Power Finance Corporation has been an outperformer and is trading near its 52 weeks high level. In the previous session also the stock managed to show a gain of 4.5%. We have been bullish on this stock and captured the…
The daily chart of Dow Jones Industrial Average shows that the prices are making a slow but steady move towards the 26000 levels. The price action continues to remain above the 30 period EMA; going ahead we can expect this…
Bank Nifty Index has been trading near its life time high level and has been in a strong uptrend. We have been applying various techniques across various segments to capture the ongoing trend. During such times it is better to…
DJIA looks to have finally seen to have broken out of the consolidation range of the past few trading session. An interim low near 25208 levels looks to be in place. Break above 26000 will open up gates for further…
The daily chart of Dow Jones shows that the price action continues to remain above the 30 period EMA, with reduced volatility. The prices fail to break the low of the previous candle on a closing basis, indicating the presence…
The Daily chart of DJIA shows prices sustaining above the 30 EMA, indicating presence of bullishness, however can see reduced volatility which points towards the possibility of some more range bound price action. The immediate support level remains at 25472…
We have been bullish on this stock when prices reversed post making a low near 520 levels and started making higher high higher low formation. We have been using Elliot wave theory coupled with Fibonacci extension to project where the…
The daily chart of Dow Jones shows that the price action is currently above the 30 period EMA, thus going ahead the EMA might act as a support. We can expect slight consolidation at the current levels. A break above…
The daily chart of Dow Jones shows the index had good volatility on the downside and finally gathered the momentum to break the support level of 26000 and took support on the 30 period EMA. We can expect a pullback…
We have been able the capture the swings in various stocks with the help of Elliott Wave and Fibonacci projection techniques for short term trade set up. Below is the chart showing detail analysis on hourly chart of Eicher Motor…
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