Vedanta Cairn Merger Analysis and Arbitrage Opportunity

The Vedanta Group, led by Anil Agarwal, has been facing tough resistance from minority shareholders, especially Life Insurance Corporation and Cairn Plc., against the proposed Cairn India-Vedanta merger, ever since it announced it’s intention to merge in June 2015. Vedanta is the largest producer of aluminium and copper in the country, and is the most… Read More »

Candlestick Patterns List

Candlestick Patterns Dictionary (List of Candlestick Patterns): Abandoned baby evening star Abandoned baby morning star Bearish doji star Bearish engulfing lines Bearish harami Bearish harami cross Black evening star Black gravestone / inverted hammer Black hanging man / hammer Black line without upper shadow Black marubozu Black morning star Bullish doji star Bullish engulfing lines… Read More »

IDBI Follow up Analysis

This is a follow up post on IDBI after the previous post on Oct 30th. Below is the daily chart of IDBI as on Nov 13th.   Even though things are very obvious in the above chart, I am simply mentioning them for the benefit of traders who are new to Technical Analysis: Negative divergence… Read More »