All is well with ALLAHABAD BANK

Stock seems extremly bullish. Volume is in sync with price movement. MACD is above zero. Besides there other indicator that suggest it a good buy.

Two consecutive Doji formed on 14th and 15th July at a resistence area but that indecision is over come with a following green candle that too with high volume. Its a good buy for upcoming week.

DLF Breakout

DLF has crossed it 50 day EMA with significant volume. It had a strog resistence at 292 and it was tested throught a week (21st -28th June). On candlestick chart it has formed a big green candle (extremely bullish) today. So we can expect an short terma upward movement with target of 310.

GO SHORT

People are bit coufused as Nifty is hovering in a critical range. Short or long. For many Nifty is all set to make new high as long as it doesnt breach 5200 support. In fact, 5200 is a very strog support. Check it out.

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Besides, the faster moving average is on the verger of crossing down the slower one and did notice the bearish formation. NO. How can you see any formation in line chart. Check it out again.

Its Bearish Harami, Nifty is on the verge of correction. And we can expect 5000 level once again. So go short