Don’t Just Buy, Know How To Sell

detoriate

As a long term investor, we accumulate stocks. We buy and then forget about it until many years later. We inherently believe that even if the markets fall in the short term, they will gain five or ten years down the line. Patience is a virtue in an investor. But, it is also important to […]

NCDEX Castor: Medium Term Bearish

castor

    NCDEX Castor prices after falling from highs was moving in the ascending channel as shown above in the daily chart. Price was contained between upward sloping parallel lines (C- C1). Recently price has given a breakdown of the lower band of the upward sloping trend channel. This indicates resumption of the previous down […]

MCX Copper: Short Term Bullish

coper

  We maintain our bullish view on MCX Copper as prices are trading in a primary down trend indicated by lower tops lower bottoms. Prices after making double top at 512.65 declined sharply indicating down trend. Recently prices have taken support of long term support line S placed at Rs. 397 on weekly chart. We […]

MCX Crude oil: Short Term Bearish

crude

  We maintain out bearish view on MCX Crude oil as price is trading in a primary uptrend indicated by higher high higher lows. Prices after making all time high fell sharply towards 5640. Recently prices have given false break out of resistance line R at Rs. 6280 and have resumed downtrend with the close […]

MCX Gold (April): Short Term Bearish

gold

  MCX Gold as prices on weekly chart as shown above are trading higher after taking support at Rs. 28075. Prices failed to trade above the previous week’s doji candle stick pattern fell sharply taking resistance at Rs. 30800. Prices have formed bearish engulfing candle stick pattern on weekly chart which is a reversal signal. […]

MCX Gold : Short Term Bullish 18th Feb

gold

  We maintain our bullish view in MCX Gold as prices after are forming a medium term bottom near Rs. 28075 after a decline from all time high of Rs. 35074. The price has recently taken support from the support line (S1) at Rs.28075 and further the price gave a sharp pullback retesting the support […]