Hi friends, again come out with BHARTIARTL, but please don't say I am going bias! It is really good one, after 5th August 2011 it was continuously trading in a negative bias, and after a long long down trend it has finally come out with Higher High -Higher Low formation on its weekly chart, which means we may have a got probable reversal on its trend. And now it is trading at its higher swing low (weekly demand zone of 299.55-309), it closed on 14th February @ 311.7. Very frankly BHARTIARTL is my new valentine unless and until it break 299, if it able to hold 299 in current market scenario 362 and 402 is just a matter of time. You too congratulation for new valentine.
Hi friends, Trader's Community is created for Indian Stock Market, completely based on Technical Analysis, purpose of this blog is to help traders, all kind of comment, suggestion, criticism are welcome because all these may help me to analyze better and may help traders too, and I wish to thank all my readers and followers.
Thursday, February 14, 2013
TATASTEEL: Trading on it's probable reversal point
Hi friends, now this is the turn of TATASTEEL, after a long long time it is trading at its probable reversal point. On weekly chart, earlier it has made a Higher low Higher High formation that indicate of probable change of trend, and now it is trading at it's swing higher low level (359-374), hope if TATASTEEL hold 359 in this current trend then above 465 just a matter of time.
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