Monday, December 22, 2008

TATA STEEL RSI DIVERGENCE




TATA STEEL charts are showing positive divergence between RSI & Price on a daily chart.
Looks good for short term target 0f 245.
One can also consider buying Call Option of Dec. series.
Readers can draw their own conclusion about the risk & potential.
Please go through Disclaimer on this blog.

Disclosure: I may have position in above said stocks for myself/ family members / friends.
Add Video

Saturday, December 20, 2008

Silver - Price / RSI divergence


Silver poise to move north as there seems to be positive divergence between price & RSI on the chart.
Readers can draw their own conclusion about the promise and potential.
Please go through Disclaimer on this blog.
Disclosure: I may have position in above said script / Commodity for myself/ family members / friends

NTPC -

NTPC has rised substantially from Rs.154 to Rs. 182.

One can book partial profit & keep an trailing stop loss on existing position.

Some more scripts look intresting on divergence basis.

Please go through the disclaimer.