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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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Post: #736  Posted: Sun Feb 05, 2012 9:54 pm Post subject: |
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| vinay28 wrote: | | sam your numbers have gone haywire. most of them should be in 1100+ |
Hey sorry man...... .....I'll edit it and submit again......it was just my carelessness.....thanks for indicating the mistakes.....
Regards,
Sam
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vinay28
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Joined: 24 Dec 2010
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| Post: #737 Posted: Sun Feb 05, 2012 10:07 pm Post subject: |
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thanks sam. my initial target is also 1160-75.
by the way, never try to drown your sorrows in booze. 
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #738 Posted: Sun Feb 05, 2012 10:23 pm Post subject: |
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| vinay28 wrote: | thanks sam. my initial target is also 1160-75.
by the way, never try to drown your sorrows in booze. |
hahahaha......I dont booze now vinay....its been a while.....I have realized that its better to quit at 30 than later....  ....so, quit it a year ago....
I'll share an interesting quote by George Best....here it is:
""In 1969, I gave up women and alcohol - it was the worst 20 minutes of my life""
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ESNMURTY
White Belt
Joined: 31 Oct 2009
Posts: 380
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| Post: #739 Posted: Sun Feb 05, 2012 10:53 pm Post subject: stocks |
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Hi,
Chambal appears to have formed HAS Pattern in 12 months chart and is likely to BO ABOVE 91-92
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psalm
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Posts: 5368
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| Post: #740 Posted: Sun Feb 05, 2012 11:15 pm Post subject: Re: stocks |
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| ESNMURTY wrote: | Hi,
Chambal appears to have formed HAS Pattern in 12 months chart and is likely to BO ABOVE 91-92 |
Hi Murty,
Yes the stock could breakout above 92 levels. However, to be frank, I wont consider that pattern as a HNS. It doesn't fulfill all the conditions for a HAS.
Regards,
Sam
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #741 Posted: Mon Feb 06, 2012 9:24 am Post subject: |
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axis bank immediate target of 4 aces reached.
sam, I prefer to drown booze in my sorrow! 
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psalm
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Posts: 5368
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| Post: #742 Posted: Mon Feb 06, 2012 9:26 am Post subject: |
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| vinay28 wrote: | axis bank immediate target of 4 aces reached.
sam, I prefer to drown booze in my sorrow! |
not bad....hehehe
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #743 Posted: Mon Feb 06, 2012 9:33 am Post subject: BHEL |
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BHEL:
The stock looks promising. Currently trading around 267. It could gain another 50 rupees from here, if it holds 260 levels, I guess. That means another 20%. Its a great return for a big stock like BHEL, if it goes there.
SAM
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psalm
Black Belt
Joined: 12 Nov 2011
Posts: 5368
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| Post: #744 Posted: Mon Feb 06, 2012 2:50 pm Post subject: Reliance Infra |
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Reliance Infra:
Reliance Infra has support in the range 537-542. The stock is trading around 543 now. One can buy the stock in this range with stoploss below 535 for a target of 600/640. This is a bit risky if the market witnesses profit booking, but the risk-reward is tempting.
SAM
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #745 Posted: Mon Feb 06, 2012 2:58 pm Post subject: Re: Aban Offshore |
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| psalm wrote: | | 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 |
The high made today is 562....and is trading around 544 now...
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #746 Posted: Mon Feb 06, 2012 2:59 pm Post subject: Re: Chambal Fertilizer |
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| psalm wrote: | | 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 |
The high made today is 91.25...currently trading around 87 levels...
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #747 Posted: Mon Feb 06, 2012 3:13 pm Post subject: Re: Reliance Infra |
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| psalm wrote: | Reliance Infra:
Reliance Infra has support in the range 537-542. The stock is trading around 543 now. One can buy the stock in this range with stoploss below 535 for a target of 600/640. This is a bit risky if the market witnesses profit booking, but the risk-reward is tempting.
SAM |
The low made today is around 540....currently trading around 552.....
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #748 Posted: Mon Feb 06, 2012 7:09 pm Post subject: |
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| Sam, forgot to ask you before. what method(s) do you use to find out support/resistances, both short and long term?
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psalm
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Joined: 12 Nov 2011
Posts: 5368
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| Post: #749 Posted: Mon Feb 06, 2012 9:27 pm Post subject: |
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| vinay28 wrote: | | Sam, forgot to ask you before. what method(s) do you use to find out support/resistances, both short and long term? |
Vinay,
I look for trend first. I always prefer to go with the trend. I might fail in identifying the trend at times, as happened with me last time . However, I try to trade with my believes. The advantage is that I wont get panic during volatile times. The belief comes from the study of charts. Sometimes, the study won't reveal the true picture partly because of the limitations of me as a person and partly due to the limitation of my system. Generally, I always look for patterns, trade signals and possible price movements. If I feel that I have identified a stock, I'll look for opportunities. That means levels to enter and exit as we all know. I use pivots for that to enter and exit. Fibonacci tools are my friends in finding levels most of the times. By the way, I have explained this thing a few times earlier, Vinay. Please check the following link to check it.
http://www.icharts.in/forum/individual-stocks-t3987,postorder,desc,highlight,fibonacci,start,340.html
I hope it answers your question....If not, I'll explain it again....But its a simple method....it wont be difficult.... even for a kid.....
SAM
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #750 Posted: Mon Feb 06, 2012 9:36 pm Post subject: |
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| danke!
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