TTML Breakout

Breakout!!




TTML was moving in a down trend form March 2009.
Price always had a reversal from the descending trendline.
Today stock had a gap up opening and have break the resistance level of descending trendline.
Volume was around 50 lac as compared to 5-6 lac average.
Next resistance level can be 14-18-22!!!

Elliott Wave Count of GOLD

Below is the chart of Gold, Spot (USD) from 30th may 2012 to present.
Gold have increased from low of 1530 to high of 1795.
Possible wave count is shown on the chart which states that 5th wave have started with sub wave 3rd continuing.





This post is for educational purpose, consult your adviser before investing.
Do share your views.

Divergence in USD/INR.

USD/INR




INR is currently trading at 55.75.
Divergence is indicated in chart where momentum is moving  down with a descending trendline but
INR is moving up.
Reversal near 56.00 may be seen.
Resistance at 56.05 where it retrace 78.6% from it low of 51.37.
Stoploss of 56.10-56.20 should be kept, as same indication was giving as it is seen few days before (red circle) and it failed.
Price is near the upper Bollinger Band.
Market is also moving positive for few days.

This is just for educational purpose and one should consult their adviser before trading.

Gold can lose it ground.

Gold is resisting to move up and moving sideways for the past few days.












Resistance and support of trendline is near to current price, breakout toward any side will give create good movement.
Momentum is making lower low whereas price is moving side wise indicating weakness.
MACD is above 0 but on the verge of crossing downside
RSI is also moving side ways.
Keep an eye on the price as breakout at anyside will show good price movement.