This blog is meant for ideas on Stocks, commodity & Forex trading. It emphasizes on importance of Technical Analysis using Swing & Candlestick Patterns. Also covers articles on Insurance, Loans & Mortage to complete the entire Financial Basket.
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.
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
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.
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