Friday, September 14, 2012
Thursday, September 13, 2012
Wednesday, September 12, 2012
It’s a couple of weeks ago I had told you regarding a Falling wedge pattern forming on Ashok Leyland along with divergence. We had seen a Breakout yesterday, I expect a rally.
The Resistance are as follow
Previous article on Ashok Leyland: Click Hear
Tuesday, September 11, 2012
It’s a long downtrend for Praj Industries one of Rakesh jhunjhunwala stock. After a long fall I just spotted a Divergence in this stock along with few attractive things, RSI is below 30 and MACD is about to make a Positive crossover. Market sentiments on this stock isn’t so good but worth caching it above 45 for a long or medium term
Monday, September 10, 2012
Wednesday, September 5, 2012
We always know that Indicator is the reflection of a price. Whenever we see a Bullish/Bearish Breakout in price we see a reflection on indicators. Yes, we are seeing 2 H&S Pattern here in this stock. But I think the stock may not be able to cross neckline. We have seen a Negative Breakout in RSI.
The stock is going to consolidate around 770 later it may head to break that Neckline. “BUT NOT KNOW”