Technical view by Nooresh on Sensex/Stocks/Commodities |
| Cairn India – Technical Breakout.Before and After. Posted: 10 Apr 2014 08:42 AM PDT In this weekend we had come out with our monthly report – Technical Trades – April 2014 . Just putting up some of the charts which were covered and how they have reacted in 3 sessions of the report. Some of it could be attributed to the bullish sentiment ( but in the end you need to ride the bullish sentiment and believe in it as a trader)
CAIRN INDIA – as in the report
-> After making multiple attempts at 335-340 the stock gave a breakout and did move up to 350 but is now retesting the support zones. -> A risk reward buy at 335-340 with a stoploss of 331 on closing basis and a target price of 360/385.
This is how the chart looks now after moving from 340 to 360 and headed higher.
Using such classical technical analysis to find the right trade ideas is not a tough thing but needs a little patience and learning.
If you are interested in learning and becoming more confident and independent in your trades do join either of the two courses.
Online Crash Course on Technical Analysis – Sunday 13th April 2014
This is a 6-7 hour program to be conducted this Sunday at a cost of Rs 2999 only. I personally recommend this to every trader/investor who would like to learn and add this to your skills.
TECHNICAL ANALYSIS TRAINING MUMBAI – April 19-20
This is the only training program which we have been doing for the last 7-8 years now across various cities. A 2 day program which covers technical analysis in a practical way for a small batch of participants ( 5-10 )
More details on this link – http://www.nooreshtech.co.in/technical-analysis-training
Thanks and Regards, Nooresh Merani Twitter – https://twitter.com/nooreshtech Facebook – https://www.facebook.com/nooreshtech Cairn India – Technical Breakout.Before and After. is a post from: Technical view by Nooresh |
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