Broadcom Corp Near 200 DMA

      

• Broadcom corporation is trading near its 200 DMA.
• The stock has reversed from 200 DMA twice in the recent past. It is testing the 200 DMA again. If the trend line holds a reversal is possible in this stock
• Stochastic indicator is in oversold zone. One should look for a close above 200 DMA to go long

Dow Jones futures before opening bell

• Dow Jones Futures is finding support near 10225 levels.
• Break of this level will bring it down to 10130 level. 10360 will act as resistance now.

Nifty 5 minutes chart breaks down

UPDATED CHART 

• Nifty is trying to reverse from an oversold positions.
• Trading above 5415-5420 area will be positive for the bulls.

• Nifty 5 minutes chart is showing a negative picture.
• 5450 level is broken now. 
• Nifty should get some support at 5408 level.
• If 5408 does not hold we may test 5388
• NIFTY WEEKEND UPDATE
  

Reliance Industries Weekly Triangle

WEEKLY LINE CHART

• Reliance has broken the Triangle in its weekly chart. 
• Break of 960 will be very bad news for the bulls. 
• When a break out happens the stock moves up or down quickly. But in this case the stock is going down slowly. So the stock may take find support at 960 levels. But if 960 is broken the momentum will pick up.
• NIFTY WEEKEND UPDATE
  
• Indiabulls Real Estate Ascending Triangle and 200 DMA
  
• TTML Inverse H&S and 200 DMA
  
• TATA STEEL channel near 200 DMA
  
• Raymond Ltd Example for a perfect breakout
  
• Bombay Dyeing Rounding bottom with 200 DMA
  

Nifty Weekend update

• Nifty is trading above all the major moving averages.
• Nifty has been trading in a range for the last 5 weeks.
• So only a close above or below this range can give a good trade.

I am sharing some stock ideas with this weekend update

• Indiabulls Real Estate Ascending Triangle and 200 DMA
  
• TTML Inverse H&S and 200 DMA.
  
• TATA STEEL channel near 200 DMA.
  
• Raymond Ltd Example for a perfect breakout.
  
• Bombay Dyeing Rounding bottom with 200 DMA
  

Ascending Triangle and 200 DMA

INDIABULLS REAL EST LTD

• Indiabulls real estate Ltd has made a breakout from an ascending triangle in its daily chart.
• The stock has managed to close above its 200 DMA.
• One can stay long in this counter as well with 200 DMA as stop loss.
• TTML Inverse H&S and 200 DMA
  
• TATA STEEL channel near 200 DMA
• Raymond Ltd Example for a perfect breakout
  
• Bombay Dyeing Rounding bottom with 200 DMA
  

Channel with 200 DMA

• Tata steel is forming a channel in its daily line chart. The pattern can also be called as a bearish flag continuation pattern.
• Watch how the stock behaves near 200 DMA and take a trading decision. See to which side the break out happens and go with it by keeping a small stop loss. 

Inverse head and shoulders and 200 DMA

• TTML has given a breakout from Inverse head and shoulders. The stock has made a close above 200 DMA.
• One can stay long above 200 DMA. With 200 DMA as stop loss.

The perfect breakout

RAYMOND LTD

• These 2 charts shows when a consolidation breakout combines with 200 DMA it becomes more powerful. The chances of false breakouts are less.
• And Raymond makes the perfect breakout. From 240 levels to 370 levels in 5 days.

Rounding bottom and 200 DMA

BOMBAY DYEING

• The rounding bottom pattern with 200 DMA.
• Watch how the bottom is exactly at the 200 DMA and the stock pulls away from the moving average.