NooBs Trading Step into Wild Market

#21
Stock Analysis for 10-Mar-17

BATAINDIA - Formation of high volume candle with good solid green bar at resistance - Along with Ascending triangle pattern, need further confirmation which can probably break out to upside


HINDUNILVR - Potential break out candle the following day candle , above High is BUY

Update :

BATAINDIA - Good move



HINDUNILVR - Good move

 
#22
Stock Selection Analysis - 14-Mar-17

GODREJCP - Pullback has happened and took support already with todays candle with high volume. Possible further move up with continuing momentum. ONLY BUY ABOVE THE HIGH of this candle.



ABIRLANUVO - Same explanation as above.



BPCL - It was in a heavy downfall, and formed a Hammer at bottom, again it is having a retest from that level. Most probable scenario - If break above the high of the current candle BUY. On lower Timeframe - it is on formation of Double bottom, which needs further confirmation



TATAPOWER - Taken a support horizontally and from the trend line , bulls pushed the price up , hence the wick. Can climb further tomorrow. Break above HIGH essential.

 
#23
Stock Selection Analysis - 14-Mar-17

GODREJCP - Pullback has happened and took support already with todays candle with high volume. Possible further move up with continuing momentum. ONLY BUY ABOVE THE HIGH of this candle.

ABIRLANUVO - Same explanation as above.

BPCL - It was in a heavy downfall, and formed a Hammer at bottom, again it is having a retest from that level. Most probable scenario - If break above the high of the current candle BUY. On lower Timeframe - it is on formation of Double bottom, which needs further confirmation



TATAPOWER - Taken a support horizontally and from the trend line , bulls pushed the price up , hence the wick. Can climb further tomorrow. Break above HIGH essential.

Update :

GODREJCP - Should have triggered Stop Loss if not trailed.



ABIRLANUVO -Had a good move during morning session



BPCL - Stop Loss trigger



TATAPOWER - Move happened after 12:30

 
#24
Stock Selection Analysis - 15-Mar-17

APOLLOHOSP - Taking support , very feeble chance of moving up, only if HIGH is taken out, bears running like waterfall for 7 sessions together, which needs rest.



CUMMINSIND - Taking support from previous resistance , candle pattern formation as Bullish Engulfing, need to look for HIGH of candle break out



M&MFIN - Nbfc's generally performing good these days, Support taken with high volume candles, Recent trend line broken.

 
#25
Stock Selection Analysis - 15-Mar-17

APOLLOHOSP - Taking support , very feeble chance of moving up, only if HIGH is taken out, bears running like waterfall for 7 sessions together, which needs rest.

CUMMINSIND - Taking support from previous resistance , candle pattern formation as Bullish Engulfing, need to look for HIGH of candle break out


M&MFIN - Nbfc's generally performing good these days, Support taken with high volume candles, Recent trend line broken.

Updates that happened

APOLLOHOSP - Had little move.



CUMMINSIND - Had good move



M&MFIN - No move, SL Trigger

 
#26
Stock Selection Analysis - 16-Mar-17

HINDZINC - Very high colume candles on a pullback stage, with a PRO GAP , likely to continue tomorrow as well.



HINDPETRO - 10 days of accumulation mostly without any movement neither way. Today volume increase has happened, likely to continue to upside.



NOTE : All are only selection of stocks for tomorrow and only if HIGHS are broken, the entry strategy is different altogether.

 
#27
Stock Selection Analysis - 16-Mar-17

HINDZINC - Very high colume candles on a pullback stage, with a PRO GAP , likely to continue tomorrow as well.


HINDPETRO - 10 days of accumulation mostly without any movement neither way. Today volume increase has happened, likely to continue to upside.

NOTE : All are only selection of stocks for tomorrow and only if HIGHS are broken, the entry strategy is different altogether.

Update :

HINDZINC - There was move during morning session and rode back down.



HINDPETRO - No trade triggered as HIGH was not broken

 
#28
Stock Selection Analysis - 17-Mar-17

AXIS BANK - Broke out of previous resistance and hovering above the support presently. At exactly the support there is huge volume spurt with a DOJI formation, it could be institutional accumulations. So mostly , during the next trading day, there is chance that it can climb up.

 
#30
Stock Selection Analysis - 17-Mar-17

AXIS BANK - Broke out of previous resistance and hovering above the support presently. At exactly the support there is huge volume spurt with a DOJI formation, it could be institutional accumulations. So mostly , during the next trading day, there is chance that it can climb up.


Update :



AXISBANK - High not broken , hence no BUY triggered
 

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