iCharts Discussions

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

All i say is we are still not out of the woods and still lot of pain left in the system which needs to flushed out.. still we can re test the recnet low on the index so trail ur stop loss.. i m off for a long early weekend and out of mkt for next four days.. trade cautiously..

Regards

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Well i had a long week end off and i was back in late night so couldn find time to check anything... As i had mentioned that we are not out of woods and we ll re test the lows so we have done it now where do we go from here curently i feel 5550 is the level to watch out for going forward... one can expect lot of short sharp pull backs followed by sell off so would advice to keep the volumes as low as it could be.. my mantra from last few days was avoid trading if possible and it would continue for some time as " a penny saved is a penny earned"

Regards

Manju

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Well as i keep saying one of the most manuplative conters in indian stock mkt is entire

R pack thats the reason i avoid trading or investment in the counters on 10 jan 2011 mentioned that relinfra below 820 stock can re test the previous low... height of the channel is 80 rs thus tgt would be 820-80+740 rs now trading at 742...

2guns

Cheers all tgts are done...
attaching the previous charts for ref

Manju

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Sail - Even though i had asked to maintian a trailling SL which was hit with good profits.. but as a technical pattern tgt attaining tgt (based on HnS and channel pattern) i had said that 155 is a very remote chances.. well its come true now the stock is avialble at 156... well that happens very rarely

Regards
Manju

SAKLECHA · White Belt Joined: 26 Jan 2010 Posts: 333

HAI MANJU

WELCOME BACK....................WHAT A GREAT PREDICTION OF SAIL LEVELS..............HOPE TO LEARN FROM YOU STEP BY STEP...........

THANKS

NIRMAL SAKLECHA

capsi · White Belt Joined: 04 Dec 2010 Posts: 18

hi, manju

what's ur take on TCS? if it breaks 1120, is 998 possible ?

thanks.

Sanchit · White Belt Joined: 03 Jul 2010 Posts: 46

Hi Manju...
could u kindly review LT?

Regards
Sanchit newbie

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Hi,

LT is in a free fall mode and looks like the term support doesnt apply to the stock any more... now the stock is at a major support zone 1690 is the level to watch for cosistent trade below this level followed by a weekly close can make the stock continue its journey down south.. i am attaching the charts for ref.. currently its in stocks to avoid list untill unless ur a investor..

Regards
Manju

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Well yesterday was the result which was good so difficult to say how the stock ll react.. levels to watch for on the upside is 1180 and on the down side only below 1070 would mean the stock can retest 1010-990 as u mentioned.. but i feel most IT stocks would enter a consolidation phase..

Ref the charts

Regards
Manju

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Rel cap - i m posting the long term charts of the stock.. now

550 is very crucial for the stock below which next leg of down fall may come and may fall back to 500-450 levels.. and more over its another stock from the R pack ..

Relaince - the big boy will again set the tone for mkt for short term.. the level to watch for is

980 close below which can creat panic in stock with a cut 5-10%

Sterlite - close below

165 can wipe out 15-20 rs in short term

Siemens - 735 is the level to watch for below which the stock can tank by another 5-10%.. 680-670 could be the possible tgt

Regards

Manju

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Cairn - above 345-346 levels the stock can touch 355-360 levels

Bharti - above 353 the stock can do 360 and sustain above those levels can ve a major shift in the trend of the stock..

Regards

Manju

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Wipro - Its premature to say that the stock is forming a cup and handle pattern( its like predecting the gender of the baby before birth angel

) but all i m saying is a possibility... above 500 stock can give a very good breakout for medium term

Regards

Manju

ali522003 · White Belt Joined: 03 Jul 2010 Posts: 217

hi manju bhai, hope u remember me,
bhai accordings to your levels cairn is a but now.. i just wanna clear taht can i enter in it now or i should wait.. making entry on your levels which are generalyl closing basis are difficult for me.. please make it easy by teaching me. Smile

ali522003 · White Belt Joined: 03 Jul 2010 Posts: 217

manju bhai please respond as i m planning to enter in siemens and cairn

as4manju · White Belt Joined: 22 Mar 2007 Posts: 390

Hi ali sure i do remeber u.. well wait for the stock to cross to 346 levels then buy the stock.. ali its not difficult most of the time u can also enter the stock if the levels are broken intraday basis as wel but it should be a sustained move than a move for 5-10 mins and more over i dont give levels for intraday so keep a horizon of 3-5 trading sessions sure u ll make good money...

Regards
Manju