Technical Analysis of Chennai Petroleum,Crompton Greaves and Indowind Energy

Chennai Petroleum
Chennai Petroleum if you see the stock price from past few trading sessions one thing is observed that 100 SMA is  quiet diffcult nut to crack for this stock.After breaking 100 SMA stock has attempted atleast 4 time to crack this elusive resistance and was unable to.
But Can it do this time?
If you see [...]
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Technical Analysis for Tata Motors,HBL Power,Sasken and Finolex cables

HBL Power System
HBL Power System has been under bear hammering from past 4 trading sessions and now it is trading around its lower trend line support at Rs 31 as seen from the daily chart stock has always bounced from its lower trend line and we can same to accept now.
RSI and MACD are bit [...]
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Why Traders Loose Money?

Over the years, I have seen several people (including myself) lose fortunes while trading stocks, and I’ve found that invariably, it would be for the same reasons. Such reasons appear mostly psychological and occur often in the trading scene.
It is a known fact 80% of traders lose money and 20% makes profits on the expense [...]
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Technical Analysis of HCL Tech and JET Airways

HCL TECHNOLOGIES
HCL showed a sharpp bounce from 353 Levels which is coincidentally its 200 SMA,but on shorter time frame failed to cross above its trendline as indicated on charts
MACD is showing a sell signal,RSI moved into near oversold zones,Trade can be intiated both on long and short side depending upon levels given
Buy above 372 tgt [...]
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Breakout Trading System

Breakout Trading System/Breakout Trading Strategy

What Is a Breakout?
A breakout is a stock price that moves outside a defined support or resistance level with increased volume. A breakout trader enters a long position after the stock price breaks above resistance or enters a short position after the stock breaks below support. Once the stock trades beyond [...]
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Trading Calls in ICSA,Super Spinning Mills,Reliance Communication,Gillette India

Following Stocks are covered ICSA,Super Spinning Mills,Reliance Communication,Gillette India.Keep booking profits and as per your risk levels.
Super Spinning Mills
Super Spinning is forming an Inverted Head and Shoulder Pattern with Neckline placed at Rs 14.05.Stock is having lot of trading Interest Build up and can see higher levels if and only if 14.05 ie, Neckline [...]
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Nifty Intraday Trading System

Following is Nifty Intra Day trading System which can be used by Intra Day traders to make Profitable trades.
I call this Trading System Nifty SMA Cross Over System
System Consists of :
1. Open the Nifty Intra Charts Site — http://niftyrtcharts.blogspot.com/ . Go to 3 Chart where our Trading System is Present.

2. You will see the following Charts with following Averages and Indicators
10 Mins Candelstick Chart Pattern
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Reliance Industries,Raymonds,Jet Airways Technical Calls

Reliance Industries
Reliance Industries the poster boy of Stock Market has not done anything from past 1 year and if we have a look at 2 Months chart it is stuck in the range of 970 to 1070 levels and currently trading at the Upper channel.
MACD in buy mode and Trades can be intiated
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Technical Trading Rules

Following 10 Trading Rules can be used for Trading Future,Margin Trading and Trading using Technical s.
1. Map the Trends
Study long-term charts. Begin a chart analysis with monthly and weekly charts spanning several years. A larger scale map of the market provides more visibility and a better long-term perspective on a market. Once the long-term has [...]
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Essar Oil,Karturi Global,Rolta and Tata Steel Technical Analysis

Essar Oil has formed a Pennant Formation on daily charts and formed 2 Doji with less volumes also.
MACD and RSI are also in Buying Mode but Essar Needs to cross and sustain the Trend line resistance at 128 [...]
More on Karturi Global,Rolta and Tata Steel

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Ego and Trading

By: Terry Ashman

1. If you take a long or short position in the market, the market doesn’t care what price you got in at. It doesn’t care what price anyone got in or out at. It doesn’t care about your analysis or your trading methods.
2. The market is totally impassive. It is always right. It rolls along and no-one can tell it what to do. If it doesn’t go where your analysis and your trading methods say it should, and you are losing money, it’s no good blaming the market, your broker, or even your trading method.
3. If you are a “high powered” business executive who can manipulate and persuade people, it won’t work on the market. The market is impassive and takes no notice.

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Nifty Trading System

My Nifty Trading System/Stock Trading System for Positional  comprises of 5 EMA and 20 SMA crossover with MACD as a Technical Indicator.5 day EMA and 20 day SMA crossover system is very effective when it combines with an MACD crossover.
AS shown in the above we are using the 20 SMA and 5 EMA Simple/Exponential

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SBI,DISH TV,Bharat Forge Technical Analysis

I would be covering the Following Stocks as my weekly technical picks SBI,DISH TV,Bharat Forge,Jindal Saw,United Phosphorus
State Bank of India
SBI has formed double top at 2348 levels and it is having a bearish implication.Negative divergence is easily visble in RSI.
On weekly charts also stock is trading in the range of 2160-2340 Levels.
Short at 2340 levels

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Nifty Weekly Technical View

Nifty Futures Technical View


As seen from the attached daily chart we did a break above 34 EMA and triggered SL for many longs also as discussed from last week Nifty Technical View 5110 was trend line resistance and above that we can move till 5190 Levels we did move to 5147 levels but as Non Farm Payrolls came pretty bad and dow tanked  3% and we should accept a huge gap down and probably we may open sub 5000 levels.

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Bank Nifty Technical Analysis

The chart is of Bank Nifty Future , as we can see a clear formation Head and Shoulder pattern and the price has already breached the neckline .
Presently Bank nifty has given a pullback towards the neckline around 9300 , here if the price breaches and sustains above the neckline the whole pattern
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Tata Motors Technical Analysis

Tata Motors Just Rolled out its first NANO from its plant in SANSAD in Gujarat,This looks a good news for the company ,But does the Chart Says lets have a look
We can see terminal formation on Tata Motors Hourly Charts  as per wave Theory which gives the following 2 scenarios
Tata Motors Just Rolled out its first NANO from its plant in SANSAD in Gujarat,This looks a good news for the company ,But does the Chart Says lets have a look
We can see terminal formation on Tata Motors Hourly Charts  as per wave Theory which gives the following 2 scenarios
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Nifty Open Intrest

Hi All,
The traders who are trading in F&O Space must be familiar with this term,But many novice traders might not be having full knowledge and the benefits of Open Interest.I have compiled this article to have more clarity on OI and its use in trading.

What is Open Interest?

Open Interest is the total number of outstanding contracts that are held by market participants at the end of the day.
It can also be defined as the total number of futures contracts or option contracts that have not yet been exercised (squared off), expired, or fulfilled by delivery.
Open interest applies primarily to the futures market. Open interest, or the total number of open contracts on a security, is often used to confirm trends and trend reversals for futures and options contracts.
Open interest measures the flow of money into the futures market. For each seller of a futures contract there must be a buyer of that contract. Thus a seller and a buyer combine to create only one contract.

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