Federal-Mogul Goetze is a mid-cap stock and has been in a strong uptrend since 2009 and I believe it to continue for some time. This stock is taking support on a advancing trend-line, as I see the weekly chart sock has already approached trend-line. So its a buy recommendation on this stock for short term. Trading volume of last session, were much higher than its monthly average. Higher volume at ... [Continue Reading]
Methods of Taking entries in stock: Breakout trading vs Pullback trading
There has always been debate on the method of taking entries on stock. Some traders say they trade when breakout occurs, some say they take entries when stock gives pullback or rallies against the trend. Both of these methods works, but it depends on the stock's beta value. If stock is high beta stock then I will take entries on breakout, as high beta stocks will not give me pullback to for some ... [Continue Reading]
Stochastic Gave Buy Crossover in ACC weekly chart, Buy ACC
ACC is one of those cement stocks, which are in a strong uptrend since 2009. So taking trade in the direction of this up trend, I look for buying this stock on every dips. You will see stock is taking support at trend line and bounces from there, trend line is excellent support in this case. Here to get the buy entry I use slow stochastic indicator, on the weekly chart of ACC below slow stochastic ... [Continue Reading]
Technical Analysis: Short Sell Bank of Baroda, Resistance at 722 Zone
Ban of Baroda has very strong resistance at 722 zone and will not be able to break above that zone easily, so advice will be short sell bank of Baroda around 720 for target as 700 and then 793 level, while placing stop loss orders at 730 level. It is positional trade and hence I recommend to take short positions on BANKBARODA June futures contract, entry and target levels are based upon cash ... [Continue Reading]
Finding Tops and Bottoms Using Technical Analysis and Fundamental Analysis
Technical analysis and fundamental analysis when combined, yields much accurate and better trade setups. There is simple line you need to follow “Know the fundamentals and trade the technicals”. So according to this statement traders need to know the fundamental of the current market, fundamentals like IIP data, inflation, GDP figures, Interest rate decision. Finding Tops and Bottoms: Next ... [Continue Reading]
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