techtrail

techtrail Updated  Jun 13, 2016

Price has been in a downtrend for a while. There is a perceptible slowdown in downside momentum recently. RSI positive divergence confirms that. Stock offers low risk entry.

techtrail Jun 12, 2016

Price action very promising in the daily time frame. In the weekly chart presented here, price has closed above 50 EMA and ADX showing lots of promise. Let's wait and watch.

techtrail Updated  Jun 10, 2016

After a nice reaccumulation, price registered a breakout and followed it up with another mini-reaccumulation. Price action last week is encouraging with strong green candle and volume pick-up

techtrail Updated  Jun 8, 2016

After a nice downside correction, the next leg of uptrend seems underway. Another stock in my momentum Watchlist

techtrail Updated  Jun 8, 2016

The stock has seen sharp spike recently, pushing ADX past the 25-mark. This suggests strong uptrend in force. The recent rally has however pushed the price to short-term overbought position. Use any pull back method and stop loss method to consider long trades on weakness. Fibs, MA or anything else is fine to spot potential support zones.

techtrail Jun 7, 2016

Nice consolidation and breakout happened in ITC a few weeks ago. Another consolidation happening now. Awaiting breakout for next trending move up. Lot of other technical indicators are supportive. Not getting into it.

techtrail Jun 2, 2016

Will this breakout sustain today? Let's see. Already long in this stock!

techtrail May 28, 2016

My observations are annotated in the chart.

techtrail May 27, 2016

Price consolidating within an uptrend. Expecting the uptrend to resume soon. Another stock in the watchlist. Look to add this in the portfolio !

techtrail May 15, 2016

Looks like price is likely to be range-bound for a while in the Rs.275-425 zone.

techtrail May 9, 2016

Price clears minor swing high. Time to draw a upsloping fork. Let's see what is in store now.

techtrail May 4, 2016

Price has failed to reach the upper parallel of magenta fork. It has since been moving within the confines of the blue fork. Price now at lower parallel of the blue one. Let's see if price halts here. If it does, the energy point will come into play.

techtrail May 3, 2016

Here is the Daily chart of Rcom.

techtrail May 3, 2016

Reliance Communication has been in a major consolidation phase in the higher time frame. In the daily time frame, there is a breakout and retest. Guess stock is good to make a trip higher.

techtrail Apr 26, 2016

After multi-month Re-accumulation, IndusInd has managed to stage a breakout and a successful retest of the trading zone. The rally today with huge volume signals resumption of trending move after Re-accumulation.

techtrail Apr 23, 2016

Stock consolidating near support. Expect a rally to the resistance at 570-ish