Gains !!!!!

[shrinivas]

have a look at the charts...I did not have much time..quite busy these days.. is there a pattern of trend reversal...A DOJI...????

Still not sure....


I'm afraid, a sudden dip may take markets much below of current levels.....

I stand aside as of now to see where the markets head as of now




I believe the market may fall off..let's see....



ganeshhity

The markets have come to overbought situations very soon......better let it decide its way...

 

[dominicsp]

Hey Ganeshhity,
One question...

How does one come to know about details like a stock is overbought, resistance levels, support leveles etc.
Is there any website/ tools which provides the same?

Thanks
Dominic

 

[gnat]

http://twonahalf.com -- Gives that input -- Thanks to Manoj !!!

Cheers,
Gnat

 

[shrinivas]

There is no TIPS flowing in from long....OK, this means we are not into uptrend as of now..

all the best...

ganeshhity

By the way, thanks saint and amitda, I've covered more than 10% of my losses...let's see how I go further..

 

[ping_manoj]

There is no TIPS flowing in from long....OK, this means we are not into uptrend as of now..

all the best...

ganeshhity

By the way, thanks saint and amitda, I've covered more than 10% of my losses...let's see how I go further..

Hi Ganesh,

The Tips are not flowing because the market has become overbought.
My system too (TwoNaHalf.cOm) has stopped giving tips for the same reason.
Nifty will touch 70 on the RSI today(22-Aug-2006) if it were to close higher(The Nifty's RSI has become 69.31 on 21-Aug-2006).
Maybe one should keep holding to positions till the time the Nifty's gives negative indications.

Best Wishes...

Regards

MANOJ

 

[shrinivas]

Hi Ganesh,

The Tips are not flowing because the market has become overbought.
My system too (TwoNaHalf.cOm) has stopped giving tips for the same reason.
Nifty will touch 70 on the RSI today(22-Aug-2006) if it were to close higher(The Nifty's RSI has become 69.31 on 21-Aug-2006).
Maybe one should keep holding to positions till the time the Nifty's gives negative indications.

Best Wishes...

Regards

MANOJ

manoj...
I've adopted the policy of entry exit entry till i'm in profits..I had entered bajaj hindustan at 324 2 days back and exitted at 345 levels same day (i do not remember the exact figures).....then got into hindalco yesterday at 159, exited today at 165..entered back bajaj hindustan today at 325....will exit if i get profit tomorrow or in 2-3 days....i've at the same time decided to take more of bajaj hindustan if it touches 315 tomorrow...and my strict stop loss is 310...
But i'm sure it will touch 340+ tomorrow..it was too low today...

all the best..

ganeshhity

 

[shrinivas]

Ahhhhh.... just one more thing, instead of going for costly stock like 900+, select stocks that have low values like ashok ley at 40, balrampur at 100 etc... a stock of 100 easily touches 110 in this market (and then bounces back, so learn to book profits), but it is tough for a stock from 900 to 990, it may take longer...my best buy today is bajaj hindustan at 325... lets see how it goes..

all the best..

ganeshhity

 

[Saint]

There is no TIPS flowing in from long....OK, this means we are not into uptrend as of now..

all the best...

ganeshhity

By the way, thanks saint and amitda, I've covered more than 10% of my losses...let's see how I go further..

Great going,my friend..........keep on at it.All the best to you...

Saint

 

[shrinivas]

Great going,my friend..........keep on at it.All the best to you...

Saint

As always, thanks a lot saint........

ganeshhity

 

[shrinivas]

hi kuldeep,
It was nice meeting and talking to all of you..thanks for arranging the meeting...

You were talking about the indicator TRIX..just have a look at the chart, it is self explanatory.....I would never exit by the indicators at RSI and TRIX, though I would get alert..a break in price chart pattern, a break in trend confirms my exit.....

Just have a look at satyam's chart and see that if I would have exitted at the RSI and TRIX indicators, how much profit would I have cut down...
Neverthless, yes TRIX indicates a very good entry point..but for exit, hmmmmmmmm

all the best..

ganeshhity