iCharts Discussions

[anand1234]

hi........as4manju...........
siemens above @785........woooooooooo @799..........gr8 call boss..........

thanks
anand

[as4manju]

Lets see ll mkt support it to reach the full targets or not

[as4manju]

The stock has major support at 345 had mentioned it earlier as well break and close below this can stake the stock to 340-330-320 levels

[as4manju]

The stock has been in text book perfection uptrend of higher tops and higher bottoms looks like its ready for some meaning full correction...

Break and close below 1560 for few sessions can take the stock to 1430 levels do we see it happening only time ll tell

Upside resistance at 1635 for upmove to continue benifiting from the hero honda divorce saga

[as4manju]

On short term charts flag formation so above 355 or below 342 can see a move of 15 rs...

[as4manju]

Yesterday was out of mkt so couldn update anything...

SBI - Stock has been in sell mode for quite some time and the question is where does it stop i guess 2550 it should take a breather so still another 100 rs downside left in the stock..

Orchid - the stock has broken a channel with a height of 80 points so theoritcally consitent close below 240 can take the to 185-165 (240-80=160) lets see only time ll tell but i guess 185-190 zone should hold and dont see a further fall from that level..

On NIFTY had already indicated two days back that volatile seesions ahead and should be carefull on the trades previous low of 5700 is important nowbreak below which means we are heading for 5550 levels

[as4manju]

Bharti had posted on 08-12-2010 that a flag pattern tgt of 15 below 342 or above 355 stock has made a low of 325 today all tgts reached call closed

Bajaj auto mentioned that below 1560 can see agood correction in the stock and its almost dow a 100 bucks may be some more steam left on the down side..

[as4manju]

Its just a theoretical discussion on where the fall might end on the index based on concept of core trading which I ve been back testing for some time.
The theory says
1.Battles of bulls and bears are fought in 3-4-5 trading sessions on weekly charts before surrendering to the opposite camp and very rarely it goes beyond 5 sessions.
2.It uses the concept of 40 and 20 period moving avgs to find support and resistance and also to spot the change in long term trends

Going by the theory first we had 3 bearish candles followed by a bullish candle last week and looks like this week we are going with a bearish candle would suggest that next two weeks we might see a bearish candles and this patterns is also spotted in the index for some time
Going by the moving avg concept Nifty has not closed below the 40 period moving avg since May 2009 when we had the cross over of moving avgs and break out in index.. it has tested 40 period moving avgs two of times.

So this suggests that we can test this level sooner or later which is around 5550.This also the level where we have few multiple tops on the index. Only close below 5550 would mean a trend change and worry for bulls else it’s just a correction and we are heading back to make new highs

[as4manju]

The stock will show the realy power only abve 1330 can take long above these levels with a stop of 1310 tgt 1350-1370 at the same time break below 1270 means tata power off and can take the stock to 1230-1190..

[as4manju]

Going by basic of TA " higher top higher bottom = uptrend" and "Lower top lower bottom = down trend" most of the index heavy weight stocks including the index(nifty and bank nifty) itself are having lower top and lower bottom formation on the short term charts so still the veiw on the mkt remains the same that trend is down and its just a temp pull back for the next fall... so a break on the index below its recent low means the joureny to 5550 has began.. where as break above 6070 would mean worst is over for time being and we are heading towards the top end of the range of 6350...
The only strong sector in the mkt as of now is the IT index as its having higher tops and higher bottoms formation on short term and medium term charts also

[SID2060]

please provide ur views on ksoils for both short to medium term

[as4manju]

Ks oil i guess 50 is a very important hurdel to cross for abv which resistance at 53-56 only consistent close above 50 mean that trend has changed and dips to 43-45 levels can be used to enter the stock.. failure to cross 50 mean we are going back down

[SID2060]

FMCG firm KS Oils gained 16.57% or Rs 6.85 to end at Rs 48.20. It touched an intraday high of Rs 49.80 and an intraday low of Rs 41.10. There were pending buy orders of 40,855 shares, with no sellers available. The total traded volumes were of 19,255,900 shares on the BSE. The stock added 40.73% in last five days.

The stock had underperformed the market over the past one month till 9 December 2010, tumbling 50.49% compared with the Sensex's 8.07% fall. It also underperformed the market in past one quarter, falling 40.22% as against 2.35% rise in the Sensex.

