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1. ACE DEVELOPMENT BANK (ACEDBL) DESCRIPTION
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Vol. 1 Issue 12
R2 -1206.22
R1 -1194.24
Pivot -1185.45
S1 -1173.47
S2 -1164.68
R2-1274.72
R1-1271.18
Pivot- 1266.01
S1-1262.47
S2-1257.30
R2-659.25
R1-649.03
Pivot -628.59
S1-618.37
S2-597.93
ACEDBL was in a trading range of Rs.250 and Rs.300
for quite a few months.However, while the price of
the stock moved down towards the bottom of the
range in november, the A/D line was heading up
signaling accumulation when it broke through
resistance – possible entry point (approx Rs.350).The
price of the stock then broke through the trading
range and headed towards Rs.410 where the A/D
line showed signs of distribution – possible exit point
(approx Rs.410-490).Once it broke through
resistance Rs.300 at it moved up Ra.410 to Rs.490
where there were signs of distribution.
The resulted in a profitable trade.
TECHNICAL NEWSLETTER
R2-2285.81
R1-2266.03
Pivot -2252.63
S1-2232.85
S2-2219.45
R2-5571.85
R1-5543.26
Pivot -5528.96
S1-5500.37
S2-5486.07
Date: 02/25/2016
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CMP Rs. 375
Buy Above Rs.350
Target at Rs.410-490
Stop-at below Rs.300
Rules for Understanding Support and Resistance Rules detail below:-
Contact Us:
Email: sharechart2015@gmail.com
R2 -1206.22
R1 -1194.24
Pivot -1185.45
S1 -1173.47
S2 -1164.68
R2-1274.72
R1-1271.18
Pivot- 1266.01
S1-1262.47
S2-1257.30
R2-659.25
R1-649.03
Pivot -628.59
S1-618.37
S2-597.93
The above figure shows a support and resistance indicator analysis.
Note:This newsletter(sharechart) provides impersonal educational stock trading
information . All material presented within is not to be regarded as investment advice,
but for general informational purposes only.
R2-2285.81
R1-2266.03
Pivot -2252.63
S1-2232.85
S2-2219.45
R2-5571.85
R1-5543.26
Pivot -5528.96
S1-5500.37
S2-5486.07
Trends -When the black line
converged with support or
resistance ,prices moved higher
or lower.
Places change- The same red
horizontal trendline continues
after support is violated, but with
differing effect.
Retests – The more often a
trendline is tested, the more valid
it becomes.
Volume – If a resistance or support level
is associated with increasing volume,
the trend becomes more valid.
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Kamalpokhari Mob:- 9801140245
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Time matters – The more recently a level has
been established the more useful it is.
Email: sharechart2015@gmail.com
Kamalpokhari Mob:- 9801140245