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saurabh.bakliwal
White Belt
Joined: 09 Dec 2010
Posts: 18
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Post: #4411  Posted: Sat May 10, 2014 12:24 am Post subject: Re: Tata Steel |
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| saumya12 wrote: | | saurabh.bakliwal wrote: | | Tata Steel support 388 , 381 .. Inversed HNS on weekly charts for Tatasteel with neckline @ 435.Hence 2 weekly close above 435 .. should take it to 695. |
IMO
You are reading too much out of the weekly chart
Moreover, I suppose, we are not discussing for 2-3 (or more) years time span. |
Saumya : With this kind of trending market and d-day on 16th... 695 can come in 2 month also.  |
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ragarwal
Yellow Belt
Joined: 16 Nov 2008
Posts: 582
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| Post: #4412 Posted: Sat May 10, 2014 12:48 am Post subject: |
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| Hi vinay,can u spot a negative divergence in rsi in yesbnk,axis and icici bank charts. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4413 Posted: Sat May 10, 2014 10:50 am Post subject: |
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| ragarwal wrote: | | Hi vinay,can u spot a negative divergence in rsi in yesbnk,axis and icici bank charts. |
Agarwal, you will find such -ve div in hundreds of scrips and volume also not so high. But remember two things
(a) -ve div can vanish in no time since there is no such sign on weekly, and
(b) once a price makes an all time high, it actually becomes a great buy story.
so if your question is for trading, forget it. If it is for investment, I would suggests that you wait for dust to settle, no matter what govt comes or if there is hung parliament. |
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ragarwal
Yellow Belt
Joined: 16 Nov 2008
Posts: 582
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| Post: #4414 Posted: Sat May 10, 2014 11:06 am Post subject: |
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| Thnx vinay,the reason i wanted to know was thati have yes bank at 378.so if any correction coming in i shud get out.But I have bought this for investment and not trading,bought at 450in 2013,then bought more at 300.so have seen so many ups n downs in this stock |
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ian_botham47
White Belt
Joined: 09 May 2007
Posts: 12
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| Post: #4415 Posted: Sat May 10, 2014 11:22 am Post subject: |
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| vinay: pl.give ur suggestion on infy & tcs for 1 year's time frqame. |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4416 Posted: Sun May 11, 2014 6:47 pm Post subject: |
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| ragarwal wrote: | | Thnx vinay,the reason i wanted to know was thati have yes bank at 378.so if any correction coming in i shud get out.But I have bought this for investment and not trading,bought at 450in 2013,then bought more at 300.so have seen so many ups n downs in this stock |
in that case, I had suggested over a week ago that one should sell 40 to 70% of investment depending upon one' risk taking nature. Even if market zooms up and keeps going up, it is better to take a fresh look later and buy at higher level. Being a bank however, you make take a risk and sell only 40% tmrw. Remember, yes bank hasn't made an all time high yet and hence 548 and weekly close around 543 are strong resistance. If it doesn't break this even if nifty zooms up, sell some more.
incidentally, I will not touch yes bank due to its crooked promoters. only icici, axis, etc. |
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ragarwal
Yellow Belt
Joined: 16 Nov 2008
Posts: 582
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| Post: #4417 Posted: Sun May 11, 2014 6:56 pm Post subject: |
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| Thnx vinay:) |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4418 Posted: Sun May 11, 2014 6:58 pm Post subject: |
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| ian_botham47 wrote: | | vinay: pl.give ur suggestion on infy & tcs for 1 year's time frqame. |
I have been hearing a lot of experts on TV talking about IT being next to zoom up to prop up nifty, having fallen and consolidated a lot. I have a different view point, which is both fundamental and sentimental.
As you may be aware, India contributes a good amount to world GDP, particularly US GDP. Hence, a stable, majority govt. in India will boost economy not just in India but elsewhere. The large investors (funds) will start getting convinced that world economy is at last going to grow due to "brick and mortar", something that didn't happen for last 7 years. That will result in uprating of most sectors and derating of IT sector. The so called IT balloon will then burst. As far as Indian IT firms are concerned, a INR below 59 heading towards 53 will cause trouble to their earnings.
