Stock pick of the Month --Wipro from Indian Stock Market

Hi, Readers I was not been able to update the blog as I was busy in my business and trading. But today I have again looking to put up my best of the efforts to update the blog from time to time with great long term trade recommendations and reasons.
My today call is long term and that is of Wipro(stock listed in National Stock exchange of India), which is facing headwinds and the reason I am putting a stock like Wipro which is in strong downtrend after failure to breach and remain above 700 Rs.

Wipro Chart with possible support and Resistance Area Marked

Even Pair is in strong downtrend and need some strong pressure from bulls to rise but still markup phase has allow me to post that recommendation and downtrend went to as low as Rs.500 and beyond, but overall markup phase has been doing well to reach 590-610 area which has act as strong resistance, and pair fall quickly to Rs. 540-50 area, and it will act as support now.

Postive News Come out of wipro with Increase in Profits

We have already witnessed strong pressure from the lows to reach Rs 590-610 area to a new multi-month high, and that was earlier warning accumulation phase has finished around Rs. 520-30 area and huge gap up due to wipro market data release which show positive sign. Anyway, I dont rely on market data and news because I back my instincts to complete trading analysis and my call on wipro is still positive for a test of 590 area and above we can Rs. 700 if price manage to breach the level and remain above that area with a weekly close.

Strong Swing Trading opportunities in Tata Motors

Hi,
Recently, I have seen few strong swing and with strong swings I means swings that are clear and are looking to rise with Retest

If you watch Tata Motors Weekly chart,Then probably you would tell to yourself where should I look to buy at pullback, then well here is the opportunity because last weekly candles is very strong at support.

And when we have such strong candles at previous swing or double bottom pattern and also retest clause stays fits on this type of pullbacks.

Tata Motors Weekly Chart

As you see stock is in strong and clear swings but a pullback like this was not offered so it it goes above the extreme then I would look to add more to this stocks but Personaly I would start with 1 lot at a time considering the fact that bit of downside has been noticed recently in Index.

Is Nifty heading towards 0.9000 again

Hi traders,
Welcome to my blog again

It's quite a while since I have update the blog, it was because of the busy schedule but still I would keep this article short and sweet.

Nifty is heading towards 0.9000 again, and I think 0.8700 is crucial level and we need strong momentum coming off the strong support which is 0.8590-00 area and It should hold for the gains and I think we have good chancing of clearling the extemes this time around.