Short Term trading is about trading in the direction of the market trend. Put simply: Buy when the main trend is UP and Sell when the trend is Down. This is based on technical analysis. A basic moving average on a time frame chart will show the direction of the securities movement. This is not rocket science; it's basic visual realization.
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective. - Warren Buffet
Wednesday, November 7, 2007
Short Term Tips - Buy Indian Oil Corp (IOC)
Buy Indian Oil Corp at CMP of Rs. 503/-
Target of 540/- Stoploss at Rs. 490/-
Duration - 30 days
The stock is currently trading above it's all short term and Long term EMA. The stock is currently exhibiting a strong bullish pattern.
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