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rajmohanmbamhr
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Post: #196  Posted: Sat Jun 08, 2013 4:19 pm Post subject: IFCI |
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IFCI
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rajmohanmbamhr
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| Post: #197 Posted: Sat Jun 08, 2013 4:20 pm Post subject: IGL |
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IGL
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rajmohanmbamhr
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| Post: #198 Posted: Sat Jun 08, 2013 4:22 pm Post subject: Ranbaxy buy above weekly high |
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Ranbaxy buy above weekly high
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rajmohanmbamhr
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| Post: #199 Posted: Sat Jun 08, 2013 4:24 pm Post subject: TATA CHEM |
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TATA CHEM
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vinay28
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| Post: #200 Posted: Sat Jun 08, 2013 4:45 pm Post subject: Re: Hindpetro Buy if weekly high breached |
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| rajmohanmbamhr wrote: | | Hindpetro Buy if weekly high breached |
neckline is breached already
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rajmohanmbamhr
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| Post: #201 Posted: Sat Jun 08, 2013 5:27 pm Post subject: Re: Hindpetro Buy if weekly high breached |
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| vinay28 wrote: | | rajmohanmbamhr wrote: | | Hindpetro Buy if weekly high breached |
neckline is breached already |
Hi Vinay,
H&S is formed however the neckline is not breached clearly and and its a good buy as long as its trades above 275 based on multiple bounce from this region earlier.The formation of H&S when the stock trading near multiple year low(Inverted H&S) or high(H&S) will be highly effective.Here the H&S is sell( Here it is H&S) and the stock trading trading near Year low is contrary.Correct me if i am wrong.
I will also enter sell if it closed below 275
Thanks for your input.
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vinay28
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| Post: #202 Posted: Sat Jun 08, 2013 5:39 pm Post subject: Re: Hindpetro Buy if weekly high breached |
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| rajmohanmbamhr wrote: | | vinay28 wrote: | | rajmohanmbamhr wrote: | | Hindpetro Buy if weekly high breached |
neckline is breached already |
Hi Vinay,
H&S is formed however the neckline is not breached clearly and and its a good buy as long as its trades above 275 based on multiple bounce from this region earlier.The formation of H&S when the stock trading near multiple year low(Inverted H&S) or high(H&S) will be highly effective.Here the H&S is sell( Here it is H&S) and the stock trading trading near Year low is contrary.Correct me if i am wrong.
I will also enter sell if it closed below 275
Thanks for your input. |
As I see it neckline is about 300 and target is about 200. Buying above 275 is fine based on bouncing from that level (according to me not as per HnS) but what is SL and target?
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rajmohanmbamhr
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| Post: #203 Posted: Sat Jun 08, 2013 5:57 pm Post subject: Re: Hindpetro Buy if weekly high breached |
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| vinay28 wrote: | | rajmohanmbamhr wrote: | | vinay28 wrote: | | rajmohanmbamhr wrote: | | Hindpetro Buy if weekly high breached |
neckline is breached already |
Hi Vinay,
H&S is formed however the neckline is not breached clearly and and its a good buy as long as its trades above 275 based on multiple bounce from this region earlier.The formation of H&S when the stock trading near multiple year low(Inverted H&S) or high(H&S) will be highly effective.Here the H&S is sell( Here it is H&S) and the stock trading trading near Year low is contrary.Correct me if i am wrong.
I will also enter sell if it closed below 275
Thanks for your input. |
As I see it neckline is about 300 and target is about 200. Buying above 275 is fine based on bouncing from that level (according to me not as per HnS) but what is SL and target? |
For the chart closing below 275 is sl with buying above last week high and the initial target of 308 and 340
Thanks & Regards
Rajmohan
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vinay28
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Posts: 11748
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| Post: #204 Posted: Sat Jun 08, 2013 6:06 pm Post subject: Re: Hindpetro Buy if weekly high breached |
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| rajmohanmbamhr wrote: | | vinay28 wrote: | | rajmohanmbamhr wrote: | | vinay28 wrote: | | rajmohanmbamhr wrote: | | Hindpetro Buy if weekly high breached |
neckline is breached already |
Hi Vinay,
H&S is formed however the neckline is not breached clearly and and its a good buy as long as its trades above 275 based on multiple bounce from this region earlier.The formation of H&S when the stock trading near multiple year low(Inverted H&S) or high(H&S) will be highly effective.Here the H&S is sell( Here it is H&S) and the stock trading trading near Year low is contrary.Correct me if i am wrong.
I will also enter sell if it closed below 275
Thanks for your input. |
As I see it neckline is about 300 and target is about 200. Buying above 275 is fine based on bouncing from that level (according to me not as per HnS) but what is SL and target? |
For the chart closing below 275 is sl with buying above last week high and the initial target of 308 and 340
Thanks & Regards
Rajmohan |
Fine. Is SL of 275 on daily or weekly close basis?
