STERLITE

STERLITE -LOOKS LIKE IT IS GOING INTO BEAR GRIP.

WHY I LOVE TRIANGULAR BREAK OUTS ??

People who follow my blog regularly always ask me in person about why i give so much importance to triangular break outs .

SImple reason i assign is - It helps u fast money , i have not come across any Pundit who has scored a Bingo in this 1000-1100 Point Nifty rally .But my charts spotted this upmove in very infant stage at 4700-4800 levels when the whole world was scared with the thought of 4000 levels and 12000-13000 levels on Nifty . and they were dumping there stocks at throw away prices and a Smart Trader or investor should make a move then , and indeed we did the same.

Nifty broke out of a traingle at 4840 levels and never looked back .SBIN, JP,ASSO,LIC HF CNX IT ,all broke out of positive triangular patterns .and they have given 40% type up moves.

I try and post charts on weekend or if anything is special i do it in midweek also.

I hope my followers are finding it useful they may contact me at bingotrades@gmail.com .

BinGo !!!

ACC&ONGC LOOKING BEARISH TO ME.AND SHOULD BE A SHORT CANDIDATE ON ANY SORT OF WEAKNESS ON COUNTER GO SHORT.

MOIL LOOKS LIKE A VERY GOOD BUY TO ME.

EDUCOMP

EDUCOMP-LOOKING POSITIVE !!

TRADE LONG.