Some Good Steals...

[ssnkumar]

Hi Amit,

Question for updating my knowledge of stock market.
Prajay Engg wnet upto 135 and has started to come down. Not it is at 123.
So, what type of pattern is it making?
Is it Bearish or is it making ascending/descending triangle?

Can you throw some light on this so that, we can have clear idea about this.

Regards,
Narendra

 

[AMITBE]

Hello Amit ! Gufic at 28.80....What do you suggest?
Regards Roneeth

Roneeth, Gufic may be less volatile than the rest, but 28.50 is suggested as bail out.
Watch for now if this is being threatened.

Nandan....no positions are suggested at this point whatsoever.

 

[AMITBE]

Hi Rajesh,
Why should I put my hard earned money down just because you say so?Would prefer if you could add some reasons why you are calling.Frankly this post looks more like an ad to get you on your email........my humble opinion
Anu

Thanks Anupama...I really appreciate this.

 

[AMITBE]

Hi Amitbe and All,
I just want to know when a stock is freeze or circuit (when no seller), will its value keep on increasing,
I am holding GLFL (Guj Lease Finance ltd) and dont know how long shd I hold it.
Thanks in Advance
sjoshi

Hi sjoshi...a circuit lock can be in either direction.
To the up, it would mean buying interest, so hold.
To the down, the opposite.
Regards.

 

[AMITBE]

Hi Amit
Update 19/09/05
Radhe Developers closed at 15.85
Bihar Sponge closed at 21.15
Facor Steel closed at 14.99
Sun Flag closed at 25.60
Thanks and regards
Suja

Thanks for the update...Radhe, Bihar and Facor seem to be sticking at resistance levels...? Can't remember where I had suggested these. Do post if possible.
Thanks.

 

[brewin_vaz]

Hi Amit

How r u doing? Hope everything's a-o-k. I was looking at UTTAM GALVA STEELS. It looks like a great stock. I was trying to analyse the charts from sify. What is your comment on this?

BTW, keep up the good work.

 

[AMITBE]

Hi Amit, Question for updating my knowledge of stock market. Prajay Engg wnet upto 135 and has started to come down. Not it is at 123. So, what type of pattern is it making?
Is it Bearish or is it making ascending/descending triangle?
Can you throw some light on this so that, we can have clear idea about this.
Regards, Narendra

Hi Narendra...Prajay is certainly looking to be in a short term bearish/corrective phase. I don't know where it is today, but yes, lower high and lower bottom is what it has done last three days.
Ascending triangles are seen in up trends. Conversely descending ones indicate a down trend.
In Praj's case, descending obviously.
Great to see ya checking TA!! Keep it up.

 

[rainmaker]

Hi Amit,

Got in at SPIC counter at 37.40. Booked partial profits at 39. CMP 35.40. Any opinion o whether to hold or book losses and get out ??

Rain Maker

 

[ssnkumar]

Hi Narendra...Prajay is certainly looking to be in a short term bearish/corrective phase. I don't know where it is today, but yes, lower high and lower bottom is what it has done last three days.
Ascending triangles are seen in up trends. Conversely descending ones indicate a down trend.
In Praj's case, descending obviously.
Great to see ya checking TA!! Keep it up.

I have subscribed to this TA and keep getting mails.
Also, I like the descussions that go on and the writeups that you post
That makes me to check the post regularly.

Prajay is certainly looking to be in a short term bearish/corrective phase. lower high and lower bottom is what it has done last three days.

I am not able to make out from the charts, these facts.
So, which part of the charts should I analyze to get this info?

Thanks,
Narendra

 

[rainmaker]

Hi Amit,

your opinion on SPIC. CMP 35.40. B/S ?

RainMaker