Tag Archives: NSE
ITC – Price action trading focus rests on the Intermediate trend line
By Trading Predator January 8th, 2018 No CommentsWhen we look at the Weekly chart of ITC Share prices its obvious to notice a Volatile intermediate uptrend. If we draw trend line by connecting the higher lows from 2016 not only we could witness the Intermediate uptrend and market prices now trading near that trend line. ITC share prices constantly rallied from 2016
Here’s the Primary Reason for Price action Uptrend in Auto Stocks
By Trading Predator January 4th, 2018 No CommentsIn the year 2017 auto stocks managed to outpace the benchmark equity index. In the past year, Sensex gained 28 percent whereas BSE Auto index soared 32 percent. First time since 2013, car and SUV sales surpassed 3 million in 2017, despite the GST rollout and demonetization turbulence. According to the initial estimates, there was
Keep an eye on Small cap Stocks in coming year
By Trading Predator December 29th, 2017 No CommentsYear after year, Indian small-cap stocks are delivering big alpha to the investors. Since January, investor’s wealth has almost doubled because of the 150 stocks from the BSE small-cap index. On a year to date basis, the index nearly soared 50 percent and each of the HEG and India bull ventures surged over 1000 %.
Yes Bank – Downside Breakout, beware of Bull traps
By Trading Predator November 7th, 2017 No CommentsWe can Observe a sharp downside breakout in Yes Bank (NSE: YESB) daily chart, market prices retesting near the broken support zone 340 – 350. Top private sector bank stocks took hit after government unveiled PSU recapitalization plans; YES Bank is one of those shares that tumbled right after the announcement. Though it’s not the
Power Grid Price action reflects Selling climax and Trend termination
By Trading Predator October 20th, 2017 No CommentsPower 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
