Herrick Payoff Index is useful for the early spotting of changes in price trend direction. So we can use the Payoff Index to distinguish trends that will most likely be short-lived from those that are destined to continue. The Herrick Payoff Index is a good tool to forecast the money changes into future contracts. It uses analyzing of volume, price changes, and open interest … [Read more...]
Nifty Levels for 8th February 2010
Please find the correct levels for nifty The Nifty Levels for 8th February 2010 are First Resistance = 4744 First Support =4676 Second Resistance =4783 Second Support =4647 Breakout above = 4812 Break down Below =4608 The above levels are for intraday only For Sure Shot pack and good Gains in Nifty Please visit Nifty Live Charts.com … [Read more...]
FREE STOCK TIPS FOR 8th FEBRUARY 2010
The Various - Daily Stock Recommendation Given by the various analysts and Stock Brokers are : Allahabad Bank - Daily stock recommendation 08-02-2010 Source Action Tip Period Target Price (Rs.) Hemen Kapadia Buy, stop loss Rs 132 - 141.00 Sumeet Industries Ltd. - Daily stock recommendation 08-02-2010 Source Action Tip Period Target Price … [Read more...]
Application and Chart for Envelopes in Forex Trading
Envelopes are used to indicate the trading range of a given market above and below an average price. Basically, moving average envelopes or trading bands are calculated by taking a moving average and calculating upper and lower trading bands as a fixed percentage above and below the moving average respectively. These are considered to suggest extreme overbought or oversold … [Read more...]
Envelopes in Stock Trading : Concept
Envelopes refer to moving average bands and channels, which consist of a middle and two outer bands. Envelope theory states that prices are most likely to remain within the boundaries of the envelope. When prices go outside the envelope this can indicate an overbought/oversold situation. An envelope is generally two moving averages, one adjusted to be above price, the other … [Read more...]