TVS Motor Company clocks 6% sales growth in May 2015 but chart indicating weakness 




Observation .
1. On daily chart we can see that TVS motor is  making lower lows and lower highs which is an indication of downtrend .

2. We can also see that each and every pullbacks are consuming more time , when compared to throw backs.

3.We can also see price volume divergences . 


Conclusion :- Previous swing high ie 250 is crucial level as of now .

How to trade 
 Sell near 248 with closing sl of 251 for the target of   227          (cmp 236)

                            Time to add SBI to our  Portfolio 

 How to implement ??

1.We recommend Investor to accumulate SBI till 250 level
2.Time horizon 1.5 year
3. Target price 440-480.

                                                  TIME TO TRADE DIVERGENCE


HOW TO TRADE ?

1. Buy Bank Of India at cmp 205 keep sl of 195 closing basis target 230-244

Till date we recommend to sell on rise , but at current level nifty is showing some signs of bottoming out pattern.

                   INVERSE HEAD AND SHOULDER 


1. Nifty has shown enough evidence of downtrend on daily time frame .

2.Nifty had corrected almost 1000 points from its   all   time high.

3.We recommended  to sell nifty based on higher point     rejection and Peak n trough analysis. SO FAR WE HAVE GAINED 400 POINTS .

4.At the current level ie. 8339, nifty has given a break out from inverse head and shoulder pattern .

5. Inverse head and shoulder has high probability of trend reversal 


HOW TO TRADE ? (CASH LEVEL)

1. BUY NIFTY CALL STRIKE PRICE 8300 JUNE SERIES  AT CURRENT LEVEL .

2. BUY NIFTY FUTURE AT OR NEAR 8170.

3. KEEP SL OF 8100 CLOSING BASIS .

4. PATTERN TARGET 8550-8610

Continuation of Previous post ( Peak & Trough analysis )

As we mentioned in oust last post that we would be waiting to go for short on retracement at or near 50% or 78% level only after evidence .

Today on 15/4/2015 we have witnessed HIGHER POINT REJECTION .




HOW TO TRADE ??

1. Its time to buy puts of 8700 or 8600 .
2. One can sell nifty futures near to the stop loss on closing basis 8850 .
3.At present level setting target for nifty futures is little skeptical .
4.We will  wait for next reversal signal to BOOK SHORT.

Reference to  previous post :- http://bwithtrend.blogspot.in/2015/03/peaks-troughs-analysis.html .