Medium term analysis for Bata India stock [Video]

by Bhaveek Patel

As promised we are staring the series of the publishing videos of our technical analysis. Stock for the analysis for medium term is Bata India, watch below video for complete analysis. Buy BataIndia near 740 level for medium term target as 990 level, stop loss must be placed below 715. Risk reward ratio is very favorable to take this trade. If you have any queries just comment below for quick reply. You can also like .....

Technical Analysis: How Double top pattern is traded

by Bhaveek Patel

Double top pattern is one of most simple and reliable pattern in technical analysis, there is high probability that a trader will predict correct move most of time. This pattern is very easy to recognize and taking positions is quite simple. You can apply this to any time frame chart may it be weekly, daily or any intraday time frame chart. Have a look at the below image. Steps to follow: When the price action .....

Trade using Gartley Pattern, Learn and trade patterns

by Bhaveek Patel

Another interesting tradable pattern is the Gartley Pattern. The Gartley pattern one of those most traded pattern, which takes advantage of higher risk reward ratio. This pattern shows major reversal points in market, also it works with slowing momentum if not reversal. So most of the time you will apply this pattern in medium term chart like weekly chart. Fibonacci retracements play important role in this pattern as reversal points are on retracement levels. There .....

Technical Analysis: Ascending triangle pattern formed in Idea Cellular

by Bhaveek Patel

Idea cellular is one of our technical analysis pick today, we see a ascending triangle pattern on weekly chart. If I tell you this pattern is a bi-directional pattern so breakout in such patterns can happen in either side. So we are not certain about the trade that a trader must be taking. In such situations we should keep patience and wait for the breakout first, but as markets are extremely bullish I upside breakout .....

NSE EOD database for Amibroker Updated till 31 December 2012

by Bhaveek Patel

NSE EOD database in amibroker format is now available for download. This database has all the data from beginning of National stock exchange till 31 December 2012. Just use below link to download.   Download from here.   Also share it with your friends on Facebook and twitter.

List of Stocks trading below Rs.2 on NSE, Indian Penny Stocks

by Bhaveek Patel

Friends here is list of penny stocks that are trading in NSE and as all the stocks are trading below Rs.2 on NSE we see very limited downside in them. Also Nifty future is continuously making higher tops and higher bottoms we see these stocks will also attract liquidity and may trade higher. So my advice will be to invest into these stocks, with maximum total investment of Rs.30,000. These stocks may be future multibaggers .....