IGL is our short term recommendation, this stock has been continuously trending up, Which is supported by rising trend line. Since the stock is in long term uptrend we will focus only on buying signals generated by slow stochastic indicator. If we look at weekly chart we see, IGL has faced resistance at 355 to 365 zone. So this zone for now will act as support level for stock, hence bounce in ... [Continue Reading]
M&M is Supported by a Rising Trendline, Support Seen at 681 Level, Buy M&M
M&M is one of our best performing stock in even bad markets. Today after strong selling in nifty futures we have seen this stock testing its support of 681 level which is a rising trend line support. The stock has earlier taken 5 times support at this rising trend line so we believe this time stock will again bounce after testing this support level. Hence we recommend traders to Buy M&M ... [Continue Reading]