Nifty has began to rally from its oversold levels on the daily charts. What is the opportunity now? Our NH-NL index has hit yet another new low in the current bear run, the days count is 8 new highs and 63 new lows, this indicates more strength with the bears. Many industry groups have high number of new lows, some of the toppers are Civil Contracting, Agro Chemicals, General Finance and Oil Drilling and exploration Industries. Short, short and only short now. Short on rally to value zone on the daily chart and similar with the weekly charts. Shorts provide great bucks and it comes pretty faster. So, take this big opportunity to make big gains.
Many stocks have given their Q4 results, though not many have anything good to talk about their results, few stocks do excel on their earnings growth. EICHERMOTOR has come on the Big Money Channel, it is an indication that, there is a stock that is having its earnings growth & price relative strength above 80 along with its volume moving above its 50 day average. It has all that is good for a stock to have its bullish journey intact. Three consecutive years of rising EPS, more than 5 quarters of earnings growth above 25%, its Industry group with an A+ ranking, (one of the top slots in the Industry ranks) and Mutual funds holding above 14% of the stocks float.
Add this stock to your watch list and trade long above the nearest pivot, you have a high probability winning trade waiting for you just around the corner. There is a long trade in CESC on the value buy system, check BTT Calls. Some trades that have come on the daily trend following system are in BAJAJ-AUTO, LT and SESAGOA. Trade them above today's high, for stop loss & quantity you have to buy in these trades write to admin@bravisatempletree.com giving your trading account's capital.
Team BraViSa.
