CMP : Rs 19.7
Long Term Supports : Rs 18
Stock Lost more than 90% of its value right from the start of 2006. Currently Celebrity Fashion is trading above 200 day moving average(Rs 18) for the past 1 month which doesnt happens in past 2 years. Stock also shows a multimonth positive MACD divergence in both weekly and daily charts. These factors shows that traders sentiment in this stock has changed much positive than before and more possibly Rs 18 will act as strong supports in medium term. Even if we apply 13,34,55 EMA principle(Not Shown in the charts) it is pointing to a bullish sentiment in this stocks.
Related Readings and Observations
STRADDLES ARE STRANGLES – Lies, Lies and Damn Lies -9 Sellers of naked calls face unlimited loses if the price of asset they sold goes up. For example if a speculator sells 1000 MSFT calls at strike 25 for a premium of $2, his loses starts […]
Dow Jones Moving Towards 11200
Dow Jones is moving towards the enthusiastic GANN Resistance zone 11200level. Source:
www.marketcalls.in
Simple Breakout Trading System Here is an excellent video to guide you how to trade using5 Min Charts by following Simple Breakout Trading Systembased on Swing High/Low.Source:
www.marketcalls.in
- Free, Live Event – ANY Market, ANY Timeframe: How to Spot New Opportunities On July 31, you are invited for a rare, free opportunity to see for yourself how to use simple, everyday price charts to find reliable trade setups -- in any market and any timeframe. This […]
Nifty Futures September 2016 Overview Nifty Futures currently trading in a broader consolidation range for the entire august month and the September series contract is still trading in the broader range between 8575-8800. […]
Community Webinar: Brief Introduction to Point of Control and Trading Strategies on Point of Control Here is a market profile webinar (90 mins of recorded online webinar) which we did for the marketcalls slack community members on the Brief Introduction to Point of Control and Trading […]
Sir,Will you please have any view on CRANES SOFTWARE ?As daily from one month block deal happens at the begingng of the market. And other thing that I want to point its 52 week high/low, i.e. 110/33. Fundamentally, also its currently trading at the P/E of 4. The result of the comapny also shows growth in profit.Will you please through any light on this ?
Iam sorry Nishant Nothing intresting with the charts. Stock May remain in sideways in medium term. More consolidation needed for the uptrend to continue
thanks raj the stock mentioned by you really good on charts with limited down side.