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]
Intraday trade: Buy SESAGOA, Stock gave strong breakout
Sesagoa has been trading in a tight range for sometime and today it has given a breakout of upper end of range. Since this stock is a high beta stock, traders should trade long on sesagoa stock at current market price of 201, with intraday target of 205. Stop loss must be placed at 198 level. Trading Analysis on Sesa Goa: Stock is already trading higher by about 3% today and trading in the ... [Continue Reading]
Stock with Positive Breakout Today in NSE Nifty Index, Buy them on Dips
After covering the stocks with negative breakout in my previous article I am here with a list of Nifty index stocks which are giving positive breakout. Let’s begin with some defensive names: 1. Hindunilvr: This is FMCG company, stock has give a positive up move after breaking above 360 level, we are positive on this stock, and traders can keep looking for buying opportunity till stock enjoys above ... [Continue Reading]
Nifty Index Stocks Giving Negative Breakout, Stocks to Short Sell Today
Nifty index stocks that has broken below support level, gave a negative breakout. Hire is the list of them: 1. Reliance: Stock has broken support level of 900 level and so it’s a selling opportunity on charts. 2. State bank of India: SBIN has been negative after the results were announced and S&P has downgraded it. On break below 2000 level stock has become extremely negative. 3. BHEL: On ... [Continue Reading]
Nifty Future Breaks the Range, Long Positions Entered on Nifty
If you look at previous range then it was 5200 and 5400, on breaking above 5400 our immediate upside target will be 5600 level. Long positions were added on breaking and successfully closing above 5400 resistance. We were optimistic this time as momentum continued and increased liquidity is returning into equity markets, moreover technical traders are also bullish as nifty future has managed to ... [Continue Reading]
