Stock has been the best out-performer in F&O stocks, as its has given more than 90% return in last 3 months. But as the monthly chart suggest me stock is near the trend line resistance which is around 1290 - 1300 region. So some selling in this stock is expected in the near term, also stock has shot up very sharply so some profit booking in form of selling will soon be seen. My trading ... [Continue Reading]
Trade Setup on Piramal Health, Short sell PIRHEALTH Future
Trading idea based upon Fibonacci extension level, stock is Piramal Healthcare (PIRHEALTH). On daily chart we have seen the extension level acting as resistance. Also a sell crossover was seen on stochastic indicator around 80 zone, stock was already overbought. As on chart 138.2% Fibonacci extension level, 528 must act as resistance in short term. If you look at futures open interest data for ... [Continue Reading]
Stocks Trading Strategy at time of Results and Advance Tax Numbers
After receiving many mails from traders, suggesting me to reveal some trading strategies on stock trading at the time of results declaration. So I have decided to share one stock trading strategy that can give you sure shot 100% guaranteed return, I am seeing smile on your face. :) Here it is, before results data come into market there is also something known as Advance tax numbers. This advance ... [Continue Reading]
IGL stock has fallen 33% today, Trading outlook for Short term
IGL has opened lower today by 30% and we are seeing more downside in this stock in short term, however IGL on weekly chart has support near 230 level. So on approaching this support we see IGL temporarily bouncing towards 245 and 270 level. On chart 230 level is 38.2% Fibonacci retracement level, but we are not confident that this level held for long time, our short term strategy on IGL will be ... [Continue Reading]
Bharti Airtel Has Outperformed Telecom Sector, More Buying Should be Seen in Short term
Bharti Airtel Ltd. was listed on NSE on 15 February 2002, this company is leader in telecommunication sector. It has largest subscriber base in India, than any of its competitors. Although the telecom sector did not perform well in the last 2 years, but we see after the launch of 3G services in its circles we see that there will good revenue from the 3G operations. When we look at the chart of ... [Continue Reading]
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