A theory which says that the market is in an upward trend if one of its averages (industrial or transportation) advances above a previous important high, it is accompanied or followed by a similar advance in the other. The theory also says that when both averages dip below previous important lows, it's regarded as an indicator of a downward trend. Dow created the … [Read more...]
The Nifty Levels for 28th October 2009
Please find the correct levels for nifty The Nifty Levels for 28th October 2009 are First Resistance = 4924 First Support =4798 Second Resistance =5007 Second Support =4755 Breakout above = 5050 Break down Below = 4672 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 28th October 2009
The Various Stock Tips Given by the various analysts and Stock Brokers are : Spicejet Ltd. - Daily Stock Recommendation 28-10-2009 Source Action Tip Period Target Price (Rs.) Anil Singhvi Buy, stop loss Rs 36 - 40.00 Dabur India Ltd. - Daily Stock Recommendation 28-10-2009 Source Action Tip Period Target Price (Rs.) Shomesh Kumar Buy … [Read more...]
Triple Bottom (Reversal)
The triple bottom is a reversal pattern made up of three equal lows followed by a breakout above resistance. While this pattern can form over just a few months, it is usually a long-term pattern that covers many months.it is a pattern used in technical analysis to predict the reversal of a prolonged downtrend. The pattern is identified when the price of an asset creates three … [Read more...]
Triple Top (Reversal):concept
The triple top is a reversal pattern made up of three equal highs followed by a break below support. A pattern used in technical analysis to predict the reversal of a prolonged uptrend. This pattern is identified when the price of an asset creates three peaks at nearly the same price level. The bounce off the resistance near the third peak is a clear indication that buying … [Read more...]