On December 13, 2010 Goldman Sachs Investments Mauritius bought 2,702,063 shares at Rs 39.68 on the NSE and Siva Trade Consultancy Private bought 3,000,000 shares at Rs 40.46.

However, On December 09, 2010 Karvy Financial Services sold 2,500,000 shares at Rs 30.24 on the NSE, while Ratha Infrastructure Pvt bought 3,135,930 shares at Rs 29.72 on the NSE.

What's been buzzing?

The stock had tumbled 14.7% on Wednesday, 8 December 2010, after reports came in about the intelligence bureau (IB) report. The stock had lost 10.8% at Rs 30.55 on Thursday, 9 December 2010, off the day's low of Rs 28.55 after the company's denial of involvement in price manipulation.

MD & CEO of KS Oils, however, refuted the charges of the insider trading and stock manipulation allegations made on the company. “KS Oils do not have any kind of involvement in such type of thing. We understand from the mandatory disclosure made by Mr. Sivasankaran a few months back to us that a company belonging to him has purchased a certain block of our company's shares in a secondary market transaction from Citi Venture Capital who is a private equity investor in our company. The company in unaware of any under dealing,” he informed.

Not involved in any kind of insider trading Says KS Oils

He further said the company continues to pursue its business as usual and is focused on delivering the customer with superior products and maintaining its leadership position in the edible oil segment in India.

[as4manju]

Hmmm i dont track this stock very closely that much any ways as i told the 61% retracment of the entire fall comes to 50 rs so thats a important level and there is nothing wrong with the company fundamentally.. more over i dont track most of the stories or rather avoid related to any stocks as i feel TA can give u the news lot more in advance then its out in mkt...

Funny quote
Following fundamentals = First u loose ur funds then later u turn mental


[quote="SID2060"]FMCG firm KS Oils gained 16.57% or Rs 6.85 to end at Rs 48.20. It touched an intraday high of Rs 49.80 and an intraday low of Rs 41.10. There were pending buy orders of 40,855 shares, with no sellers available. The total traded volumes were of 19,255,900 shares on the BSE. The stock added 40.73% in last five days.

The stock had underperformed the market over the past one month till 9 December 2010, tumbling 50.49% compared with the Sensex's 8.07% fall. It also underperformed the market in past one quarter, falling 40.22% as against 2.35% rise in the Sensex.

On December 13, 2010 Goldman Sachs Investments Mauritius bought 2,702,063 shares at Rs 39.68 on the NSE and Siva Trade Consultancy Private bought 3,000,000 shares at Rs 40.46.

However, On December 09, 2010 Karvy Financial Services sold 2,500,000 shares at Rs 30.24 on the NSE, while Ratha Infrastructure Pvt bought 3,135,930 shares at Rs 29.72 on the NSE.

What's been buzzing?

The stock had tumbled 14.7% on Wednesday, 8 December 2010, after reports came in about the intelligence bureau (IB) report. The stock had lost 10.8% at Rs 30.55 on Thursday, 9 December 2010, off the day's low of Rs 28.55 after the company's denial of involvement in price manipulation.

MD & CEO of KS Oils, however, refuted the charges of the insider trading and stock manipulation allegations made on the company. “KS Oils do not have any kind of involvement in such type of thing. We understand from the mandatory disclosure made by Mr. Sivasankaran a few months back to us that a company belonging to him has purchased a certain block of our company's shares in a secondary market transaction from Citi Venture Capital who is a private equity investor in our company. The company in unaware of any under dealing,” he informed.

Not involved in any kind of insider trading Says KS Oils

He further said the company continues to pursue its business as usual and is focused on delivering the customer with superior products and maintaining its leadership position in the edible oil segment in India.[/b]

[as4manju]

Trading is the Game and Patience is the name

IT space - I ve been bulish on the sector for quite some, the index itself is making new high and the big guns TCS and Infy are leading it from the front and Hcl and patni backing it up .. i continue of my opinion that all declines can be used to enter these leaders.. infy had posted earlier also that above 3112 can do 3160-3200-3250 and stock is in the right direction.

TCS - the stock can ve a strong breakout abv 1115 and can do 1165-1210 in short term

TechM - looks like a late mover in the IT space levels to look for is 680-640 either ways it can do 750 or 550 in short to medium term


Siemens - 760 and 790 are the levels to watch for

PNB - stock can give good movement abve 1250 or below 1175 traders can keep a tab on the stock...

Tata power 1330 is the level to watch out for as posted yesterday..