Buy Union Bank OF India, February 18

In a broader perspective, the stock is oscillating within a wide range of `133 to `94. After a steep fall from `124, the stock slipped into a consolidation mode and moved in a narrow range for nearly two weeks. In the process, it has managed to find the support marginally above the lower end of the range and posted a low of `100.50. At this juncture, the hourly chart displays a breakout from the ‘Falling Wedge’ pattern at `104. The volumes have also picked up significantly during this price activity. In addition, the daily ‘RSI-Smoothened’ momentum oscillator is now on the verge of giving a positive crossover. Combining all the above technical evidences, we advise traders to buy the stock from current level to a decline up to `102. The stock initially has a potential to rise towards `116 and in extreme bullish scenario, it may even test `120 level. The stop loss for this trade set up can be maintained at `97.40.

Comments

NDPMS Stock Advisory

It is entirely possible that NDPMS could have, from time to time, some trading or investment positions in the stocks being discussed on the blog. This blog is not intended for distribution to, or use by, any person or entity, any jurisdiction or country, where such distribution or use would be contrary to local law or regulation. Reproduction in whole or in part without written permission is prohibited.

12.1% Equity Return in 10 days !! Review it to believe it !!

This is a pseudo folio. The base folio amount was kept at Rs 1 lakh and was created on September 26, 2015. Most of the positions are still open hence please consider this post as an update on the folio.The folio heat was kept at 10% which in simpler words mean that of all position gets their stop losses hit, the folio will drop maximum by 10%. Risk reward ratio is kept at 3:1 which implies that target points are set at 3 times the risks per position taken. This post is subjected to promotion of NDPMS Stock Markets Training Program. Please read the disclaimer before forming any opinions about the post, stock markets or NDPMS Wealth Management. Disclaimer: The intention of this post is not at all to entice the blog viewers to take up NDPMS Advisory Service. The post is solely used to promote NDPMS Training Program. It is entirely possible that NDPMS could have, from time to time, some trading or investment positions in the stocks being discussed on the blog. This blog is not int...

Professional Trading !!

Professional Trading is a profession where an individual makes his living from trading in stock and commodity markets. A professional that involves prolonged training and experience. It provides you with other various opportunities. It gives you freedom of time and money. It has no competition threat. There are no deadlines, no geographical deadlines, no dependency on staff. You are your own boss. When people come to the world of trading many think that they only need to learn a strategy and follow the rules of that strategy and they do this for a while. The problem with those who do not first get a good foundation of the markets is that when the markets change or when they have a draw down they start making mistakes. Those mistakes lead to self sabotage even in the healthiest of minds. The process of trading is only enjoyable when your sub conscious mind figure out the right ways for trade. In other words those who start with passion very often find that those feelings are...

NDPMS Wealth Management

Search This Blog