Just saw Spice Jet breakout from downward resistance line with a bullish engulfing candlestick and RSI rising. Currently trading above its EMA 30 which should act as a support level. With Crude under severe pressure we can see airline stocks like these benefit with low oil prices. Trading strategy : Buy @ CMP 108 levels Target :123 Stop loss : below 100 Happy trading.
Coal India seems to be struggling at current level of 277. With lower High and lower lows on daily charts. With Nifty Index under pressure coal india may be break support of 275 level. Trading strategy : Short below 277 Target Price : 250 Stop Loss : 290 Reward to Risk - 2:1 Trade Safe.
Mr.Anton's post on linkedin made me curious to look into the technical picture Refer the chart for comments & trading strategy. Trade Safe - Always keep a stop loss.
Short USOIL @ market for target of 46.20 , Stoploss @ 48.50
Shorting DAX @ 9670 Stop loss above 9683 Target price - 9622