Date on 01th November’16:
Today AIRASIA has moved up 7 sens and standing on the highest volume of last one month period of time giving again a good rebound after a long consolidation phase. Right now the strong resistance in AIRASIA is at 2.89, to be uptrend again it needs to give a break out from the level of 2.89 and make a strong support here by sustaining above 2.89. Invest Tipster Research team has given the target of 3.05 for the short term if it breaks the level of 2.89. We suggest our clients to trade on the short term basis for the time being as the market sentiments are weak due to the upcoming US presidential elections results and also the probability of the US Fed rate hike this year by the policy maker by seeing the moderate growth of the economy and job gain.
We keep our strategy according to the market conditions for doing safer trading and investment. Make one strategy for your trading and investment choose a best fundamental stock and by helping of technical analysis get a correct entry point and exit points for the Intraday and Contraday (T+3) trading. Make a watch list of your stocks and trade before checking the RSI and Moving averages of the stock and also check the volume on the stocks for not getting stuck into a trade.