Grasim's daily chart shows the trend in stock is up, hence trading in the direction of the trend we will be looking for buying opportunity in this stock. As we give closer look to the daily chart we see a bullish divergence forming on slow stochastic indicator. Daily chart of GRASIM: Traders can take long position on Grasim in range of 3170 - 3230 for target of 3500 in short term. While ... [Continue Reading]
Nifty Future has resistance at 5640 level, Short sell Nifty
Nifty future traded higher last week, as it went from 5230 to 5645. But on daily chart level of 5640 is a resistance, and I believe it will hold nifty future sometime here before next up-move is seen. So I am going against the trend this time to play support resistance trade on nifty future, I would be looking to go short on nifty future around 5615 level, for targets as 5555 and then 5525. Stop ... [Continue Reading]
Buy Nifty future, Slow Stochastic gave Crossover on Daily chart
Nifty future has opened with gap on Friday's trading session, I have been bullish on Nifty and bank nifty from last 2 - 3 months, yet this is another confirmation for us to be on long side only. As looking into the chart of NSE's Nifty I found a crossover on slow stochastic indicator and this crossover is for bull traders to take long positions. Trading strategy one must follow is to buy into ... [Continue Reading]
Stocks that have Out performed Market: Buy Aditya Birla Nuvo for Trading Target of 1425
Aditya Birla Nuvo is one of the major company of Aditya Birla Group, listed on 13 September 1995 on NSE. this company has given serious returns to the investors in long term. When we talk about technical analysis we see that the stock has given a positive breakout above the 900 levels, when we look at the charts we see that the stock has been making the series of higher high and higher lows ... [Continue Reading]
Find the Trend of Nifty Future Using Daily Chart Technical Analysis
Trend is very useful friend of trader, if spotted correctly. In my trading experience trading in the direction of daily trend can make you profitable trader over a period of time. On daily chart you can easily find trend just by simple observation; you will need EOD chart for nifty future. Once you have chart handy, we need to apply a 200 SMA (simple moving average) on it. Carefully look price ... [Continue Reading]