Three-push-and-tick-divergences-signal-likely-intraday-top

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I wanted to give a quick mid-day update on the current RELiance Infra. Let’s take a look:

There are some quick lesson to learn.

First, let me say this is an afternoon update and there is still over an hour until the close, but for what we’re seeing right now, it would appear odds favor the intraday high has been made… or at least that a significant new high is a lower probability outcome.

As soon as Reliance Infra making the top of 1150 of intrady , we can clearly see the 3/10 PPO is giving negative divergences where you can take short positions.

Graducally , from white line you can see there many negative divergences created and prices move down..

There’s certainly no guarantee price will inflect downward off these levels, but the odds certainly favor a continuation downward move… or at least that reward remains to the downside while reward remains to the downside from a strictly technical (chart) perspective.

Be safe out there and please check back for more updates.

Thanks,

Bhupesh

NagarJuna Construction - Example of a Trading Range

Nagarjuna Construction Seems to be in Some kind of Trading Range with Upward Bias.

Buy Level 120-125 , Resistance around 155-160.

If it crosses 160 and trades above , we can possibly then can see a Good upmove to 200 levels.

Keep an eye on these stocks

- Allied Digital Services Limited
- Gallantt Metal Limited ( If volumes are good )-
Resurgere Mines & Minerals India Limited-
Harrisons Malayalam Ltd
- PBA Infra
- Man Industries (India) Ltd
- Meghmani Organics Limited

Buy Harrisons Malayam CMP 92

Frnds,



Tea we all take, i think so. Ever thought your tea can give you money as well!..



here is your chance to get into the Tea stocks and make a decent money on this...



One of my pick in tea Sector is Harrisons malayam. The stock is current trading @ 92 and structurally , it looks vey positive as 5 day SMA above 10 DMA and 30 DMA above 50 DMA. Very bullish sign .

I suggest buying with a SL of 85-89 and a target of 125-145.

HML is a company that has witnessed many seasons and weathered many storms. Today it is growing from strength to strength, taking advantage of the changing paradigm for agriculture in India. HML is part of The RPG Enterprises, one of the largest business conglomerates in India with business interests ranging from tyres, cables, power transmission, telecommunications, pharmaceuticals ,speciality chemicals to retail and consumer marketing, hotel, tourism and entertainment .


So enjoy your Tea.


Thanks,
Bhupesh

Follow up on TATA MOTORS

Now the next logical target seems to 550-572. Lets Wait & watch..

In my ealrier post i discussed Tata motors may touch 450. Now whats next it is trading 450 now.

Patience is the art of hoping

Patience is the art of hoping....

Traders Choice

Check this out :

http://traderfeed.blogspot.com/2008/01/what-makes-expert-three-surprising.html