NIFTY Technical analysis - Three reasons to BUY TATA POWER(8 January,2014)(Technical analysis Mumbai India Trading.)

Following are three technical reasons which are indicating BUY calls for TATA POWER.

Reason No.1: - If you look at TATA POWER technical charts the trendline has been tested almost three times. Recently the stock came down from 91 to 80 in almost a week. It took support on the trendline. Below is the snapshot from our Trading Terminal. 

Reason No.2: - From past some days this stock was in a continuous downtrend as shown in the below charts.

Reason No.3: - This stock was down for the past five days but the VOLUMES ARE DECREASING GRADUALLY. A decreasing volume in a downtrend indicates that sellers are decreasing and buyers are increasing. In other words any moment the stock can turn back.

If you want to learn technical analysis you can start with this video 

We give short term trading recommendations based on aggressive technical analysis. These calls can give you 10-20% of return in a month or two. If interested please call on 9967590707.

See syllabus for Technical analysis training in Mumbai,India.

Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html