I had posted about a month ago that infy will be 2600 and tcs 1600 by july-aug. If that happens, you may start nibbling, mainly because long only funds discount a scrip one year in advance. Buying now will help you if it goes up in next 1-2 months but that's just trading. |
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pkveenu
White Belt
Joined: 21 Apr 2009
Posts: 106
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| Post: #4419 Posted: Sun May 11, 2014 8:50 pm Post subject: individual stock |
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hi vinay and apka
dear
pls guide me for Glaxo Pharma
i bought 55 shares @2452.00 in mar14 with the target in mind appx 2750.00 i saw 2680 around in mar-apr but could not sold off due to target in mind
i have received rs 50.00 as dividend income in apr.
now Glaxo is not moving up even pharma sector moves or not and even nifty moves up or not
rather day by day it is going down and down
what should i do?
regards
pkveenu |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4420 Posted: Sun May 11, 2014 9:22 pm Post subject: Re: individual stock |
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| pkveenu wrote: | hi vinay and apka
dear
pls guide me for Glaxo Pharma
i bought 55 shares @2452.00 in mar14 with the target in mind appx 2750.00 i saw 2680 around in mar-apr but could not sold off due to target in mind
i have received rs 50.00 as dividend income in apr.
now Glaxo is not moving up even pharma sector moves or not and even nifty moves up or not
rather day by day it is going down and down
what should i do?
regards
pkveenu |
looks bad. fall has more than discounted dividend. you only hope is daily/weekly doesn't close below 2365, which should be SL since a -ww can give 2035. having said this, there is +ve div on daily. Even if it goes up, it will be tough to close above 2475 but may give you chance to get out. |
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pkveenu
White Belt
Joined: 21 Apr 2009
Posts: 106
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| Post: #4421 Posted: Mon May 12, 2014 12:09 am Post subject: Re: individual stock |
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| vinay28 wrote: | | pkveenu wrote: | hi vinay and apka
dear
pls guide me for Glaxo Pharma
i bought 55 shares @2452.00 in mar14 with the target in mind appx 2750.00 i saw 2680 around in mar-apr but could not sold off due to target in mind
i have received rs 50.00 as dividend income in apr.
now Glaxo is not moving up even pharma sector moves or not and even nifty moves up or not
rather day by day it is going down and down
what should i do?
regards
pkveenu |
looks bad. fall has more than discounted dividend. you only hope is daily/weekly doesn't close below 2365, which should be SL since a -ww can give 2035. having said this, there is +ve div on daily. Even if it goes up, it will be tough to close above 2475 but may give you chance to get out. |
Thanks Vinay
will be getting out from this soon
vinay can u suggest some good scrip to invest medium to long term
i e 8 to 12 months
i have havells, central bank of india, firstsource ltd, hindoilexp.
pls advise
regards |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4422 Posted: Mon May 12, 2014 8:17 am Post subject: Re: individual stock |
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| pkveenu wrote: | Thanks Vinay
will be getting out from this soon
vinay can u suggest some good scrip to invest medium to long term
i e 8 to 12 months
i have havells, central bank of india, firstsource ltd, hindoilexp.
pls advise
regards |
there must be hundreds worth investing but difficult for me to identify. personally I don't like public sector companies, which will always suffer in valuations due to inefficiency, corruption, etc. Best to go for private firms. in that too, initially look for index scrips from different sectors, particularly banks, pharma, fmcg, etc.
also, go thru my thread "a simple strategy for investment". Once you have understood, do some desktop study about fundamentals. |
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pkveenu
White Belt
Joined: 21 Apr 2009
Posts: 106
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| Post: #4423 Posted: Mon May 12, 2014 8:54 am Post subject: Re: individual stock |
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| vinay28 wrote: | | pkveenu wrote: | Thanks Vinay
will be getting out from this soon
vinay can u suggest some good scrip to invest medium to long term
i e 8 to 12 months
i have havells, central bank of india, firstsource ltd, hindoilexp.
pls advise
regards |
there must be hundreds worth investing but difficult for me to identify. personally I don't like public sector companies, which will always suffer in valuations due to inefficiency, corruption, etc. Best to go for private firms. in that too, initially look for index scrips from different sectors, particularly banks, pharma, fmcg, etc.
also, go thru my thread "a simple strategy for investment". Once you have understood, do some desktop study about fundamentals. |
hi vinay
how can i see your this thread
let me know
thnx |
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #4424 Posted: Mon May 12, 2014 9:50 am Post subject: Re: individual stock |
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| pkveenu wrote: | hi vinay
how can i see your this thread
let me know
thnx |
go to forum on left side then search, put my name "vinay28" as author and put period as one year. if you can't find it, let me know |
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vpk_786
White Belt
Joined: 25 Nov 2013
Posts: 31
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| Post: #4425 Posted: Mon May 12, 2014 10:05 am Post subject: |
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| Hi, can some one post view on United Spirits? It is trading in range of 2755-2800 for past 8-10 trading sessions. |
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