TECHM: On the high way

TECHM is now looking too good to swing traders, it is trading now in a strong bullish territory as per it's MACD, and the cross over occur second time in same territory!! So friends keep a close eye on TECHM till today's last hour, you can take a long position even on current market price 962 with an affordable stop loss that fit for you for another 8-10% rally from here, as this kind of MACD trading is an art more than science, therefore no target and stop loss identifying is not possible. So all that we have to do to take the trade, are to be an artist instead of scientific trader, hardly we can put science in this trade that is in 60 minute chart there is a DZ 939-946 (though not very good DZ) can buy there, and mainly we will have to track the art (Better to say manage the trade all time as it is not preplanned)  almost all time until we exit. But believe me, I have seen too many history of this kind of formation and it is so impressive that though there are no science in this kind of trade yet it can't stop  me to take a long position only for the pattern's HISTORY.

NIFTY: A pause before another bull run.

Hi friends, take a look on spot Nifty, it is looking that Nifty is just taking a sprint before run, MACD line is in positive Territory and again it is going to cross signal line, as seen in past history once it occurred Index run 5-6% sharply, so once it happen 5950 just the matter of time, and may be 6120 can reach in that rally. So friends keep a close eye on Daily chart of Nifty and the MACD, and very frankly, once it will happen, I am going to withdraw all short position and will do reverse.

M&M: Loosing its strength, good opportunity to short.

Hi friends, take a look on M&M both in Weekly and Daily chart it has lost its strength after a long long time, be cautious with your long position; one can short M&M @ 908-920 range with a stop loss 929, as per daily chart it has a DZ 781-803, though there is a crowd seen around 820-842, as per risk - reward  ratio crowed also good.

JSWSTEEL: Out performance continuing.

Hi friends, as we noticed JSWSTEEL is out performer in metal sector and till it is indicating to continuing it's out performance, it seems to me one can take a buy position @ CMP 752 with strict stop loss 732, tgt will be 800, 845