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psalm
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Joined: 12 Nov 2011
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Post: #511  Posted: Thu Jan 26, 2012 5:45 pm Post subject: Rcom |
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| rk_a2003 wrote: | Sam
Have a look at Rcom Chart. It's showing no weakness .A marathon from 60.80 to 96.20....Remarkable.It made an intra low of 60.8 on 20th dec and not looked back from there except for a small retracement around 73 levels and a brief halt ( even no retracement )around 89-92.
I catched it from low reversal went long around 64 and made a journey along with it's up move till I stopped out around 71.Went short around 89 and stopped out... booked loss.... watching for a retracement signal.
Scrip still not displaying any significant weakness.In recent times I have not seen such a move in any counter.Where do you see the immediate resistance for it.From the Chart I can see a resistance around 100 .Curious to go short....looks ...yummy!
Your views on it please! |
Hi RK,
You're absolutely right. Rcom is looking fabulous. I have looked at it a few times in the past for shorting, got it wrong most of the times. Its an AVOID as far as shorting is considered. In my opinion, its a Buy On Dips stock. You did well by going LONG from around 64 to 71. That's the way to play that stock, I feel. However, if one is adamant about shorting this stock, it can be done even now, with a Stoploss 96.5 on a closing basis. However, as you have mentioned in the post, its better to short it around 100. But again, placing a Stoploss will be another difficulty.  A tight Stoploss might help.
Having said that, I see this stock hitting 114-115 soon, with a little stoppage around 105. One cant rule out levels of 150 as well. Another thing is that, most of the stocks are ripe for shorting now. We will get hell lot of opportunities, if the market goes down from here. I believe that the market will go down from here. May be from tomorrow, else, from Monday. Any close below 5143 will invite selling, I guess. However, if the market decides to go up from here, RCOM can be a good pick.
Regards,
Sam
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rk_a2003
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| Post: #512 Posted: Thu Jan 26, 2012 6:42 pm Post subject: |
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Thanks sam!
I don't want to be adamant 
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pkholla
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| Post: #513 Posted: Thu Jan 26, 2012 6:49 pm Post subject: |
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| rka2003 and sam: Better to play very very safe with "bharosa rakho" chhota bhai's stocks (whether infra, cap, com, apple to zebra!) After all, he manipulated infra down from 1200+ to 500 within days just to have buy back. Then he has the cheek to complain that SOMEONE is manipulating my stock and please investigate!!! As soon as Infra is manipulated back to 1100+, I am exiting and saying bye bye to chhota sarkar and his chameli stocks. There are 2000 other scrips in NSE to choose from. This is my personal opinion and you are welcome to comment! Regards Prakash Holla
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ESNMURTY
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Joined: 31 Oct 2009
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| Post: #514 Posted: Thu Jan 26, 2012 10:42 pm Post subject: |
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| pkholla wrote: | | rka2003 and sam: Better to play very very safe with "bharosa rakho" chhota bhai's stocks (whether infra, cap, com, apple to zebra!) After all, he manipulated infra down from 1200+ to 500 within days just to have buy back. Then he has the cheek to complain that SOMEONE is manipulating my stock and please investigate!!! As soon as Infra is manipulated back to 1100+, I am exiting and saying bye bye to chhota sarkar and his chameli stocks. There are 2000 other scrips in NSE to choose from. This is my personal opinion and you are welcome to comment! Regards Prakash Holla |
Aptly said !
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ESNMURTY
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| Post: #515 Posted: Thu Jan 26, 2012 10:58 pm Post subject: stocks |
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Hi Psalm,
Enginners India appears to have formed a BULL FLAG PATTERN could move to 270 levels ...whats your view?
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psalm
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| Post: #516 Posted: Fri Jan 27, 2012 6:52 am Post subject: |
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| pkholla wrote: | | rka2003 and sam: Better to play very very safe with "bharosa rakho" chhota bhai's stocks (whether infra, cap, com, apple to zebra!) After all, he manipulated infra down from 1200+ to 500 within days just to have buy back. Then he has the cheek to complain that SOMEONE is manipulating my stock and please investigate!!! As soon as Infra is manipulated back to 1100+, I am exiting and saying bye bye to chhota sarkar and his chameli stocks. There are 2000 other scrips in NSE to choose from. This is my personal opinion and you are welcome to comment! Regards Prakash Holla |
Poora Bharosa hain......
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psalm
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| Post: #517 Posted: Fri Jan 27, 2012 7:15 am Post subject: Re: stocks |
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| ESNMURTY wrote: | Hi Psalm,
Enginners India appears to have formed a BULL FLAG PATTERN could move to 270 levels ...whats your view? |
Hi Murty,
Engineer's India has a lot of resistances in the range 247-259. I'll avoid this stock at this point of time or atleast for a day or two. If you want to buy this, please buy it only if the stock breaks 259. The target then could be 280 and 314. However, if you are already having the stock, keep a stoploss at 238 and hold it. However, if you have decides to buy this stock, then it buy it in the range 238-235 with Stoploss below 234.
