Calm before the storm

[kuldeep49]

Re: Aftek : wolf pattern

Hi kuldeep,

We understand that Aftek is in down trend. But because the fundamentals

are so positive, I shall buy .

Now can you help me and others, at what level, should I enter-so that the risk is minimum.

If you do, please inform the level in two stages for eg. 1st entry level_____ and the 2nd entry level_____.

Thanks in Advance.

Sorry Babloo, for delay in response. If you feel that Aftek Infosys is fundamentally worth investing in then the time is pretty much ripe. The 52 week high/low for this stock has been 134.50/39.70 and the current price is 57.95. Ideally the entry should be somewhere in the bottom fifth (if and only if you feel that future prospects are good). So 58~60 would be about right.
Regards & hope you get a great profit.
Kuldeep

 

[kuldeep49]

It seems that the pullback is over or almost over as today's trading so far has shown a strong support at 3535. Every possibility that Nifty will resume its uptrend shortly.

 

[babloo]

Re: Aftek : wolf pattern

Sorry Babloo, for delay in response. If you feel that Aftek Infosys is fundamentally worth investing in then the time is pretty much ripe. The 52 week high/low for this stock has been 134.50/39.70 and the current price is 57.95. Ideally the entry should be somewhere in the bottom fifth (if and only if you feel that future prospects are good). So 58~60 would be about right.
Regards & hope you get a great profit.
Kuldeep

Hi Kuldeep,
O.k. then today I have bought 50% of the planned total purchase in Aftek
Infosys @ 58.00 today.
Also today LML is 20% up.But I am left out.Actually I had bought yesterday
at 10.40 rate but then it went to 10.15 and as such I was confused as usual
and I sold it back.
And today where has it gone.
Any way we shall get another one.

 

[kaja hussain]

me also standing with you in this matter

 

[kuldeep49]

Re: Aftek : wolf pattern

Hi Kuldeep,
O.k. then today I have bought 50% of the planned total purchase in Aftek
Infosys @ 58.00 today.
Also today LML is 20% up.But I am left out.Actually I had bought yesterday
at 10.40 rate but then it went to 10.15 and as such I was confused as usual
and I sold it back.
And today where has it gone.
Any way we shall get another one.

Sorry about LML ... but I still think that there is a play going on here to trap retail investors into buying a cheap stock. Some brokers are going around whispering it as an 'inside tip'. My natural inclination would be to keep away from the badly managed companies. But the call you have to make. Good luck.

Nifty behaved as expected and touched 3580. It has resumed its journey upwards and 3620~35 seem to be the likely targets. The one worry is that both on the daily & weekly charts, ADX is low and falling. The indication is that Nifty is heading towards a reversal sometime soon. Have attached the weekly chart and the daily chart. Volumes for the last 5 days are also below the 10 day average. Would appreciate comments and other analyses.

 

[babloo]

Re: Aftek : wolf pattern

Hi dear,
Thanks for that wish of good Luck. I am in real need of it.
Regarding Nifty, Actually I think so you may be right,but I don`t overtrade.
Which means if I have 100/- than I will trade only with 100/- not more than that.
But this indication of yours shall help us all in overall market.
I shall be more cautious from now on, on my S.L...

 

[kuldeep49]

Uncertainty crept into nifty in the last hour or so of trading. The candle made today was the shooting star which seems to signal a bearish reversal. Confirmation of this will only be if tomorrow's closing shows a dark candle formation. ADX continues deny the existence of a trend in nifty. Wait and watch for the markets to give the signal tomorrow. If there is a bearish reversal, the downfall could be quite sharp. If one has made profits, now is the time to at least partially book some quantities and observe trailing stops for the balance.

 

[jaykiru]

Uncertainty crept into nifty in the last hour or so of trading. The candle made today was the shooting star which seems to signal a bearish reversal. Confirmation of this will only be if tomorrow's closing shows a dark candle formation. ADX continues deny the existence of a trend in nifty. Wait and watch for the markets to give the signal tomorrow. If there is a bearish reversal, the downfall could be quite sharp. If one has made profits, now is the time to at least partially book some quantities and observe trailing stops for the balance.

shooting star & Inverted hammer....

Jay

 

[karthikmarar]

Jay

A small clarification.

A shooting star is a top reversal pattern and an inverted hammer is a bottom reversal pattern. A shooting star appearing near the top of an uptrend or a congestion zone is a top reversal pattern. The inverted hammer looks similar to the shooting star but comes near the bottom of an downtrend and is bullish reversal pattern.

The shooting start appearing on the 27th is not an ideal one as there no gap from the previous bar. But it does point out the failure of the bull to keep up the tempo. Also it is not a majot reversal pattern but a warning ofa impending top. the next few sessions could provide the confirmation or otherwise.

regards

Karthik

 

[Czar]

in the last few weeks many such pattern were not concluded with the confirmation not coming the next day.... I think till 29.9 there is much upside as the m.funds never let down the markets to show bogus navs...

10 weeks staight up, man is'nt this too much ??? but a new top is definately on the cards... maybe this week (naah) or 2nd week oct