by Ramki | Dec 14, 2008 | Indian Stocks Trading
On 1 Dec, I suggested that Dr. Reddy’s was showing a bottoming formation. A low-risk trade is coming up on the radar, and it might be of interest to traders who follow Indian stock markets.
by Ramki | Dec 11, 2008 | Indian Stocks Trading
When Tata Tea reached the 430 level a few days back, it was clearly time to buy. Not only was the overall market in an oversold condition, this particular stock had reached a 123.6% Fibonacci projection of its previous large decline. From the 430 area, we have already...
by Ramki | Dec 11, 2008 | Euro
The Euro has come a long way from below 1.24, and is currently trading at 1.31 levels. The daily charts still point to further gains, but in the bigger picture, we still have one more short trade left. The perfect level for the short trade will be above 1.35, perhaps...
by Ramki | Dec 9, 2008 | US Stocks outlook
I am quite sure that many traders have gone long on GM expecting a nice rally once the bailout details emerge. Question is, where should we take profits? Take a look at the attached chart. You will see two tops back in mid October. That is your crucial level for now....
by Ramki | Dec 4, 2008 | GBP
The Sterling Yen cross has been a big mover in recent weeks, because not only the Pound got thrashed, but the Yen also strengthened simultaneously. Naturally, traders hop on board any trend that is clear! Here is you chart on Sterling Yen (GBP/JPY) with Elliot wave...
