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vinay28
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Joined: 24 Dec 2010
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Post: #721  Posted: Fri Feb 03, 2012 3:13 pm Post subject: |
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sam, without meaning to offend you, however strong your TA view may be, you have also to look for tell-tell signals both on FA and TA e.g. there are other threads which kept on mentioning at least 5200. see my thread on running with the wolves.
good luck dear. I am worried after 7th or at the most 10th feb no matter how bullish it may look then
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psalm
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Joined: 12 Nov 2011
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| Post: #722 Posted: Fri Feb 03, 2012 3:24 pm Post subject: |
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| vinay28 wrote: | sam, without meaning to offend you, however strong your TA view may be, you have also to look for tell-tell signals both on FA and TA e.g. there are other threads which kept on mentioning at least 5200. see my thread on running with the wolves.
good luck dear. I am worried after 7th or at the most 10th feb no matter how bullish it may look then |
Vinay, it happens once in a while....I'm not worried about my method.......I'm an average trader earning average returns......The method I have is not without any defects.....I know that....however, this method has been successful for me in the past........but yes, i can improve....i can earn a bit more.....I'm learning......and I will learn from all these setbacks....
NOTE: I'm not buying now....not really confident yet....may be my mind is waiting for the 5400 levels.... 
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vinay28
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Joined: 24 Dec 2010
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| Post: #723 Posted: Fri Feb 03, 2012 3:26 pm Post subject: |
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| buy axis bank
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vinay28
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Joined: 24 Dec 2010
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| Post: #724 Posted: Fri Feb 03, 2012 3:31 pm Post subject: |
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u mean waiting for 5400 to buy? 
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psalm
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Joined: 12 Nov 2011
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| Post: #725 Posted: Fri Feb 03, 2012 3:35 pm Post subject: |
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| vinay28 wrote: | | u mean waiting for 5400 to buy? |
I'll assess the situation once it breaches 5400....if 5400 is broken, that means making "LOWER HIGHS and LOWER LOW" trend is over......That will give me the confirmation to look at it again....Will decide on it at that time...may be the market will start going down again after touching 5400 or 5450....but its better to trade at that time....rather than being uncertain.....
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mpgramesh
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Joined: 13 Dec 2011
Posts: 79
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| Post: #726 Posted: Fri Feb 03, 2012 3:45 pm Post subject: |
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| psalm wrote: | | vinay28 wrote: | sam, without meaning to offend you, however strong your TA view may be, you have also to look for tell-tell signals both on FA and TA e.g. there are other threads which kept on mentioning at least 5200. see my thread on running with the wolves.
good luck dear. I am worried after 7th or at the most 10th feb no matter how bullish it may look then |
Vinay, it happens once in a while....I'm not worried about my method.......I'm an average trader earning average returns......The method I have is not without any defects.....I know that....however, this method has been successful for me in the past........but yes, i can improve....i can earn a bit more.....I'm learning......and I will learn from all these setbacks....
NOTE: I'm not buying now....not really confident yet....may be my mind is waiting for the 5400 levels.... |
V V V GOOD ONE
U R A DICIPLINE TRADER
SUPPER
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #727 Posted: Sat Feb 04, 2012 9:10 pm Post subject: Aban Offshore |
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| bismillah001 wrote: | | wht abt aban. any thought or analysis |
ABAN OFFSHORE:
Aban has had an excellent rally in the last few weeks. The stock had made a 52 week low of around 320. It is trading around 550 now. In doing so, the stock has crossed a lot of resistances. However; it is near a major resistance now, in the range 562-572. Though the stock has a target of 720-740, the stock may experience some profit booking around these levels. May be it could form a Flag Pattern, or else corrects upto 510-480 levels. So, any buying around these levels should be avoided. They'll get a chance to buy if they can wait for the stock cross the 575 levels. Similarly, any correction to the levels of 510-480 will be a good opportunity to enter.
Regards,
Sam
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ESNMURTY
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Joined: 31 Oct 2009
Posts: 380
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| Post: #728 Posted: Sat Feb 04, 2012 10:51 pm Post subject: stocks |
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Hi, Psalm,
How good is CHAMBAL FERT to buy @90
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #729 Posted: Sun Feb 05, 2012 10:12 am Post subject: |
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Psalm: Hi Sam what is your view on Maruti now that it has reached 200EMA. Further, rumors say that Suzuki may use India as base for exports to South Asia and East Europe? New plant may also mean move away from troublesome Haryana to more peaceful Gujarat!
