Technical Calls:GE Shipping,Reliance and Ashok Leyland

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Bramesh Bhandari

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Apr 4, 2012, 2:08:41 AM4/4/12
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Some traders who have lost money fall into paralysis from analysis.They develop a quaint notion that if they analyze more data, they’ll stop losing and become winners. You can recognize them by their beautiful charts and shelves crammed with stock reports. They will show you indicator signals in the middle of any chart, but when you ask them what they will do at the right edge, they only mumble because they do not trade.Analysts are paid to be right; traders are paid to be profitable. Those are two different goals, calling for different temperaments.


A Trader can become an Analyst but an Analyst can never become a trader.

 

Reliance Industries


Litmus Test for RIL near 763 which is 20 SMA,Close above it will open gates for 770, 800 levels. failure to cross this levels can lead to recent low of 717.

Buy above 764 Tgt...

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