BraViSa TempleTree-India Market Calls
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Thanks Ravinder,
3IINFOTECH, is in a bearish trend on the weekly. At present going flat and a close below 62 this week will retrace bullish divergence. Back of the bear is broken. So there is a likely up move if the stock bottoms out at 62, else can go down still further.
Daily chart is at present trading short from 65.00. Getting in at 72.00, you have held on to the stock in the think of its bear move, holding long on a bearish stock is not advisable. But I don't know what is your stop loss on this trade, as you have held it even below 60.00.
As the stock shows some bottoming signs and since the previous low is close to the prevailing price, you can take a risk of holding up to that level & exit below the low. But as the back of the bear is broken, it can turn around after punching new low. So for me the stock is at present in crucial stage, but having a long position in this stock at the moment is wrong.
3IINFOTECH, is in a bearish trend on the weekly. At present going flat and a close below 62 this week will retrace bullish divergence. Back of the bear is broken. So there is a likely up move if the stock bottoms out at 62, else can go down still further.
Daily chart is at present trading short from 65.00. Getting in at 72.00, you have held on to the stock in the think of its bear move, holding long on a bearish stock is not advisable. But I don't know what is your stop loss on this trade, as you have held it even below 60.00.
As the stock shows some bottoming signs and since the previous low is close to the prevailing price, you can take a risk of holding up to that level & exit below the low. But as the back of the bear is broken, it can turn around after punching new low. So for me the stock is at present in crucial stage, but having a long position in this stock at the moment is wrong.
At present the market is very tight and does not have direction. I track only the CNX 100 stocks on the system I trade. There are some stocks which are in the watch list for future trades.
I do not post all my trades on the forum because I have to monitor all the trades I post. Adding too many symbols here will need more attention on posting. I am developing a site with Industry indices on free float methodology which is due for launch shortly. That takes most of my time in checking and giving necessary ideas and feeds.
If you have any stocks in your mind, I can analyse and give my view to you. I can even give you the reason behind my selection. As of TATAMOTORS, ALBK, RAYMOND, HCLTECH, DISHTV etc., are some of the stocks on the watch list. These are pretty strong stocks and have the potential for a trade in future.
I do not post all my trades on the forum because I have to monitor all the trades I post. Adding too many symbols here will need more attention on posting. I am developing a site with Industry indices on free float methodology which is due for launch shortly. That takes most of my time in checking and giving necessary ideas and feeds.
If you have any stocks in your mind, I can analyse and give my view to you. I can even give you the reason behind my selection. As of TATAMOTORS, ALBK, RAYMOND, HCLTECH, DISHTV etc., are some of the stocks on the watch list. These are pretty strong stocks and have the potential for a trade in future.
Buy IDFC above 182.40 with a stop of 176.10. Trailing position.
CAIRN, IDEA and KOTAK long trades doing good.
CAIRN, IDEA and KOTAK long trades doing good.
I am also very new in technicals, your call for IDFC not looking very encouraging because volume is not good at breakout. so will you please elaborate about your call as per technical.
Thanks
Thank you ajshare,
IDFC is bullish and trending on the Weekly charts while on the daily it has taken a straight drop from the peak of 195 without any divergence. There is a strong probability of re-test high or surpass it. We have taken the up tick on daily to trade long. This is not a breakout trade and there are possibilities for a trade to fail & in that case, if after taking out stop still the stock holds the strength and a valid signal we need to trade it without second guessing.
Following our system with discipline rewards richly in the long term, as markets are tight and lack direction we have to keep our risks lower. So that there is no big damage to the account when there are whipsaw trades.
Financial Sector is one of the strongest sectors today next to Consumer Services which tops in performance. While market closed weak yesterday, FINANCIALS had the lowest weakness with 51% of stocks in its list closing weak, while it was above 60% weakness on all other sectors.
Hence a rebound will be lead by FINANCIALS & CONSUMER SERVICES in the coming days.
IDFC is bullish and trending on the Weekly charts while on the daily it has taken a straight drop from the peak of 195 without any divergence. There is a strong probability of re-test high or surpass it. We have taken the up tick on daily to trade long. This is not a breakout trade and there are possibilities for a trade to fail & in that case, if after taking out stop still the stock holds the strength and a valid signal we need to trade it without second guessing.
Following our system with discipline rewards richly in the long term, as markets are tight and lack direction we have to keep our risks lower. So that there is no big damage to the account when there are whipsaw trades.
Financial Sector is one of the strongest sectors today next to Consumer Services which tops in performance. While market closed weak yesterday, FINANCIALS had the lowest weakness with 51% of stocks in its list closing weak, while it was above 60% weakness on all other sectors.
Hence a rebound will be lead by FINANCIALS & CONSUMER SERVICES in the coming days.
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Thanks Ravinder,
Escorts is pretty strong into a bullish trend on the weekly. Price has taken a dip & has reached between sweet zone. While daily is trending bearish from yesterday with macd histogram retracing bullish divergence. Keeping weekly trend in mind, we can buy this stock for a target of 210 and above. But it would be good to wait for the stock to give an up tick and then trade long.
180 is a good congestion area support for this stock which can be used as stop on your long trade. I wanted to post the Charts but there is less upload space to accommodate the files.
I will post the entry trigger when it comes, maybe a day or two should confirm it.
Escorts is pretty strong into a bullish trend on the weekly. Price has taken a dip & has reached between sweet zone. While daily is trending bearish from yesterday with macd histogram retracing bullish divergence. Keeping weekly trend in mind, we can buy this stock for a target of 210 and above. But it would be good to wait for the stock to give an up tick and then trade long.
180 is a good congestion area support for this stock which can be used as stop on your long trade. I wanted to post the Charts but there is less upload space to accommodate the files.
I will post the entry trigger when it comes, maybe a day or two should confirm it.
If the position is traded based on Daily charts, your entry is late and there is a fairly good move to happen as the stock shows strength and is adding more and more with every session.
If the position is Intraday because it is only there I find congestion break out at 368. The exit is at 388.25, while there is another opportunity for a long trade her in this stock on the Hourly.
Thank you.
If the position is Intraday because it is only there I find congestion break out at 368. The exit is at 388.25, while there is another opportunity for a long trade her in this stock on the Hourly.
Thank you.
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