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 ... [Continue Reading]
Medium term Investment Stock: Buy Ajanta Pharma for target 486
Ajanta pharma (NSE code: AJANTPHARM), is one of the most outperforming stocks in the pharmaceutical sector. On weekly chart we have seen an excellent trading pattern, we see stock has been in uptrend and this has made us to look for only long positions. Here on the weekly chart, we have noticed a crossover on slow stochastic indicator which is a signal to buy into Ajanta Pharma stock around 390 ... [Continue Reading]
Euro against US Dollar is in uptrend for medium term, Buy on Decline
EURUSD pair in forex has is very popular, as I see these days it has become highly predictable with technical analysis. As I see the charts I feel that EURUSD is now beginning a new up trend as it has bounced from 1.2050 to 1.29 about 900 pips rally in 3 months. If I see the daily chart the pair is already trading above the 200 days SMA, In this case I will be only looking for buying opportunities ... [Continue Reading]
Nifty future bullish for Medium term, Correction is a Gift
Watching the weekly chart of nifty future I came up with a conclusion that nifty future is in up trend for medium term. Every pullback or correction that we see must be solid trading opportunity for going long (Buying) on nifty future. Traders can take the help of indicators like slow stochastic to enter the trades, i.e time their long entries on nifty future. Here is daily chart of ... [Continue Reading]
Medium Term Important Level in Nifty Future to Patiently Watch
Nifty future at 5400 level is a wait and watch kind of game, as it is important level for medium term. Markets may pause for few days before giving exact move, so in this scenario traders must patiently wait and watch. However I would suggest traders to be stock specific at this point, they may buy some of defensive counters like ITC, Sunpharma, Hindunilvr. Traders having positions in F&O segment ... [Continue Reading]
