Retracement strategy, a must for traders.
1 month ago
Wednesday, November 4, 2009
Mercator Lines Limited
Stock has been in a corrective mode since "Post election" move.
It has reached the first fall region of 40 and expected to bounce.
During this rally, it will face resistance above 50.
35-40 looks to be the accumulation zone for a medium term play.
Continue Reading...
It has reached the first fall region of 40 and expected to bounce.
During this rally, it will face resistance above 50.
35-40 looks to be the accumulation zone for a medium term play.
SBI
SBI is correcting towards the channel support around 2050.
Oversold short term may result in a rally towards 2200 to 2300 zone where one may initiate a "Sell" and hold for Nov. series end.
Continue Reading...
Oversold short term may result in a rally towards 2200 to 2300 zone where one may initiate a "Sell" and hold for Nov. series end.
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