BULLS are trying to kickstart BHARAT FORGE

 

Here’s the Chart

 

Bharat Forge post earnings made a big surge and generally that’s how stock starts its momentum journey. If there is follow through and stock during consolidation does not decline below 219 – then one can look at target of 270 on upside. 
The Problem
When stocks are in downtrend, they make so many false starts that it becomes difficult to bet on the right one. It’s like trying to start a bike which you keep kicking hoping this effort will work. We don’t know whether this effort will succeed. One can attempt a trade with 219 as stop loss knowing fully well that risks are high.

TATA MOT DVR CAN TEST 175-190 IN SHORT TERM

Reco Tata mot dvr fut as a buy FOR PAID CLEINTSon wednesday @ 144 & Stock did 152 intraday ( lot 2000) PROFIT 16000 RS

AS OF NOW AS US MARKET IS TRADING 200 POINT DOWN CAN EXPECT TATA MOTORS TO START WITH A GAP DOWN WHICH WILL PRESENT US ANOTHER EXCELLENT BUYING OPPORTUNITY
 

Lets look at the Technical Reason behind the buy call

 

HOW'S TATA MOT LOOKING TECHNICALLY ??

 

Clearly , Tata Mot is nearing its all time highs @ 337-40 ...but its dvr is 25% away from its all time high of 190 , so there may be a case of catching up with original share price & Dvr might move more than Tata mot from now on !!

Hope you find this post useful , plz forward it to your friends 

SHORT TERM BUY GLENMARK PHARMA

This Stock has been my Favourite Pick over the Years & I've been recommending it on Regular basis

HAVE RECOMMEND IT WHILE IT WAS TRADING AT 170 2 YEAR BACK AGIAN AT 300 LEVELS AND 420 LEVELS 

NOW AGAIN IAM GIVING A FRESH BUY CALL ON THE STOCK

Buy Glenmark @ 530-20 SL below 505 Possible Tgt 620-650 

 
 

S&P500 is make or break level=1685?

Why 1685 on S&P500 is make or break level?

 

 

 

Today is going to be interesting day on US markets. Everyone will be watching just one level i.e. 1685. Here’s why

Have a Look at last 19 trading days: Watch the Support
 
As you can see in the chart above: S&P500 has maintained its head above 1685 since last 19 trading days. Yesterday, market closed with weakness just at 1685. Hence, any follow through weakness today will breach that level. But will Bulls give up so easily.
US market flat in August
US market has gone nowhere in August but look at global markets in August: Most of them have made impressive comeback -
Brazil: 6.1%
China: 5.3%
Mexico: 4.0%
Germany: 1.9%

Decisive breakdown below 1685 will set the market for decline to 50 day moving average which stands at 1655. At the time of writing this post – Futures were sharply lower. So, lets see what happens

 

This is called buying the dip?

In Bull market: one should Buy the Dips.

What does it mean to “buy the dip”?
“Buy the dip” means pretty much exactly as it sounds. It means buying the weakness and lowering average acquisition price in anticipation of a big move in the future. It also means one is of the opinion that any weakness or correction in the market is just temporary and eventually market will go higher.
We all have been hearing and witnessing how bullish S&P500 has been in 2013. Well just see how Buy the dips is working right now even on intra-day basis.
Here’s intra-day movement of Emini (S&P futures) of last 5 trading days:

August 07 2013:
 

Early morning sell off and then recovery
August 08 2013

 

The same happened on August 08 too. Early morning sell off and then recovery
August 09 2013

 

The same happened on August 09 too. Early morning sell off and then recovery
August 12 2013

 

There was a big gap down opening and then one way recovery. Today also market sold off in the morning only to recover in the second half
August 13 2013
 

What’s common in all the above charts:

Temporary Early morning weakness
Buy the dips crowd comes in
Takes the market higher rest of the trading day.
The best part is that above is happening with amazing consistency. That’s what happens in Bull market: Dip buyers are always active.

CAIRN STUCK IN A TRIANGLE

Cairn India is forming a triangle with breakout points at 315 and 280. Although there could be quite some time before we see a clear breakout on it but worth keeping a tab on this stock as pattern suggests sooner or later the stock will get out of the contraction.

SHORT TERM CALL BUY ASIAN PAINTS

BUY ASIAN PAINTS FOR SHORT TERM BETWEEN 420- 400  TWO PREVIOUS BREAK OUT LEVELS STOCK MAY FIND GOOD SUPPORT THERE SL EXIT IF IT CLOSES BELOW 380 FOR 2 CONSECUTIVE DAYS