Tata Steel has formed a triple top and also has confirmed the down ward trend after breaking the neckline below 460 levels. Open Interest also increased...
Continue reading...April 2017
BEARISH BUTTERFLY FORMATION IN AMBUJA CEMENTS
Bearish butterfly formed in Ambuja cements. Moreover, open interest positions suggesting that the traders are shorting the stock as prices are falling and open interest increasing...
Continue reading...NIFTY FUTURES LOOKING TO TEST 9335-9350 LEVELS
Nifty futures are ready to take another higher top around 9330-9350 levels which is actually a trend line resistance. After opening on a flat note nifty...
Continue reading...RELIANCE CAPITAL HAS FORMED A ROUNDING BOTTOM IN AN UPTREND
A rounding shape pattern in an uptrend resembles that the price is going to continue the trend as it has formed a base to move further....
Continue reading...SHORT SIDE OPEN INTEREST BUILD UP IN RELIANCE
After making higher highs now RELIANCE INDUSTRIES is looking a bit in over bought condition.Shorter term indicators suggesting a bit of negative divergence.RSI oscillating in over...
Continue reading...INVERSE HEAD AND SHOULDER FORMATION IN CAIRN INDIA.
An inverse head and shoulder formation is a price pattern which resemble the upside momentum to continue after a neckline breakout.It considered to be highly authentic...
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