VADILALIND NSE READY TO BLAST?

VADILALIND (NSE) has been trading in a nice descending channel and now an inverse head and shoulder pattern is clearly visible on daily chart. Stock is holding above its 20 and 50 days SMA and 20 days SMA has given a bullish cross above 50 week SMA confirming a short term shift in trend. MACD has climbed above zero line and now getting ready for a bullish cross above signal line that would attract fresh buyers in this stock. Stock has formed a breakout above neckline of inverse head and shoulder pattern. Now rally towards 200 days SMA (160) looks imminent and further stability above the same would extend current bullish move for a retest to down sloping trend line resistance of a bearish parallel channel.

Recommendation: As per charts and explanations one can go long in this stock around 148-140 zones with a stop below 130 for targeting 160-180 in near term.

Comments

Will Exhaustion Gap Halt the Down Trend in Nifty?

In this video we have explained what NIFTY is likely to do in next few sessions.

First step towards becoming Financial Independent...

Success is not getting a highest paying job but success is when you get enough free time for yourself you can do whatever you want you can go wherever you want to go without concerning about your job and effecting your lifestyle. Generally people waste their early age in preparing for govt. Jobs and they put their energy and time for preparing job but among those only few people get the govt. Jobs and rest stay jobless with wasted time of 3 to 5 years of their graduation and mostly spend their life jobless or with mediocre salary. In India people In their early age after graduation don't have much pressure from family for earning and they usually use this time to prepare for competitive exams for job and take some courses and among them only few people get job and rest remains jobless and then they keep blaming the system for their unemployment. Let's take an example to understand magic of starting earning and saving in early age. Because in ea...

BANK NIFTY - NIFTY RATIO PLAY

Sometimes, in unfavorable circumstances it becomes bit difficult to take a directional view on entire market or on a particular asset. But in financial markets we have seamless opportunities even at the times when your systems are not able to take a directional view on an asset or when fundamental and technical are not streamlined. Ratio trading is one of those opportunities. In past we suggested a ratio trade in gold and silver while gold silver ratio was at 120 and today this ratio stands at 76. Means people who traded this opportunity could bought 120 kg of silver by selling 1kg gold and now they can buy 1kg of gold just by selling 77 kg silver means this opportunity has earned you 43kg silver. Today again I am back with my analysis on BANK NIFTY and NIFTY ratio. Current Bank nifty- Nifty ratio stands at 1.94. Areas of 1.90 has served as good support for this ratio since 2012. However, this ratio has hit 1.62 during 2013 but was not able to spend much time in that territory and ...

LET THE MARKET TELL WHO WE ARE

Search This Blog