Some Good Steals...

[lrsekar]

That's a pretty long list pal...I'm not THAT good and energetic!
Sounds like you are investing rather than tarding?
Off the top of my head...Gail, Sun Iron, NTPC, NV Fert, Prism, 3II INFO, Dwari Sug, TCS, Satyam, IDFC, PNB, and Amtek would all be heading higher going ahead.
AllahabadBnk needs to cross 100-103 to go forward.
TVS Srichakra would gain past 90.
TVS Motors needs to clear 96.
BankRajasthan has much work ahead...and density too in the 70-75 area.
For the rest, please gimmie symbols and codes.
Regards.

Hi, Thanks Amit.

Yes , it is a mix of both long term and short term investments. Would you be suggesting any good subscription for stock invetment / trading selection.
I am having ICICI direct demat account.

Thanks
Raj

 

[devansh_god]

hey amit....
guficbio is lookin gooooood on the charts............beautiful chart..........a buy now....or a consolidation is expectd???

 

[roneeth]

Hello Amit!

Narmada Chemateur Petro at 49 plus...
as far as i can recolect you had given 47 as a sticky level...

Regards

Roneeth

 

[VICKY_SEEKINGINR]

Hi tradebull..
Wellwin...11 is stiff resistance and tried and fallen off before. Doing the same today. I'd take it passing 13 with volume.
Hyderabad Ind. has been climbing steadily 2-3 months by over Rs.300. It's too high now for any entry at this point. How much further it'll go, can't say.
MRPL...the buzz is it's heading for 70. It'll probably get there by and by. But there, it'll be topping an earlier peak, and for me it would be interesting to watch it past there. Will be slow I feel, but a safe defensive counter. The related counters here are all dependant on govt. policies.
Sterlite has had its peak at 125 recently, and is in a downtrend corrective phase. Will have to watch this for now.
India Cements was a better buy at 99 when called. Has a pretty good run left from the current 114 levels in the mid term, and will move quicker past 115-117. You could take it if you like. Strict s/l 109.
Regards.

Hi Amit..

I want to know about ICICI Bank, i am in it from 530 AVg..
Booked Half profit..

I want to know that in coming days 600 is Brakeable?

Please comment.

 

[Karuna]

Hi Karuna...I'd book partial profits and trail stop for now. Has not really moved past 74 convincingly yet.
Cheers.

HI Amitbe,

Sold all at 74 !!! Don't want to push my luck !!!
Anyways, started becoming difficult tracking targets and stoplosses, have to work out a good way to do it.

Thanks again,
Karuna

 

[naga2054]

Hi Nagzu,

Just an add to Amit's comments........To put it simply,a symmetrical triangle is a neutral pattern,usually it continues the trend before the triangle formation......but the word usually is important.What we do is to wait for a breakout or breakdown and trade accordingly.

An ascending triangle is usually a bullish formation......of course it could go the other way at times,which makes it exceptionally bearish.An ascending triangle at the bottom is still bullish,it is a sign of things about to change.As you said correctly,if the 2nd bottom is higher than the 1st bottom,now we have a higher pivot high+an asc triangle.....again a possible sign of better times.

A descending triangle is usually bearish......you get to see it more often as the stock is in a downtrend.Can a stock make atop and then make a 2nd top lower than the 1st one,and then get into a descending triangle?Sure.As with the ascending triangle,this is a sign of caution....a signal of bad times to come for this stock.Again,descending triangles usually break down,but there are those instances where it gets nullified.....then it's doubly bullish.In the case you mentioned,a lower pivot high + a desc triangle at the top is asign of caution.....possible breakdown.

Happy Trading!
Saint

Thanks saint, for those saintly words.. It really feels good to know, atleast technically, why something is rising/falling..
And the spirit for learning TA, you seniors have generated is exemplary..
WHen i joined last year in this forum.. the whole intention was to grab some tips here and there to earn some petty cash.
But Now, i see lot more technical discussion and more so, we juniors are reading charts, analyzing things.. we are indeed graduating..
HatsOff to u guys.. you people are truly spinning off a lot TAs

Nagzu

 

[naga2054]

Thanks for the add in saint...
Somewhere I feel, beyond all the technical elements, one has to eventually develop an instict for each chart one sees by looking at its character, and then as one tracks it, the anicipated moves begin to come true.

Very well said Amit.. Infact,when a non-TA guy sees a chart, its this intution which will push him to buy/sell a stock.
Ta, as wht it seems to me, is the emperical study of various typical patterns which occur and get repeated regularly.
As i was telling you the other day, if we can mathematically formulate our emperical / intutive feelings.. probably we can automate the search to pick our gems.. I really dunno how possible it is, but isnt maths-statistics, probability all about it..

nagzu

 

[p_haolader]

How good are these shares, can I enter at current levels. Anybody have any useful information,

Vardhman Acrylics Ltd. (VARDHACRLC on NSE)
Karuturi.Com Ltd (531687 on BSE)

 

[Saint]

WHen i joined last year in this forum.. the whole intention was to grab some tips here and there to earn some petty cash.
But Now, i see lot more technical discussion and more so, we juniors are reading charts, analyzing things.. we are indeed graduating

So very nice to hear that!All the best...

Saint

 

[madhura]

Hi Amit,
i was going through the chart for AShiana housing and finance...it is beautiful graph and ascending one...
it has also formed double tops 2 times...also crossed that level and rised at great rate...can u have a look at it...whether it is buy at 100-120 level..

Thanks
\Madhura