Hindustan Oil Exploration - Bullish Trend

Today, Hindustan Oil Exploration (HINDOILEXP) caught my attention. The stock is in a bullish trend. Some significant technical formations are in view. Look at the up (green) bars: The volumes on bullish bars pierces through the 15-day moving average of the volume. On the same days, the price range are expansive in nature. On the down (red) days, the volume is restricted within the 15-day moving average. On the same bars, the price range is contracting. The trendline clearly shows an upwardly moving.

Hind Oil Exploration is showing that huge purchases are being made while the sales are being done by weak hands. Each dip is being strongly supported. Thus there is tremendous buying interest. I think the stock would continue moving toward its previous highs of 262 and 282 over the next few weeks.

Bull Market Trendline of 2004 Back - Anil Gandhi

Nifty has landed at a key trendline support which has been supporting this bull run for the last 4 years. So it will be tough to break this support now, with signs or order returning back to the global markets.

Crude is ready to Top Out, and USD is about to start its bull run. Dow is almost bottoming out. Nifty on a weekly basis does not have reason to break the trendline so soon, so fast.

Nifty Update for the Week July 7-11 - Inder Bhatia

HOURLY: The Indian market closed on a green note. It saw smart recovery at the end of session and closed with handsome gains. For the coming session we can see some more upside to 4098 if Nifty is able to cross 4107. The rally will touch 4174-4224 on the upside; on the lower side, 3960-3848 will act as strong support zone.

DAILY: Last week the Nifty fell down by 2.9 percent. Bears continue to hammer downside at 3848, but managed to close above 4000. On the daily chart, Nifty is making an "inside bar” pattern breakout. Above 4104, more upside cannot be ruled out to 4170-4260 levels.

WEEKLY: Nifty will set band of 3850-4370 levels on the weekly chart, where we have made a Bullish Hammer Pattern. However, this needs a higher opening on Monday to be confirmed, and a higher close for the next week. For the coming closing above 4011 we can test 4169 -4246 and closing below 4004 it can test 3932-3855 level.

Nifty Makes a Bullish Ugly Bottom - Ayesha

Nifty future 15-min charts and hourly charts show a bullish breakout from a Ugly Bottom formation. It can move approximately 100 points from the breakout region of 3914.

Double Whammy for Bears - Abhijit Phatak

A bounce from the 200-HMA typically gives a 10-15 percent run, which gives a Nifty target in the region of 5300+. Added to this pattern is the highly bullish W pattern which also gives a fairly smooth run. So, what do we have then: A double WH(200 hma) ammy for Bears?

Climb a WALL of WORRY and slide down the SLOPE of HOPE. This is precisely what stock markets around the world, including our very own, have been doi ng. The first warning signal is when this 'worry' turns in to belief that the bull run is here to stay. This is when the first strong hands start getting out, and also the strong bears start going short. Before the poor retail investors realize, the climb has reached the end and the slide has already started.

At this point, 'hope' creeps in to the minds of the poor retail investors, who start hoping the market would begin climbing again. Alas, the market has no mercy and the poor retail guys have no choice but to convert their 'hope' in to 'prayers' and BTST (buy-today-sell-tomorrow)'s into long-term deliveries.

However, for now, as long as there exists worry all around us, enjoy the ride. There will be enough indications on charts which will give a hint of change in direction, whenever it happens. There is no point in 'anticipating' a change in trend and taking action in advance.

Of course, there is no pattern that is without a chance of failure, hence, it is imperative that traders have a proper stop-loss in place. Proper is the key word here, for we have many traders who always complain that their stop-loss gets triggered and the stock moves up, which only implies, was not a 'proper' stop loss.

Some trading ideas for next week, which is shortened to only 4 days; one of which is already shown on the chart. Other trading ideas are IFCI, RPL, RPower, Reliance, Tatasteel, Ispat and many more.

Enjoy the ride, with your safety belt (stop loss) in place.