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Tag Archives: Dow theory

Recent Bearish Price action setup of Trapped traders in Bank of Baroda Shares

A Bearish Price action saga in PSU Banks

By Trading Predator February 19th, 2018 No Comments

Public Sector Banks are crumbling under bear’s grip, Shares of Major PSU banks are trading lower as they continue to take the hit post PNB Scam. As Charles Dow (the famous forefather of Technical analysis and Inventor of Dow theory) once said “Prices discount everything”, Price action of many Bank shares reflected the Bearish sentiment.

Power Grid Share Prices reflects Trend termination on 5h chart. Based on Price action analysis

Power Grid Price action reflects Selling climax and Trend termination

By Trading Predator October 20th, 2017 No Comments

Power Grid Corporation of India Limited (NSE: PGRD) is a good bet for contrarian traders. Share prices tumbled from 225 – 199 in a span of last 3 months, which technically is an intermediate trend (Weeks to Months) as per Dow Theory. Fundamentally not much has changed with Power grid, the sell off is primarily

Axis Bank - Will the uptrend continue or reverse

Axis Bank – Is it a New Uptrend or Temporary fluctuation?

By Trading Predator March 8th, 2017 No Comments

Axis Bank share prices are making higher highs. We are seeing a correction or retracement above 500.00 (a notable psychological round number and key level). Well previous retracements which tested the trend resulted in trend continuation – Will the same happens this time? Since the beginning of this year, Investors are quite optimistic on this