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]
Mcdowell-n is trading at trendline resistance, Selling is more likely
Stock has been the best out-performer in F&O stocks, as its has given more than 90% return in last 3 months. But as the monthly chart suggest me stock is near the trend line resistance which is around 1290 - 1300 region. So some selling in this stock is expected in the near term, also stock has shot up very sharply so some profit booking in form of selling will soon be seen. My trading ... [Continue Reading]
NSE Stocks that are in Strong Uptrend on Charts
Trading in the direction of trend has proved to be very profitable strategy in any financial market. Same thing applies for stock market, so I have prepared a list of few NSE stocks that are in a strong uptrend on charts. This list updated on 5 June 2012. Here is the list of such stocks: Ajanta Pharma Amara Raja Batteries Apollo Tyre Asian Paints Balkrishna Industries Bata India Berger ... [Continue Reading]