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Neyveli Lignite Neyveli Lignite Corporation (NLC), a PSU situated at Neyveli in Tamil Nadu, is engaged in the business of lignite mining and power generation. It is one of the largest power generating companies in the country with a capacity of over 2,000 MW. NLC has an installed capacity to...

NSE Nifty - New Intermediate Uptrend The Nifty finnaly confirms the beginning a new intermediate uptrend by closing above its previous intermediate swing high (top) of 1626.00 This along with the final arrival of the monsoons could possibly trigger a new bull market which I am sure we are...

Surya Roshni - Low Price Mid Cap Stock Surya Roshni has been forming a Double Bottom Pattern (see attached chart). What is a Double Bottom The double bottom is a major reversal pattern that forms after an extended downtrend. As its name implies, the pattern is made up of two consecutive...

Global Trust Bank - Gone Bust! PLEASE POST YOUR COMMENTS/GRIEVIENCES BELOW...

Zee TV - Contracting for a Breakout! After consolidating for over three months, ZEE TV seems to have completed the formation of a symmetrical or contracting triangle pattern. The symmetrical triangle is best described as a continuation pattern, a formation that represents a slowdown or...

Welcome to the new General Investors Grieviences forum. If you have any grouse or grieviences against any intermediateries related to the Indian Capital markets please post them in this forum. Please remember that this forum is not aplace to vent your anger. Abusive language or...

STOCK PICK Trend and Technical Analysis of Finolex Industries Finolex Industries - The beginning of a new intermediate uptrend? Since February 2004, Finolex Industries has been facing major resistance at the Rs. 60.00 to 62.00 resistance band. However after the announcement of sops for...

Moving Averages Moving averages are one of the most popular and easy to use tools available to the technical analyst. They smooth a data series and make it easier to spot trends. A moving average is simply the average of a series of numbers over a period of time which is constantly updated...

Price bars and Bar Chart The bar chart is the most popular chart used in technical analysis. It comprises of various price bars as shown in the chart bellow. The x-axis represents time and the y-axis represents price. Price Bar A bar chart is nothing but a vertical line bar in which the...

Support & Resistance Levels for the NSE Nifty 50 After closing below its support band of 1456 - 1480 the Nifty bounced back. It would be interesting to see if the Nifty will be able to cross its resistance at 1525.00 and 1561.00. See attached chart below for more levels of the Nifty...

Technical Trend Analysis Support & Resistance Levels for the BSE Sensex Technical Trend Analysis Support & Resistance Levels for the BSE Sensex Support and resistance represent key junctures where the forces of supply and demand meet. In the financial markets, prices are driven by excessive...

Reliance Industries Ltd. (RIL) Reliance Industries has been forming a pennant pattern on the charts over the last few weeks. What is a Pennant Pattern? Pennants are short-term continuation patterns that mark a small consolidation before the previous move resumes. These patterns are...

Welcome to Traderji.com - a discussion forum for Traders & Investors in Indian Stocks & Commodities! Traderji.com was formed with a mission to bring together Indian stock & commodity traders and investors to discuss, share, exchange ideas and experiences (good & not so good) with each other in...

As promised, for every 50 posts made on this forum I would make a one new post. So here I am. The BSE Sensex has broken a major support of 5550. The break of support in a descending traingle pattern means lower prices ahead. So where will the market correct down to? To calculate the downside...

After staying above its 50 day moving average since the beginning of this bull market (May 2003) the Sensex has lately been zigzagging below and above it. What does this mean and indicate to us? What kind of signal is the market giving us! The trend is currently sideways and the market is in a...