A double top pattern is one of most simple and reliable pattern in technical analysis. There is a high probability that a trader will predict correct move most of the time. This pattern is very easy to recognize and taking positions is quite simple. You can apply this to any time frame chart may it be weekly, daily or any intraday time frame chart. Have a look at the below image. How to trade ... [Continue Reading]
Short Term Bullish Stocks: Buy Siemens Today for Short Term Target as 945 Level, Risky Call
Siemens Ltd. is engaged in electrical equipments business we can also call it as capital goods segment. Siemens Ltd is one of the oldest listed company in India, it was listed on NSE on 6 September 1995. Stock market performance has been nice for the company as we have seen its stock trading from 35 level in 2003 to 1140 levels in 2008. Similar performance was seen in BHEL stock as they belong to ... [Continue Reading]
Major news event that affect nifty future the most
Most important news release that move nifty future significantly are related to fundamentals, these fundamental news events when becomes public nifty trades with very high volatility. These news events are: 1. GDP data: GDP data is a simple figure that implies growth of any economy, it is seen that nifty future move almost 120 points when this is released. 2. Inflation data: Inflation is watched ... [Continue Reading]
Short term Stock Trading: Buy LUPIN Near 456 for Target 518, Technical Analysis Applied Trendline Supports Price Action
Lupin Ltd. short term outlook for trading as we have seen this stock is in strong uptrend irrespective of market movement so we believe that LUPIN will strengthen further once it closes above 488 level. But for short term the stock remains very attractive. Technical analysis charts narrates us the LUPIN is supported by a rising trend-line and this up trend should continue and we may see bounce ... [Continue Reading]
Short term Stock Trading: Buy TTKPRESTIG Near 2706 for Target 3111, Pure Technical Analysis
Short term stock for trading is TTKPRESTIG and the stock is expected to bounce after touching its technical support level which is near 100 EMA (2570 level) as seen in the chart below. We are using slow stochastic indicator to time our entries and as the trend is up we will be looking for only buying opportunity as long as the stock is trading above the 2550 level on closing basis. As the stock is ... [Continue Reading]