Follow up of all stocks - upto closing of 15 JAN 2010
BARTRONICS
It has paused near its resistance from where the stock slipped south during the last weeks of OCT 2009. We have seen successful absorbtion near 160 levels during the first few days of JAN 2010. Similar bars are seen after that between 165 and 170 levels. The last daily bar is a down-bar with low volume attached to it. Possibly, some bullish operator has paused absorption to review the situation and confirm that no bear was selling into his buying/absoption few bars ago.
DSKULKARNI
The last daily bars is an outside bar with higher volume attached to it. The low of this bar is well lower than the low of the previous bar, and has also closed well above the lows. The higher volume under this bar perhaps indicates absorbtion. The bullish outlook is maintained.
KAUSHALYA
The last daily bar is a down-bar with very low volujme attached to it. The volume across the last 9 bars is progressively reducing. This indicates drying up of supply. It is very likely that the stock will "Buzz" very soon.
KFA
Doing okay. Likely to dip tommorrow. Will be a goo9d opportunity to enter at lower level.
The last bar is an inside, down-bar closing on the low, but has very low volume attached to it. However, it may take a small dip to about 62 before rsuming its upwards movement.
MAHABANK
The last daily bar seems like an upthrust bar that signals wekaness. However, we have seen signs of strength in the left-ground - in the form of reduced selling pressure and a test of supply on daily bars of 12 and 13 JAN 2010. Also, the stock has hit a resistance level which was created during APR 2008. Very likely that the high volume on the last daily bars indicated absorption. Outlook on this stock is bullish.
MLL
The stock is showing signs of absorption along with other signs of strength in the background. Bullish outlook is maintained.
MRPL
Feeling relieved to see the last daily bar with good volume under it. The daily bar of 12 JAN 2010 - which was a higher volume down-bar that went well below the low of its previous bar - had caused some concern. Bullish outlook maintained.
NATIONALUM
The volumes under the last daily bars of the past week are steady. Test of supply bars are seen. The stock has formed a trading range on the last two daily bars. This trading range may not be obvious on a daily chart. Switch to lower data resolution if possible. Bullish outlook is maintained.
ROHITFERRO
Showing signs of strength. Reducing selling pressure seen on daily bars 11 and 12 JAN 2010. Shake-out seen on 13 JAN 2010. Never know when this will rocket through 48.
ROLTA
No selling pressure!
SUNFLAG
Bullish outlook is maintained, though there is some coause for concern.
TULIP
There is very less volume under the last daily down-bar. Bullish outlook is maintained.
VIDEOIND
The last daily bar is a down-bar, closing on the low. The volume under this bar is slightly higher. Does this mean selling pressure or just that the general market conditions were not favourable to have a further markup? Also, one must observe that the price has come into a previous trading range created during the last days of NOV 2009. Possibly, the higher volume is generated due to rejuvenated buying from the old traders who are find the prices attractove now.