Stock Tip : Eveready Industries

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Dear Investor,

Indian stocks have become challenging. One day they pick of 500 points and after few hours they fall 500 points. It is a clear situation of uncertain future. Investors are loosing money on these sea-saw movements of market. Our last weeks stock tips have outperformed the market. While market is moving down these stocks gained and most of them are holding on to these gains. The reason for that is the systematic look at the chart patterns and trying to find the secular bull in individual stocks. Trust be right now the situation is not at all clear  about where we will end up.

Following NIFTY stock chart is clear view on how the market has trapped some traders betting on blue chip stocks. Blue chip or no chip, it does not matter. What matters is to find a secular bull market in a stock and buy it even if it is not blue chip. Market trapped many by breaking about the solid blue line and quickly correcting afterwords. RBI has not been very helpful lately.

This week I am proposing two India stock tips, one on long side and one on short side. Eveready Industries is not in a secular bull market but it has started to move into one. It will still be a early call but I am 80 percent sure that this stock will move upwards during next few months. Look at the chart formation, volume action and most of it, this stock is not selling off when others blue chips are being sold down.

Shorting EDUCOMP solutions is new tip I can give you. Dont go crazy with shoring because it can backfire very bad. This is more of educational reference than actual action item. See this stock has been in secular bear market. It just broke its long term support and selling action is more prominent than buy action. This baby will bounce and go down more and bounce and go down more. These is something seriously wrong with this stock.

I believe we will have some bounce in stock market once debt crises debate is over in US. Help me add more subscribers to this blog by posting my link on your facebook page or forwarding to your friends.

Thanks
India Stock Tips
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