Some Good Steals...
- Thread starter AMITBE
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Hi Joshi
In my opinion it is better to keep away from these two counters as of now (Technically).
Zee Tele
CMP-152.3. This one had corrected rather heavily recently. The short term indicators are bearish. There is lack of direction and the movement is rather sideways as shown by the directional movement indicators. It had crossed the 13 day ma but well below its 39 day moving average. Currently it is overbought and can expect some correction.
Strong support exists at 140. On the upper side it will face stiff resistance around 170. First this has to cross this to make a good upward movement of any consequence.
NDTV
The story is similar to Zee Tele. Rather heavy correction. CMP-168.2.. Currently at along term resistance of 170. First this has to cross this convincingly. The short term indication is bearish and shows lack of direction. Currently overbought. We can expect a little correction. There is lot of density overhead (would face many resistance zones). I do not expect any substantial moves immediately.
There are many counters turning quite positive now. So better to put your money when the chances are better
Best regards
Karthik
In my opinion it is better to keep away from these two counters as of now (Technically).
Zee Tele
CMP-152.3. This one had corrected rather heavily recently. The short term indicators are bearish. There is lack of direction and the movement is rather sideways as shown by the directional movement indicators. It had crossed the 13 day ma but well below its 39 day moving average. Currently it is overbought and can expect some correction.
Strong support exists at 140. On the upper side it will face stiff resistance around 170. First this has to cross this to make a good upward movement of any consequence.
NDTV
The story is similar to Zee Tele. Rather heavy correction. CMP-168.2.. Currently at along term resistance of 170. First this has to cross this convincingly. The short term indication is bearish and shows lack of direction. Currently overbought. We can expect a little correction. There is lot of density overhead (would face many resistance zones). I do not expect any substantial moves immediately.
There are many counters turning quite positive now. So better to put your money when the chances are better
Best regards
Karthik
karthikmarar said:
Joshi
A small clarification. The Cmp mentioned in my earlier post were of yesterdays. Had not updated my EOD data at the time of posting.
Current CMP- NDTV-173.850 Zee Tele - 152.900. But the analysis still valid nothing changes.
regards
Karthik
A small clarification. The Cmp mentioned in my earlier post were of yesterdays. Had not updated my EOD data at the time of posting.
Current CMP- NDTV-173.850 Zee Tele - 152.900. But the analysis still valid nothing changes.
regards
Karthik
Thanks a lot for your analysis and helping me out in deciding these scrip.
Thanks a lot.
Can you please tell me some good scrip in same segment.
Regards
sjoshi
caprice said:
Hello Amit
I am still at Gateway D. LTD. cmp 278.20.. i saw it is not going below this.. what awaits me next... is it a massive heart attack or is it going to go to 315...
wanting your advice..
Thanks
Nishant
I am still at Gateway D. LTD. cmp 278.20.. i saw it is not going below this.. what awaits me next... is it a massive heart attack
or is it going to go to 315... wanting your advice..
Thanks
Nishant
The big spurt is gone and consolidating well for the next move which may not be as swift as the previous. The volume has dropped, a good thing in this slight pullback. I'm sure there are hands waiting to try and take it lower.
Wait and watch is what I would do.
Regards.
Hi Vicky...it's certainly looking ok now but I don't know about the 5 to 7 Rupee jump. Stop level here would be 28.50 though it'll never really sink alarmingly.
It's a one Rupee share and has under performed so far and has risen only at these high levels. So the risk is obvious and on the other hand this move was long awaited too.
Go in cautiously.
Regards.
It's a one Rupee share and has under performed so far and has risen only at these high levels. So the risk is obvious and on the other hand this move was long awaited too.
Go in cautiously.
Regards.
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