After a good consolidation, it is attempting to move past "it" once again with some good positive divergences in many stocks.
If there is a shallow correction from the "resistances"(upto 5100/5070), it will be very bullish.
Part booking may be done @ around 5200 to re-enter around 5100.
The following post at "Slope of hope" is worth reading by large portfolio holders for part booking as well as reinvesting based on certain weekly indicators.And the same has come into "BUY" mode now. Being a weekly indicator, it can delay the price reversal by few days....if not reverses immediately.
20 comments:
Today's range : 5130-5180.
Close : 5150+/-20
hi testing
Good Morning all.
My 2 cent analysis with chart...
http://safegamble.blogspot.com/2010/06/nifty-analysisjune-14.html
Thanks
-- gd
good morning all
The more eyes on the charts and the market gives us the distinct advantage to play the game with them, not against!
-- gd
Hai everyone
Tata steel daily chart update.
http://niftychartsandpatterns.blogspot.com/2010/06/tata-steel-daily-chart-analysis_14.html
Thank you
GM all!
Good Morning Elango Sir and All,
Have a nice profitable trading today.
Hi ,
There seems to be a -ve div in 15 min chart
Good Morning Sir and Friends. Each word noted Sir. I understand it as "time to book profit on raise and accumulate on dips".
GM Ilango Sir and all blogmates.
@ilango sir,
If 5170 holds, this is a buy to 5210 ? 5165-70 is acting as a resistance. If it goes below again, a short to 5120 ? Both intraday calls.
Thanks
-- gd
good morning sir,
good morning friends
OT...
Experts opinion on EXCEL INFO ? Risky ?
Thanks
-- gd
There is a -ve divergence developing in the 5-minute chart and it is happening closer to the resistances discussed earlier -5180-5215.
A correction might unflod from those levels.
hi...lango...m holdin nf @5100 since friday...shd i exit at ds level or it is still a hold??...rgds..
Looking at the comment box today no. of comment has been
very low. So people are not happy with this kind of upmove
in market i.e. they are holds short with some loss. Come
out from that position wait for dip to enter long. This
market given a lesson to all
NEW POST DONE.
@ Mona,
Part booking was suggested. The above info. is useful for intraday trades.
tnx..llango..
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