When a stock breaks out of a range, it often provides one of the best trading opportunity. When that happens on a day when the broad indices are falling, the stock deserves even more attention. The price action of Central Bank highlights this scenario. After a smart consolidation between 209 and 190, the stock has […]
Many a times I have noted, big names, big firms botch Technical Analysis in their basics. When it happens, I usually mutter a few words to myself and just let them pass. But this time around, I’ve not been able let it pass. Here is a chart from the technical analysis desk of a leading […]
Interaction with CNBC TV-18 httpv://www.youtube.com/watch?v=7r0rQaJ1LY0
The daily chart of Sun TV (above) shows the possibility of a double top formation. However, it does not mean the stock will not cross 547-550 resistance, but the odds are against it. The double top potential would be realised only below 461. Once the stock starts trading below first support of 489 weakness is […]