Yesterday while I was resolving a query for one of my client I have landed into the TCS chart; I found that stock is ready for its next up move. So taking the positions in the direction of the trend I will be looking for buying opportunities, as long as the trend remains up. Moreover stock is trading at 100 EMA and trend line is support here, also Fibonacci retracement level 61.8% level is ... [Continue Reading]
Trade Setup on Piramal Health, Short sell PIRHEALTH Future
Trading idea based upon Fibonacci extension level, stock is Piramal Healthcare (PIRHEALTH). On daily chart we have seen the extension level acting as resistance. Also a sell crossover was seen on stochastic indicator around 80 zone, stock was already overbought. As on chart 138.2% Fibonacci extension level, 528 must act as resistance in short term. If you look at futures open interest data for ... [Continue Reading]
Technical Analysis: Short Sell BankNifty at 9899 (Spot Level), Resistance at 9900 Zone
I am having a trade setup on Bank Nifty future, while looking at the daily chart I see some resistance on bank nifty future at 9900 zone (Spot Level). I will be looking for short selling opportunity around 9900 level (Spot Level), for trading target 9700 level (Spot Level) while placing stop at 10000 zone (Spot Level). Look at the Bank Nifty chart: You can also see 100 EMA acting as resistance ... [Continue Reading]
Decide Stop Loss in Nifty Future Trade Using Candlestick Charts
Placing the stop loss is very crucial skill of a trader, losses in stock market is just inevitable. But trader can minimize his/her losses by placing a properly planned stop loss for the open trade. Stop loss can be placed with the help of following methods: 1. Equity Stop Loss 2. Time Stop Loss 3. Chart Stop Loss Which Method to use: From the above 3 type’s most popular way of placing stop loss ... [Continue Reading]
F&O Trading Strategy for Ambuja Cements Stock, What to do for Short term?
Ambuja Cements Ltd. is in cement and cement products industry. Ambuja Cements is also the largest cement producer in India. The AMBUJACEM stock seems to be bearish as it has dropped from the 160 levels and is heeding towards the 115 levels so for investors it is a solid opportunity to grab handsome profit. We will advice traders to enter the long position above the 135 level for short term target ... [Continue Reading]