Head and Shoulder pattern was observed in Hero motor Corporation. This pattern was witnessed by high volumes during left shoulder. We could take short position at 2473/- with SL 2553/-. The target could be
There was a triangle break out observed bullish side in Varun Beverages. The break out happened around 70% of triangle size. Heavy volumes traded while break out was witnessed the bullish signal. So we can take
In Tata global beverages, bullish flag pattern was observed. There is a steeper pole and rectangular flag with flag size 7 days. High volumes at breakout point also witnessed the pattern. So we can take long
Double bottom pattern observed in Asian paints stock. The gap between two bottoms were around 2 months. Heavy volumes at point ‘C’ are witnessed for this pattern. So we could take long position at above 1480/-
As per Dow theory, HDFC stock is in uptrend. Buy position at 1470 (high vols witnessed) with stop loss 1182 (previous high bottom). Exit position at 1755 as price crossed below the previous bottom with high
Dow derived a theory for identifying market Trend by using supply and demand levels of stocks based on historical data. This theory is called Dow theory. To forecast the market Trend by using supply and demand,
Technical analysis is very important for traders. Irrespective of company Fundamental, stock price moves up and down to certain levels. These levels could be identified by using technical analysis.
If we forecast the stock price will go up or down in coming future (in 1,2 or 3 months of time), then we can buy or sell the stock futures contract. Here we can trade bulk quantity with around 30% of total cost
Trade plan is nothing but money management. We should not take risk of more than 2% of our capital in single trade. Then only we can trade on long run, at least 50 trades if we fails all the trades.
Our entry and
Stock market is a place where buyers and sellers are available to exchange their shares. We need stock market to get buyers and sellers at one place to buy or sell their shares from one another. Securities and