Stock Wealth: 2010-01-03

Thursday, January 7, 2010

Reliance Capital

Author: Ilango | Posted at: 10:30 PM | Filed Under: finance |

SBI & Icici Bank..

Author: Ilango | Posted at: 9:54 PM | Filed Under: Banks |

Tata Steel- Technically still in upmode.

Author: Ilango | Posted at: 9:52 PM | Filed Under: steel |

RIL-Looks set for a big move..?

Author: Ilango | Posted at: 8:58 PM | Filed Under: RIL |

In daily close chart- It has broken out.
In day/week candle chart, it is at the channel resistance.
Since Post Election results of last year, this stock has been consolidating.
Either breaks out of 1120 & 1145 to much higher levels
OR correct towards 1025 & then launch into big move up..

SBI, Icici Bank, Rel,Capital, Tata Steel-Follow up.

Author: Ilango | Posted at: 7:26 AM | Filed Under: Banks, finance, steel |

Tata steel seem to have completed a "5"; so did SAIL yesterday & reversed sharply. These are for sell on bounces with a close stop @ recent highs.
Others-SBI, Icici bank & Rel.Capital - Looks OB but no reversal sign yet.
Banking stocks could be a decider for the near term trend.

Wednesday, January 6, 2010

Bank Nifty for a week.

Author: Ilango | Posted at: 8:25 PM | Filed Under: Banks |

Channel resistance comes at 9300-9310.
Only a firm trade above & then clearing 9440 will be bullish.
If resisted @ 9300+, it can come down to test the supports @ 9000 & lower.

Stocks - Overbought with neg. div..

Author: Ilango | Posted at: 7:31 AM | Filed Under: Banks, finance, steel |

Stocks such as SBI, Icic bank & Rel Cap
seem to be in a triangle consolidation
with one more down to complete the triangle
before the final thrust up.
The final down can be either a deep or a shallow one.
TA also looks Overbought and in some
with negative divergences as in Tata Steel.