Showing posts with label finance. Show all posts
Showing posts with label finance. Show all posts

Thursday, January 28, 2010

Stocks on major trend reversal may have mild relief rally if certain supports hold.

Stocks have broken major trendlines and the correction or the downtrend will be deeper that the ones experienced during this last one year upmove. Do not get deceived by any rallies. Sell into 3- 4 days old rallies.





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Thursday, January 21, 2010

Few Stocks View

Icici Bank, Tata Steel, Maruti have closed above their "Day High Ema"
suggesting upward momentum in them.
Other stocks are holding their supports.
A move past 2185 will propell SBI higher.
RIL has closed below its low ema and it must protect
1065-1070 zone for a reversal from here.









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Wednesday, January 20, 2010

RIL & Rel.Cap-Critical levels to cross.,if not..


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Tuesday, January 19, 2010

Reliance & Rel. Capital on verge of some big moves..

Look for confirmatory break outs and follow the prices.

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Monday, January 18, 2010

Reliance & Rel. Capital


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Tuesday, January 12, 2010

RIL & Rel. Capital


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Monday, January 11, 2010

Tata Steel & Rel. Capital


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Thursday, January 7, 2010

Reliance Capital


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

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.



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Wednesday, January 6, 2010

Stocks - Overbought with neg. div..

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.




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Tuesday, January 5, 2010

Rel.Capital, SBI, Tisco, Icici Bank




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Sunday, January 3, 2010

Reliance Capital





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Tuesday, November 17, 2009

Reliance Capital

Reliance Capital - HOUR
Reliance Capital - DAY

Reliance Capital - WEEK

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Saturday, October 31, 2009

LIC Housing Finance- Reversal after a spectacular run.

Weekly negative divergence should never be treated lightly. Even medium to long term investors can book out, atleast partially, and may re-enter at lower levels @ 38% or 50% retracements..depending on the overall market conditions.

On the daily chart, it may be nearing a temerory bottom. After a brief rally or a pause, it should resume its down trend.
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Friday, October 30, 2009

HOLD Stocks for more gains..

The one success formula in the stock market is "Believe in what you see and act on it on time having faith in your own views".

If you have bought stocks yesterday at the mentioned levels, do not sell at the mentioned levels as positive world cues would fetch higher prices. So raise the selling price higher and use trailing SL to lock in the profits.
Tata Steel: 461-475++.........503--
Suzlon:..........69-70++...........75--
RCapital :... 720-735++.........795--
RCom :...... 185-195++.........204--
Essar Oil:... 130-132...........145--
Cairn :....... .262-265...........276--
Icici Bk :..... 770-780...........826--
Aban :........... 1285++...........1400--

Whenever market is above its 200DMA and you see a continuous 5 days of fall, you buy there, then you are likely to get very good short term gains. While Nifty trading above its 200DMA(3930) fell for 8 days with a small pause in one day in between had offered such an opportunity. And it may offer again too.
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