Thanks in advance Prakash Holla
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psalm
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| Post: #730 Posted: Sun Feb 05, 2012 11:45 am Post subject: Chambal Fertilizer |
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| ESNMURTY wrote: | Hi, Psalm,
How good is CHAMBAL FERT to buy @90 |
Hi Murty,
I had given my opinion about the Chambal Fertilizer around 2 months back. You can check the thread in the following link:
http://www.icharts.in/forum/chambal-fertilizer-t3966.html
I was expecting the stock to hit 65 levels with 84 as an important level to cross on the upside. The stock has gone to 72 levels and then bounced back. However, till the last day of January, the stock was not able to cross the 84 level on a closing basis. After closing above 84 levels for the first time in almost 2 months, the stock has spent almost 3 days above that level. The stock has now closed above another major resistance level of 88. It shows the strenghth. Now, one can think about buying it if there is a correction. Any correction upto 86-84 range can be bought. A target of 101 or 102 is possible for the stock within a few weeks. Immediate resistance for the stock is around 91.5-92. Immediate support for the stock is around 88 and then 84 levels. I don't expect the stock to go below 80 from here onwards. As long as the stock is above 80, the stock will be in an uptrend.
Note: This stock has been a relative outperformer. If the market goes to around 5700 or 5800, this stock has enough strength to reach 120-125 levels. Any changes in Govt Fertilizer policy might be the trigger the stock is waiting for now.
Regards,
Sam
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psalm
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| Post: #731 Posted: Sun Feb 05, 2012 11:50 am Post subject: |
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| pkholla wrote: | Psalm: Hi Sam what is your view on Maruti now that it has reached 200EMA. Further, rumors say that Suzuki may use India as base for exports to South Asia and East Europe? New plant may also mean move away from troublesome Haryana to more peaceful Gujarat!
Thanks in advance Prakash Holla |
Hi Prakash,
I have given my opinion on Maruti only a few days back in this thread itself. I'm repeating it again here. Maruti Suzuki has immediate resistance at 1222 (1232 is the recent high) levels. If the stock is able to close above 1223, then the stock can move to 1275-1290 range. Above that range, 1360 could be possible. The stock has immediate support around 1180-1170 levels. Any breach of this area, the stock might correct to 1110 levels. Below 1100 levels, the stock will test 1030 levels.
NOTE: This is a short to medium term view. This was posted on Friday. I hope this answers your question.
Regards,
Sam
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vinay28
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Joined: 24 Dec 2010
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| Post: #732 Posted: Sun Feb 05, 2012 1:04 pm Post subject: |
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have a look at axis bank, sam
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #733 Posted: Sun Feb 05, 2012 3:53 pm Post subject: Axis Bank |
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| vinay28 wrote: | | have a look at axis bank, sam |
Vinay,
Axis bank is not looking bad. I believe you are holding Axis Bank. If so, there is nothing wrong in holding it further. If the stock goes above 1110 (which it will by every chance) there will be an upside of 50 rupees. One should think about booking profit around 1155-1160 levels. 1160 is a serious resistance. Any close above that will be another invitation for a buy. In my opinion, its better to avoid this stock if it goes in the range 1160-1175. Breaking of the levels 1175 will be the time to enter the stock again, then there is chance of the stock testing 1400 levels. Immediate support of the stock is at 1085. For positional traders, the stoploss should be 1060. So, its better to buy it around 1080 or even lower, with stoploss below 1060 for a target of 1155 or 1160.
Regards,
Sam
Last edited by psalm on Sun Feb 05, 2012 9:56 pm; edited 1 time in total |
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pkholla
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Joined: 04 Nov 2010
Posts: 2890
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| Post: #734 Posted: Sun Feb 05, 2012 4:57 pm Post subject: |
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(Hi Prakash, Maruti Suzuki has immediate resistance at 1222 (1232 is the recent high) levels. If the stock is able to close above 1223, then the stock can move to 1275-1290 range. Above that range, 1360 could be possible. The stock has immediate support around 1180-1170 levels. Any breach of this area, the stock might correct to 1110 levels. Below 1100 levels, the stock will test 1030 levels.Sam)
Sam: sorry, didnt see your prev post. thanks a lot for taking trouble. Next time just write see prev post of xx/xx/xx. Warm regards Prakash Holla
Last edited by pkholla on Sun Feb 05, 2012 5:28 pm; edited 1 time in total |
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #735 Posted: Sun Feb 05, 2012 5:18 pm Post subject: |
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| sam your numbers have gone haywire. most of them should be in 1100+
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