact its rising trendline resistance as shown in above chart.SBI made a low of 2051 and than having a slow and steady rise.Stock is approaching a crucial resistance region of 2263-2284 which needs to be watched closely . Buy above 2262 Tgt 2284,2300… Read More »
SBI SBI has been on a rally mode from 2050 levels, With recaptlization of banks with 12K cores news stock formed an DOJI pattern suggesting news arrival can be reversal for stock in short term.Previous support of 2562 will act as resistance now,Range of 2562-2571 will be diffcult to cross and pullback should be expected.… Read More »