CIPLA gaining strength to retest 2015 high

CIPLA(BSE: 500087 | NSE: CIPLA) made its all time high of 752.85 in March 2015. Subsequent attempts at breaching this high failed. This happened  once in April’15 and later in August’15 resulting in the bullish sentiment giving way for some relentless selling. The sell off continued until price came in the vicinity of longer term […]

How to sell from Resistance – Live Example

From the snapshot below, it is quite apparent that trading activity of the current month has been contained within the range of the previous month. In other words, it can be estimated with a fair degree of certainty that an ‘inside bar’ will emerge from the price action of  the previous and current months. Monthly […]

Why Candlestick patterns are leading indicators of some explosive moves

When it comes to gauging traders’ sentiments, the kind of information presented by Candlesticks is pure gold. Candlesticks tell you the story about the markets. Its important to read the story in context though, otherwise it would mean nothing. If you were to read a book, I assume you would start right from the introduction […]

Tech Mahindra – A long term buying opportunity in the making

Tech Mahindra is a fundamentally strong Indian company that appears to be a good contender for a medium term trade with a low risk. The Monthly chart shows strong areas of Support – 468 & Resistance – 747 Current market price or better yet, any retracement to the support area is a definite buying opportunity. […]