Itc , Double Top .. A Dangerous Sign Ahead...

[Agilent]

HI AGILENT,..

THANX FOR YAHOO CHART LINK... BUT I DIDNT FIND IT ANYTHNG LIKE DOUBLE TOP HAS BEEN FORMED THERE ,.. IT CROSSED 208.50 . WENT UPTO 212.50 (i.e. its lifetime high also.)

DARSH

The first peak in april , the second in May ( I dont have exact dates ... but see the chart again.. its crystal clear)

After the first peak (208) it declined to nearly 180 (intraday), some weeks before the second peak was formed.
http://finance.yahoo.com/charts#chart1:symbol=itc.ns;range=1y;indicator=volume;charttype=ohlc;crosshair=on;logscale=off;source=undefinedhttp://

AGILENT

 

[Agilent]

Come to think of it the nifty could be forming a double top if it refuses to crack its previous high.

Vince

The current is too strong.

I guess the India story is here to stay .

And u know what ....sensex at 15 K and nifty at 5 K look so attractive milestones for the bulls that they will give their lives to attain those. The closer we get to these, the more they will acquire that 'magnetic' pull , luring the masses ... somewhat like a self-fulfilling-prophecy (sfp .. if u are familiar with that phenomenon)

So moral of the story (Czar are u listening ... )...short at yr own risk

(Me ? I believe only in stock specific action nowadays .. know of any turnarounds, anyone ? )

AGILENT

 

[swagat86]

(Me ? I believe only in stock specific action nowadays .. know of any turnarounds, anyone ? )

AGILENT

Sugar May be

 

[SavantGarde]

Vince

The current is too strong.

I guess the India story is here to stay .

And u know what ....sensex at 15 K and nifty at 5 K look so attractive milestones for the bulls that they will give their lives to attain those. The closer we get to these, the more they will acquire that 'magnetic' pull , luring the masses ... somewhat like a self-fulfilling-prophecy (sfp .. if u are familiar with that phenomenon)

So moral of the story (Czar are u listening ... )...short at yr own risk

(Me ? I believe only in stock specific action nowadays .. know of any turnarounds, anyone ? )

AGILENT

CENTURYTEX looks good especially for Monday & Keep a close eye on Bharti, RIL, JSWSteel good for about 50 Bucks from close & IDFC

Rgds

SavantGarde

 

[Czar]

Vince

The current is too strong.

I guess the India story is here to stay .

And u know what ....sensex at 15 K and nifty at 5 K look so attractive milestones for the bulls that they will give their lives to attain those. The closer we get to these, the more they will acquire that 'magnetic' pull , luring the masses ... somewhat like a self-fulfilling-prophecy (sfp .. if u are familiar with that phenomenon)

So moral of the story (Czar are u listening ... )...short at yr own risk

(Me ? I believe only in stock specific action nowadays .. know of any turnarounds, anyone ? )

AGILENT

lol thanks for the warning... in your thread I had mentioned that 16/18K was on cards but now i think not... hey 5K nifty would take sensex up to 17Kish

My take - final countdown... 2 trials achieved for the mob to buy at dips, now ready for the exhaution runup (already on), anyways if not the end atleast a correction is due for the 600 points in 2 days runup...

 

[amitt29]

I second that,Negative divergences in RSI,MACD and Trix coupled with Irregular top in EW terms they all signify euphoria and denial,which is a recipe for a correction.All it has to do now is trade flat for a couple of days to crack or runup continuosly to clear the divergence(indicator following the price).

 

[Czar]

1 thing for sure is monday gap up would be a sell

 

[vince]

Vince

The current is too strong.

I guess the India story is here to stay .

And u know what ....sensex at 15 K and nifty at 5 K look so attractive milestones for the bulls that they will give their lives to attain those. The closer we get to these, the more they will acquire that 'magnetic' pull , luring the masses ... somewhat like a self-fulfilling-prophecy (sfp .. if u are familiar with that phenomenon)

So moral of the story (Czar are u listening ... )...short at yr own risk

(Me ? I believe only in stock specific action nowadays .. know of any turnarounds, anyone ? )

AGILENT

As I had said earlier Agilent, If it refuses to crack its previous high. Since it has , I am no one to argue with the market.

So lets just follow that chart and make some more money eitherways.

 

[jatayoo]

As I had said earlier Agilent, If it refuses to crack its previous high. Since it has , I am no one to argue with the market.

So lets just follow that chart and make some more money eitherways.

HI AGILENT
Sure ,it is "LIBERTY SHOES"

 

[fantoosh]

hi all
more abt itc, shall we quit?