"SBI" and some other PSU banks have given a breakout from a 2 month consolidation pattern. Sectoral play may come into play here and PNB is an outperformer in the banking space.
50-DMA(Brown) may offer supports @ 665. If macd turns up in the next 2 days time, this negative divergence may get negated.
4 comments:
Dear Sir,
Thank You for your reply
I feel that readers of this blog shuld look in to this trade cause i have heard many good traders win buy buying stocks which is making a new high.
Buy it between 625-35 and as per my fibbonacci target it shuld achieve 913 then 1159 in few months
Only one doubt if this is a b wave of a iregular correction then also it will atleast go to 785. 115 % of wave A.
Thankyou again sir
Best of Luck
Regards
Yasharth Nathani
It's quite happy to c the stock specific chart.. me too nowadays following some specific nifty index stocks and especially oversold and overbought stocks.
Currently following KPL's page and trying to do swing trades...
Please guide me for the 1st one... where can i find the details.
Thanks in advance
Hi..Sujatha,
Once you have gone through "Kpl's page" for "OS" stocks, you can view the charts in "icharts". I think there is a link from Kpl's page on the stock itself.
Manoj of "Tryin2trade" also gives "Stock views".
Buy the stocks and hold them when Nifty is in uptrend. Defensive stocks like FMCG, Pharma do not require Nifty's help.
Best regards.
ilango
Thank u..
He is not mentioning specifically OS/OB stocks i am picking up from his swing/RSI level... and not doing bad..
Regarding the stock specific - holding one FMCG, and one AUTO... which is in good profit... no idea to give untill the trend change..
Regards
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