Bajaj Finance Finds Short term Price Channel Support

Bajaj Finance stock on NSE fell below its long term support line 4 days ago, but has found support on the horizontal line.  I have talked about all the lines in my previous posts on Bajaj Finance, pl refer to them for this thread of discussion.

We will wait and watch before taking any position, but it does seems like the stock will fall further based on the negative candlestick formations and some other indicators.

Chart Source: www.moneycontrol.com

SBI Very Close to 1st Target

SBI stock on NSE missed my first target of 3050 by just 26 rupees today.

Seems like it will hit tomorrow.  Fingers crossed.

Chart Source: www.moneycontrol.com

IDBI Sideways but Breaks Through Double Top

Yes! IDBI Bank stock on NSE has finally broken its double top.  Combined with other indicators, it suggests a slow and steady upward rise.  This might be too soon to take a position, but we should get a confirmation within a couple of days whether to take a position. 

Chart Source: www.moneycontrol.com

Procter and Gamble (P&G) stock on NSE has been sideways and choppy since mid-July!  It has been falling since the last 5 days and might make a small correction within this week.

But soon, it seems set to make a strong move, mostly downwards.  Don't trade this stock for now, no clear trade signals, and a possibility of a fall.  Get set to go short if this falls!


Chart Source: www.moneycontrol.com