Friday, August 20, 2010

BN's, from its move up from 10300, likely to halt around 11250.

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Thursday, August 19, 2010

Unitech at crucial junction.

View the complete file here -> UNITECH:

It has negative divergences in daily
and poised at the trendline support.
Both Hour & day are in sell mode
and week may become a "Sell" if closes below 83.70.

"80 to 82" is the support for the short term.
"86 to 88" are the resistances if bounces from the supports.
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BN, uptrending, moves up disregarding the hour -ve divergences.

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Wednesday, August 18, 2010

BN,uptrending & overbought, has negative divergence would weaken only below 10750.

JN.SAR and MP values are added to the Tech.table.
Even if you are an aggressive trader, make sure to get confirmed by these values after initiating a trade. Keep a strict SL when going against the trend at overbought conditions.
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Tuesday, August 17, 2010

BN, overbought & uptrending, yet to confirm a reversal.

Stop & Reverse for the Uptrending Bank Nifty is 10509.(for today)
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Monday, August 16, 2010

Technical Analysis of Stocks.

1. R I L.......2. S B I........3. Tata Steel ........4. Tata Motors
5. Icici bank...............6. Unitech..............7. L & T
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BN, with its sharp upmove, after a triangle break out likely to correct.

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