Some Good Steals...

ssnkumar · Oct 14, 2005

mail2joshi said:

Where did you read this news about split!?
It was split recently and are they again going to split!!?

Regards,
Narendra

vizzie · Oct 15, 2005

Hi

Can nybody pls give sme info on how support n resistance are calculated using fibonacci numbers?

cheers
vizzie

cjsheth · Oct 15, 2005

AMIOTBE,

I am holding GTL for quite sometime some 1 and half years. Every time I get the news from the Media that It will go up handsomely but that just does not happen. Will be able to guide me as I have purchased the shares @ 128/- when CNBC Had suggested that it is is sure to go up and there is no question of Stop Loss on this stock. Its financials are all good still It does not move. What should be the strategy now.

Chandu

kkrish68 · Oct 16, 2005

ssnkumar said:

This looks like Gujarat Ambuja Exports and not cement.

regards
Kishore

naga2054 · Oct 17, 2005

hi amit...
great going dude.. long time since we had a chat.. been hiding in the silent trenches of the forum..
i was looking at india cements and it seemed to me ,forming a head and shoulders pattern.. can u please look at the chart attached and let me know that its not just my illusion..

please respond..
nagzu

mail2joshi · Oct 17, 2005

kkrish68 said:

Hi All,
My mistake, I read old archive without giving attention to the date.

Although I wud like Amit and other members to suggest this scrip at this level with possible support and resistance !
I did notice 65 is weak support after that 61 is strong support ,but I might be wrong so please suggest.

Regards
sjoshi

AMITBE · Oct 17, 2005

naga2054 said:

Hi Nagzu...yeah long time no chat...been ok I hope. I've reorganised my data and this has taken all my time in the last week.
Yes, the H&S that you have sent out does look like it, though it differs from the typical one in that the neckline on either side is too high and too steep. Also you have defined it strongly with your lines, as in the actual bar charts it could just amount to bottom testing.
If we close below 90 tonight, that would give confirmation. On the other hand a close above 95 with good volume may just take it higher.
There is strong support at current levels and today the volume is coming in more. It can go either way.
Pure charting in present conditions may mislead. While the players are going to be cautious with these formations, there are results round the corner too and further, bottom fishing may take place if the market perks up. So watch it.
Great going Nagzu...do come around more often.

naga2054 · Oct 17, 2005

AMITBE said:

Thanks Amit.. was trying to learn some tech analysis in between.. going thru john. H. Murphy and experimenting on the new tool i got recently.. getting acquainted to many technical tools.. but again, which tool/indicator to use when is again smthg which has to be gained by experience, i believe.
And i am sure, u are going to lead us thru this path

Good to recieve your view on the H&S.. Thanks, my friend.

Nagzu

AMITBE · Oct 17, 2005

mail2joshi said:

Hi Joshi...AujAmbExp has strong support at 86-89 and not much below to 75.
No buying is suggested as the correction is still incomplete. The market itself is wobbly.
Regards.

chopra · Oct 17, 2005

Dear Amit,
I like to get your advice regarding. The symbol codes are of icicidirect.
Essar Steel(ESSSTE) @65 cmp 48/-
Ispat India(ISPIND) @30 cmp 19/-
Uni Abex Alloy(UNIABE) @156 cmp 114/-
Tele Data(TELDAT) @32 cmp 26/-

I am willing to wait for long term or will it be better to take cash and put into some other scrip.

And is it right time to re-enter Ultra tech(ULTCEM) cmp 394/-

Please suggest,

Regards,
Ashish

Some Good Steals...

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