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rajmohanmbamhr
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| Post: #205 Posted: Sat Jun 08, 2013 6:09 pm Post subject: Not good for the country as long as its trades above 5550 |
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Not good for the country as long as its moving above and trades above 5550
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rajmohanmbamhr
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Posts: 444
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| Post: #206 Posted: Sat Jun 08, 2013 6:20 pm Post subject: Re: Hindpetro Buy if weekly high breached |
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| vinay28 wrote: | | rajmohanmbamhr wrote: | | vinay28 wrote: | | rajmohanmbamhr wrote: | | vinay28 wrote: | | rajmohanmbamhr wrote: | | Hindpetro Buy if weekly high breached |
neckline is breached already |
Hi Vinay,
H&S is formed however the neckline is not breached clearly and and its a good buy as long as its trades above 275 based on multiple bounce from this region earlier.The formation of H&S when the stock trading near multiple year low(Inverted H&S) or high(H&S) will be highly effective.Here the H&S is sell( Here it is H&S) and the stock trading trading near Year low is contrary.Correct me if i am wrong.
I will also enter sell if it closed below 275
Thanks for your input. |
As I see it neckline is about 300 and target is about 200. Buying above 275 is fine based on bouncing from that level (according to me not as per HnS) but what is SL and target? |
For the chart closing below 275 is sl with buying above last week high and the initial target of 308 and 340
Thanks & Regards
Rajmohan |
Fine. Is SL of 275 on daily or weekly close basis? |
Though the chart attached is Weekly its better to close the position below 275 if its closes below 275 on daily chart(waiting for weekly close might cause major Draw down to the account ) and on the next day we can use that particular day candle high or low to take further position.
Thanks & Regards
Rajmohan
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vinay28
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Joined: 24 Dec 2010
Posts: 11748
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| Post: #207 Posted: Sun Jun 09, 2013 1:30 pm Post subject: Re: Not good for the country as long as its trades above 555 |
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| rajmohanmbamhr wrote: | | Not good for the country as long as its moving above and trades above 5550 |
You mean it's bad for country if oil falls? 
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rajmohanmbamhr
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Joined: 13 Oct 2011
Posts: 444
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| Post: #208 Posted: Sun Jun 09, 2013 6:00 pm Post subject: Re:Not good for the country as long as its trades above 5550 |
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| vinay28 wrote: | | rajmohanmbamhr wrote: | | Not good for the country as long as its moving above and trades above 5550 |
You mean it's bad for country if oil falls? |
Hi Vinay,
If crude trades above 5550 the possibility is higher that it will reach all time high soon.Then higher import bills and widening of current deficit will leads to lower spending for country welfare,infra development and increasing inflation. India's GDP contribution to worlds GDP in 1750 was 25% and now its less than 3% Its all due to the lack of Natural resource importantly Crude. Obviously Crude Oil as a important factor for industrial development is bane for India.
Note: However international crude oil technical's(denominated in USD) might be slightly different because the depreciation of Indian rupee is not factored in the below chart(Price denomination in INR).
Regards
Rajmohan
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vinay28
Black Belt
Joined: 24 Dec 2010
Posts: 11748
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| Post: #209 Posted: Sun Jun 09, 2013 7:04 pm Post subject: Re:Not good for the country as long as its trades above 5550 |
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| rajmohanmbamhr wrote: | | vinay28 wrote: | | rajmohanmbamhr wrote: | | Not good for the country as long as its moving above and trades above 5550 |
You mean it's bad for country if oil falls? |
Hi Vinay,
If crude trades above 5550 the possibility is higher that it will reach all time high soon.Then higher import bills and widening of current deficit will leads to lower spending for country welfare,infra development and increasing inflation. India's GDP contribution to worlds GDP in 1750 was 25% and now its less than 3% Its all due to the lack of Natural resource importantly Crude. Obviously Crude Oil as a important factor for industrial development is bane for India.
Note: However international crude oil technical's(denominated in USD) might be slightly different because the depreciation of Indian rupee is not factored in the below chart(Price denomination in INR).
Regards
Rajmohan |
I am not sure whether you have got it wrong or you have put it wrongly or I misunderstood you. If oil falls and remains low, it is good for India in all respects.
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rajmohanmbamhr
White Belt
Joined: 13 Oct 2011
Posts: 444
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| Post: #210 Posted: Sun Jun 09, 2013 7:40 pm Post subject: Re:Not good for the country as long as its trades above 5550 |
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| vinay28 wrote: | | rajmohanmbamhr wrote: | | vinay28 wrote: | | rajmohanmbamhr wrote: | | Not good for the country as long as its moving above and trades above 5550 |
You mean it's bad for country if oil falls? |
Hi Vinay,
If crude trades above 5550 the possibility is higher that it will reach all time high soon.Then higher import bills and widening of current deficit will leads to lower spending for country welfare,infra development and increasing inflation. India's GDP contribution to worlds GDP in 1750 was 25% and now its less than 3% Its all due to the lack of Natural resource importantly Crude. Obviously Crude Oil as a important factor for industrial development is bane for India.
Note: However international crude oil technical's(denominated in USD) might be slightly different because the depreciation of Indian rupee is not factored in the below chart(Price denomination in INR).
Regards
Rajmohan |
I am not sure whether you have got it wrong or you have put it wrongly or I misunderstood you. If oil falls and remains low, it is good for India in all respects. |
Hi Vinay,
"If oil falls and remains low, it is good for India in all respects" Its true and noboday can deny it.
The thing is here you are telling about lowering of price and i am telling about rising price so the confusion.
"If oil falls and remains low, it is good for India in all respects" and Vice versa
Hope no more confusion.
Thanks & Regards
Rajmohan
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