Some Good Steals...

[rahulg77]

hI RAHUL,
Thanks for the reply at least u have given the reply. I got a little.
Thanks
wrgrds
Ahmed

Hi Ahmed,

You are welcome. And pls do not take it negative that your query was not replied too. Look at it from there view....they are not doing this as a buisness, they do it as they like and enjoy helping people. They have so many queries everyday and plus they have to look after their own work and to find a balance is not easy and so is pleasing everyone here. there are times even I do not get an answer but I respect them for what they are doing. Just get into the flow and learn as much as u can form these wonderful ppl here.

Rgds

Rahul

 

[rahulg77]

Hi amit,

Sorry i went through the charts of IPCL again and i see it is not a divergence. Its just that the slope on the RSI is more than the slope of the price chart. there was a bearish divergence though from 4/4/06 to 21/04/06 and the price did fall after that.

and as for the RSI i think I have got it. RSI tells us the number of advances against the declines and hence the momentum of change is slow here it is less than the previous level. would that be right.

I am a bit concerend abt the charts of IPCL. there is a bit of ocngestion now. there was a bearish engulfing pattern, then a doji and then today a hanging man. What should my stratergy be. I want to understand what would u do at this point when MACD is still +ve, RSI is also above 50. But my purchase price is quite high at 286. My mistake was I saw a higher high and did not wait for a pull back.

Rgds'

Rahul

P.S also please let me know if I understood the RSI and saw the correct divergence in the RSI

 

[rvgandhi]

Dear AmitBE,

Can you please take a look at following scrips and advise if we are seeing a descending triangle ...

Infotecent.ns
Bharatforg.ns
apil.ns

thanks in advance

 

[AMITBE]

Dear AmitBE,

Can you please take a look at following scrips and advise if we are seeing a descending triangle ...

Infotecent.ns
Bharatforg.ns
apil.ns

thanks in advance

Hi RV...yes, on the face of it the price action on each of these would resemble a descending triangle formation which has a bearish connotation.
It's seen that this formation is more potent when there is an existing downwards trend in the charts.
If you note, the three mentioned by you are in the midst of pullbacks from recent all time highs. This is in itself a sign of good health of course.
Have a look at the weekly charts and the picture would look quite different.
Alstom is pulling back a little more and this is the one to watch if you are in.

If you went back to the charts, daily and weekly, and discussed crucial support levels where the pullbacks may begin to appear threatening, I'd be happy to give feedback. Or on any other aspect of the charts that look interesting, like candlestick formations or whatever.
I've been encouraging members to dig deeper into charts, this is the reason for the suggestion.

Bye for now.

 

[rvgandhi]

I've been encouraging members to dig deeper into charts, this is the reason for the suggestion.

Thanks for the insight... I am in all three... will dig deeper and come back for advice.

 

[AMITBE]

Amit bhai, just to acknowledge: it was great call on Super Spinning. It was up 14.54% today. Great going and I am in too.

cheers,
nkpanjiyar

Hi NK...thanks for those words...and I'm so happy you bought in.
Keep it around for long...will help the 300,000 mark in your portfolio!!

Cheers.

 

[ravi1967]

hai seniors
why not have a look at abishek industries @33/-, it seems to be on a breakout with good volumes
ravi

 

[AMITBE]

hai seniors
why not have a look at abishek industries @33/-, it seems to be on a breakout with good volumes
ravi

Hi ravi...thanks for posting..
I'd keep out till 33-34 can be taken and sustained with 28 s/l.
This is NOT a buy call on Abhishek...but a response to your post.

A lot of languishing laggards are waking up, so do be cautious.
Remember the scenario before the big correction pre Diwali last year.

All the best.

 

[pkjha30]

languishing laggards waking up,
All the best.

Hi Amit
Very apt phrase and a timely warning

Pankaj

 

[patnitin]

Hi,
I am new to this site.
I would like to have your comments on the following stocks.
jphydro(32)
prism cements(10) bought quite long ago
Khaitan electricals-Any news on this stock since for a 10-12 days its hitting the upper circuit every day.
Thanks in advance,
Regards,
Nitin