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Showing posts from February, 2012

Book Profits in Nifty | Technical chart | 16-Feb-2012

Below is the technical chart of Nifty, on weekly time frame, using some technical indicators. But we'll focus main on Ichimoku kinko hyo indicator.

On weekly time frame chart, Nifty has touched the upper line of Kumo, which was high resistance zone. It can not cross such a resistance zone without any correction. So, I suggest to book your profits at this stage and sit on cash. On the downside, its support is at 5330 and then at 5287. Enter at these levels again.

Buy Mahindra & Mahindra Ltd. | Technical chart | 15-Feb-2012

Let us discuss the technical chart of Mahindra and Mahindra (M&M) Ltd., listed on Indian stock exchange, using ichimoku indicator.

Most of the useful technical indicators have given buy signal for this stock. But to start its bull run, it needs to cross above kumo level viz. @753. One can buy this stock now also, with a stop loss of 672. Add more positions above 753. Immediate target is 876.

Buy Emkay Global Financial Services | Technical Chart | 15-Feb-2012

Below is the technical chart of Emkay Global Financial Services Ltd., listed on Indian stock exchange, using ichimoku, Parabolic SAR and some other technical indicators.

In the last trading session, the stock price has closed above kumo so is the chikou span line. So, one can buy this stock @43.35 with a stop loss of 38.79 for the target of 49 in coming days.

Buy GBPJPY | Technical chart | 07-Feb-2012

Below is the technical chart of GBPJPY, using Doda-Donchian and Doda-Bbands indicator.

Price is trading above Doda-Donchian, Doda-BBands, confirmed by trading above kumo in Ichimoku. So, all signals directs to buy. 1212.70 is the immediate taget.

How to buy stake in Facebook?

Depending on who you ask, Facebook is either the best company to go public since Google or the hallmark of another tech bubble. 
But no matter the ultimate fate of the broad-reaching social network, it's clear that investors will be scrambling to pick up shares when they get the chance. Facebook filed for a $5 billion initial public offering on Wednesday. If all goes smoothly, the actual IPO would follow a few months later. 

Facebook shares are likely to pop on the first day of trading. Investors won't get the full benefit unless they are among the few privileged clients of underwriters, Morgan Stanley the lead among them, who can buy at the offer price. Still, investors who want a stake in the dominant social media company will have options. 


It is easier to buy funds that own stakes in Facebook than to hope an order for individual shares will be filled early on the IPO day. 

A batch of funds from T. Rowe Price will offer one chance, though muted, to benef…

Buy Whirlpool | NYSE Technical chart | 02-Feb-2012

Below is the technical chart of Whilrpool, listed on NYSE, using Ichimoku indicator.

In the last trading session, Whirpool price has closed above kumo; so is the chikou=span (CS0 line. So, it confirms the bullish breakout signal. Just buy this stock with a stop-loss of 53.63 for a target of 71.52.

Time to book profit in NZDUSD | Technical Chart | 04-Feb-2012

Let us see the technical chart of NZDUSD on H4 time frame.

After the last buy signal by Doda-Donchian, we've witnessed a profit of about 238 pips at the time of writing this article. But looking at its weekly chart, it's time to book profit after the price touches 0.83900. Do not be greedy and enjoy the profit. It's immediate target is 0.8256.

When to buy EURUSD? Technical Chart | 02-Feb-2012

Below is the technical chart of EURUSD on H4 time frame with 2 indicators - Doda-Donchian and Doda-Bollinger Bands.

Although the buy signal has been given by Doda-Donchian, but other one Doda-Bbands has not confirmed it yet. So, do not take long position before 1.32228. Once it CLOSES above this level, take long position for the target of 1.3358.