Monday, April 28, 2014
Thursday, April 24, 2014
Wednesday, April 23, 2014
In my last article I had given my views on sintex and the stock has 56% profit(Click here to read my last article). Now the stock will correct, as the oscillators are giving negative divergence signal. The stock has a resistance at Rs.51-52 and support at Rs.43/Rs.37. Keep looking at the trend-line if there is a dowside breakout the stock will rest till its support.
Sunday, April 20, 2014
From last few days Reliance is a buzz on every investors mouth because the long moving averages have made a bullish crossover. The stock has given a Golden Crossover (bullish cross) which is basically a powerful crossover and well trusted one.
Normally, a stock with golden crossover is expected to be a multi-bagger stock. the short term resistances are 1020/1050/1100/1150. The supports are 920/850 and other multiple supports