Chart patterns are specific price-action patterns in stock prices that have repeated themselves for decades, giving prudent traders many profitable trading opportunities. However, there are many chart patterns that are unreliable and not profitable. In this article we will cover the 3 highest win rate patterns that almost guarantee long-term profitability and gains. Pattern #1: [...]
If you are looking for a way to make your money work for you, rather than just sit in a bank account not earning interest, you could do worse than learning about stocks and shares. Stock traders all over the world make anything from a little extra money to a full time living and more [...]
As expected, the recent IPO floated by Multi Commodity Exchange (MCX) subscribed 54 times. MCX offered 64.27 lakh shares and thereby raised about Rs.663 crore at higher end of the price band of Rs.860-1032/share The promoter, Financial Tech, offered shares to cut stake from 31.18% to 26% in order to meet statutory requirement. SBI, [...]
Although, day trading in USA is considered as an investment, many in the market term it as gambling. There are many tragic stories associated with the day trading. No doubt, there are a few who have done reasonably well. Hence, no one can say for sure whether day trading is a gamble or a profitable [...]
State-run, NBCC (National Buildings Construction Corporation), will raise approx. Rs.120 crore by offloading 10% stake (1.2 crore equity shares). Out of that 1.2 lakh shares are reserved for the company employees. The IPO (Initial Public Offer) will open for subscription on March 22nd and closes on March 27th 2012. The price band ranges from Rs.90 [...]