Stock Wealth: steel

Showing posts with label steel. Show all posts

Sunday, May 2, 2010

SAIL is heading towards 200 or below.

Author: Ilango | Posted at: 1:52 PM | Filed Under: steel |

"194 - 205 " is the area to look out for a +ve divergence after few days of fall..

A reliable support generally found in previous "resistance zone" comes @ 185-180.

A major weekly channel is under threat of "Breaking down".

Thursday, February 11, 2010

Tata Steel - above 544, a short term reversal.

Author: Ilango | Posted at: 8:00 AM | Filed Under: steel |

Monday, February 8, 2010

Tata Steel downtrending, yet to show price reversal..

Author: Ilango | Posted at: 11:13 PM | Filed Under: steel |

Tuesday, February 2, 2010

TATA STEEL

Author: Ilango | Posted at: 7:41 AM | Filed Under: steel |

Holding 570-580, this one is headed for 600-610+

Thursday, January 28, 2010

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

Author: Ilango | Posted at: 6:52 AM | Filed Under: Auto, finance, IT, RIL, steel |

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.

Thursday, January 21, 2010

Few Stocks View

Author: Ilango | Posted at: 7:10 AM | Filed Under: Auto, Banks, finance, RIL, steel |

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.

Wednesday, January 20, 2010

Tata Motors, Maruti & Tata Steel.

Author: Ilango | Posted at: 7:18 AM | Filed Under: Auto, steel |

Tuesday, January 19, 2010

Maruti & Tata Steel..

Author: Ilango | Posted at: 7:23 AM | Filed Under: Auto, steel |

Maruti has built a base around 1405-1415..if holds, it is set for a rally.

Tata Steel, if holds 625-630 zone, may start its 5th wave soon..

Monday, January 18, 2010

Tata Steel

Author: Ilango | Posted at: 7:46 AM | Filed Under: steel |

Tuesday, January 12, 2010

Tata Steel

Author: Ilango | Posted at: 9:51 PM | Filed Under: steel |

Monday, January 11, 2010

Tata Steel & Rel. Capital

Author: Ilango | Posted at: 7:07 AM | Filed Under: finance, steel |

Thursday, January 7, 2010

Tata Steel- Technically still in upmode.

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

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

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.