NOTE: Don't go for any big moves today(especially LONG positions), I feel. By Monday, one will have a clear idea about the direction of the market, I think.
Regards,
Sam
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psalm
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| Post: #518 Posted: Fri Jan 27, 2012 9:38 am Post subject: Re: DLF |
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| psalm wrote: | DLF:
One can sell DLF in the range 221-224 with a stoploss above 225. The targets here could be 200 and 185. The stock will experience selling pressure, once it goes below 216.5.
Regards,
Sam |
DLF SHORT sell has been triggered. The high made today is 224.5. Keep a stoploss just above 225. First target from here is 217. If the stock goes below 216, then you can expect a move upto 195-200.
Regards,
Sam
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ESNMURTY
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| Post: #519 Posted: Fri Jan 27, 2012 9:41 am Post subject: Re: Blue Star |
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| ESNMURTY wrote: | | psalm wrote: | | ESNMURTY wrote: | | Hi, Whether BLUE STAR can be considered for buying? |
Hi Murty,
BlueStar has been under selling pressure throughout last year. However, for the last few weeks, the stock is showing some base-building. If the stock can hold this base and move further, then one can think about buying this stock. The stock closed at 175.2 yesterday. 170 levels will provide support for any correction. However, the stock has to break above 181 for maintaining the momentum. Then the next resistance will come around 197. Breaking the 200 level will be the key for this stock in the longer run. If it happens, then one can expect levels of 215 and then 260.
Regards,
Sam |
Thanks and regards |
Hi, Good Morning Psalm,
BLUESTAR ...just crossed 181
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psalm
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| Post: #520 Posted: Fri Jan 27, 2012 9:42 am Post subject: Tata Steel |
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Regards,
One can sell Tata Steel in the range 455-462 with stoploss above 465 for targets 400/340. I expect the stock to test 340 levels before march.
Regards,
Sam
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psalm
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| Post: #521 Posted: Fri Jan 27, 2012 10:01 am Post subject: Re: Blue Star |
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| ESNMURTY wrote: | | ESNMURTY wrote: | | psalm wrote: | | ESNMURTY wrote: | | Hi, Whether BLUE STAR can be considered for buying? |
Hi Murty,
BlueStar has been under selling pressure throughout last year. However, for the last few weeks, the stock is showing some base-building. If the stock can hold this base and move further, then one can think about buying this stock. The stock closed at 175.2 yesterday. 170 levels will provide support for any correction. However, the stock has to break above 181 for maintaining the momentum. Then the next resistance will come around 197. Breaking the 200 level will be the key for this stock in the longer run. If it happens, then one can expect levels of 215 and then 260.
Regards,
Sam |
Thanks and regards |
Hi, Good Morning Psalm,
BLUESTAR ...just crossed 181 |
yes Murty.... I saw it.... ..Had gone to 187....right?
Another one, Jindal Poly looks good....Might go to 225-230 levels....But its pretty difficult say in these market conditions....
Regards
Sam
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ESNMURTY
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| Post: #522 Posted: Fri Jan 27, 2012 10:02 am Post subject: stocks |
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| Tex rail at 65 looks good for 70-72
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psalm
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| Post: #523 Posted: Fri Jan 27, 2012 10:02 am Post subject: Re: Tata Steel |
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| psalm wrote: |
One can sell Tata Steel in the range 455-462 with stoploss above 465 for targets 400/340. I expect the stock to test 340 levels before march.
Regards,
Sam |
Tata Steel SHORT sell has been triggered.....Keep a stoploss just above 465.
Regards,
Sam
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psalm
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| Post: #524 Posted: Fri Jan 27, 2012 10:09 am Post subject: Texmaco Rail |
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| ESNMURTY wrote: | | Tex rail at 65 looks good for 70-72 |
The stock looks fine...but it has resistance in the range 67-68 before 70. But the stock will be better if it crosses 70.5...then a target of 79.5 can be expected. On the downside, 64-62.5 will be the support range.
Regards,
Sam
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psalm
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| Post: #525 Posted: Fri Jan 27, 2012 10:31 am Post subject: Re: Shriram Transport Finance |
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| psalm wrote: | Hi ragarwal
The stock has closed around 535 today. I expect the stock to reach 620 in a week or two. The stock has MINOR resistances around 545 and 574 levels. Once broken these levels, you can expect the stock to test 620. So, its better to exit the stock in the range 610-620, though there is possibility of reaching even 630. At the same time, the support for the stock exists at 528 and then 499. I expect it to test 420 levels again, after hitting 620-630 levels.
Regards,
Sam |
Hi Rashmi,
Shriram Transport has achieved almost all the targets, the high made today is 615. Current price is around 609.
Regards,
Sam
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