It has been few months I haven't written about precious metals, But accidentally saw the charts today. :D I found that COMEX gold and silver is ready for breakout from its descending triangle pattern, in this case I am expecting a positive breakout. Look at the weekly charts of silver as I see its ready for a breakout (may be in few weeks) see below chart. But gold may take some time for giving ... [Continue Reading]
Stochastic Gave Buy Crossover in ACC weekly chart, Buy ACC
ACC is one of those cement stocks, which are in a strong uptrend since 2009. So taking trade in the direction of this up trend, I look for buying this stock on every dips. You will see stock is taking support at trend line and bounces from there, trend line is excellent support in this case. Here to get the buy entry I use slow stochastic indicator, on the weekly chart of ACC below slow stochastic ... [Continue Reading]
List of 50 Stocks in NSE Nifty Index, Along with Their Short Term Trend
Here I am sharing you top fifty stocks that forms NSE’s Nifty index along with their short term trend. Now in this case short term trend is on weekly chart: ACC – This cement stock is in uptrend. AMBUJACEM – Stock is making higher tops and higher bottom. AXISBANK – Banking stock is in uptrend for short term. BAJAJ-AUTO – This auto stock is in uptrend. BHARTIARTL – Largest telecom stock is ... [Continue Reading]
Multibagger stock: Buy Aarti Industries Limited above 38 Long term Target 180
This stock seems to consolidates for some time, finally a breakout long trade can be entered above the 58 level only for immediate target of 72 and 84, also one must place the stop loss order below 53 level. This company is one of the oldest company listed back in 8 February 1995. Also Aarti Industries Limited has been a profit generating company for more than last 5 years. Fundamentals are also ... [Continue Reading]
Find Nifty Futures Targets with ATR Indicator on Weekly Chart
ATR stands for Average True Range, ATR indicator is used to find the average (absolute) range for a specified period of time. So the value seen on this indicator is just the average range which can be used to know how much nifty future or any other stock can move in any direction. Let me clear this with an example: Suppose nifty future is in uptrend and today nifty future just bounced from the ... [Continue Reading]