We collated a list of eight stock trading strategies for the next 5-10 trading sessions:The stock is in a strong uptrend in its daily chart and trading above its both short-term and medium-term moving averages of 10 and 50 periods.After a brief consolidation, the stock has started to move up again. "At the same time, we are observing a formation Harmonic Pattern called 'Bullish AB=CD' on the daily chart. After an almost vertical fall, the stock has pulled back recently.However, the stock is facing stiff resistance around Rs 2,800 level. "Thus, we advise traders to buy this stock from current level to a decline up to Rs 162 for a target of Rs 178 in coming 5 to 10 trading sessions. "The 'RSI' oscillator is also trading around its support of the 30 mark on the daily chart.

Source: Economic Times June 13, 2016 04:58 UTC