SELMCL Montly Charts
SELMCL is oscillating between the 5 EMA(High-Low) Montly bands since April 2009
and gave a buy signal(as shown in green arrow on the montly chart) on last Dec 31,2009 with huge spike in volume and also trading
above the 5 EMA(High) Montly for the ver first time . Earlier attepmt to close above
5 EMA(high) had made during Jan 2008 season.
There interesting fact is that currently this stock is trading above 13 EMA>34EMA>55 EMA
as per daily time frame i.e Rs74.24>Rs72.89>Rs72.26 and also above 200 day Moving average 71.05. All the above factors symbols the bull pattern formation in this stocks
and suits for 3-4 month investing purpose for 25-30% gains from this stock
And as per weekly time frame supports are available at Rs 73.34(13 EMA-Weekly) and 76.93(34 EMA-Weekly).
Investors can try to invest in dips in this counter with a tight stop loss of Rs73
Related Readings and Observations
Test Streaming – Live Marketcalls TV Watch live streaming video from marketcalls at livestream.comSwitch to Full Screen Video
Streaming Amibroker Realtime Data for Nifty(5 Minute NMA Charts) till […]
How long this short-term price compression holds in Nifty Futures? Nifty Structure is poor in the last three trading sessions indicates the presence of short-term players. Often short-term players are fickle minded and they have a tendency to reverse […]
Tradesender : Now Send Signals from Amibroker to Android Phone/Tablets Tradesender is typically a messaging system which captures Buy, Sell, Cover, Short and AlertIf() signals from your amibroker frequently and sent to your smartphone/Tablets instantly as […]
Nifty and Bank Nifty 90 min charts for 11 Jan 2012 Trading Nifty and Bank Nifty is in buy mode on the 90 min charts since 4th jan 2012. currently supports for both nifty and bank nifty comes near to 4746 and 8443 respectively.
GANN Big Picture – Overview
4945 holds a major supports. Failure to hold on EOD basis could target next support zone 4350-4400Source:
www.marketcalls.in
Nifty Futures Short Term Supports around 11690 levels Nifty Futures On Wednesday trading session opened with good Buyers confidence however profit booking started happening post the first 10minutes of trading activity. Trading range was dull […]
Leave a Reply