Some Good Steals...

[AMITBE]

Mcdowell at 507 has gone a little weak today.
The lowest tested was 496 today after a recent high at 530 off.
Should this correction put it lower, supports are at 503-494-485 with 476 being strong.
Look for these levels to enter. The upside is great with 588-600-618-639 in the mid term. The target is 700.

Bringing this up again.
McDowell peaked at 599 and closed 586.
We are in the first target area on this already. Raise stop at 543.

 

[AMITBE]

Hi PArtha...on your query on Agro Dutch and MACD, I'm quite tired tonight and will return tomorrow.
It's trending well but has been up about 7 days running. Wait and see for a pullback I'd say.
Till tomorrow.
Thanks.

 

[p_haolader]

Hi PArtha...on your query on Agro Dutch and MACD, I'm quite tired tonight and will return tomorrow.
It's trending well but has been up about 7 days running. Wait and see for a pullback I'd say.
Till tomorrow.
Thanks.

Hi Amit,

Thanks for taking out your valueable time, and a bigger thanks for replying to a newbie like me. AgroDutch and charts and MACD can all wait for a while .. get somes rest. Good night ...

To Life !!
- Partha

 

[roneeth]

Hello Amit,

What are your views on on Andhra Bank?
Daily was in a downtrend and it made a long bottoming tail on the 10/02/06,low being 82.5, Can we call it hammer candlestick which is seen after a prolonged downtrend. It opened at 90, closed at 92.8,Days high was 93.45 and days low was 82.5.
On the 13/02/06 there was a Doji formed ,open was at 93 and close at 92.4.
Can we take from here that a bottom is formed and there is a Reversal of trend.
I can see a Bullish Divergence in the R S I.
Trade plan:
Buy above yesterday’s high today at 94.25
Stop at : 82 (not sure is it a huge one?)
First target at the previous swing high 109
As you know my knowledge is limited ,please do correct me when time permits.

Regards

Roneeth

 

[AMITBE]

Hi Roneeth...will certainly do in a day or two if it can wait.
Hold Torrent without concerns for now. Anything above 309 is bullish teritory and stop is same as suggested yesterday.
Cheers.

 

[roneeth]

Hi Roneeth...will certainly do in a day or two if it can wait.
Hold Torrent without concerns for now. Anything above 309 is bullish teritory and stop is same as suggested yesterday.
Cheers.

No probs ,it can definitely wait.Thanks for Torrent.

Regards

Roneeth

 

[AMITBE]

Global Tele (GTL at NSE) was called around 109, and at slipping again at 105.
Some members had taken position I recall.
Moving strong at 117 now, it's a hold.
Stop at 113.

 

[AMITBE]

Global Tele (GTL at NSE) was called around 109, and at slipping again at 105.
Some members had taken position I recall.
Moving strong at 117 now, it's a hold.
Stop at 113.

Price has drifted down to 112.60 but seeing a strong fight at 113, dropping the stop to 111 max for anyone come in lower around 103-105.
The volume has declined and waiting to see if profit booking will stop somewhere here from those who entered at 108-110 in the last couple of days.

 

[brewin_vaz]

Hi Amit

I've been holding HLL since Rs. 190. The Q4 results came out today and the stock jumped 15 Rs. Should I continue holding or should i sell? Thanks.

 

[AMITBE]

Hi Amit

I've been holding HLL since Rs. 190. The Q4 results came out today and the stock jumped 15 Rs. Should I continue holding or should i sell? Thanks.

Hi there brewin_vaz...long time no see...been well I hope.
Nice trade on Hind Lever.
It's a hold with a strict stop at 214. On taking out 229 it'll likely move higher. If there's strong resistance at 229, book half in a falling market with the rest at the stop mentioned.
Good to see you.