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Technical Analysis - Stock Pick

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  #1  
Old 30th May 2005, 10:35 AM
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Default Technical Analysis - Stock Pick

Technical Analysis - Stock Pick

See attached chart.

Please post your fundamental or technical comments, views, etc. All are welcome!
Attached Images
File Type: gif BOI.gif (13.4 KB, 177 views)
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  #2  
Old 30th May 2005, 01:09 PM
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Default Re: Technical Analysis - Stock Pick

Nice consolidation with a breakout on Friday....sweet buy over the high of Friday.But if the Friday bar b/out fails and the low is taken out,may be an equally nice short.Always sweet to short a failed breakout.A wait and watch for now.
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  #3  
Old 30th May 2005, 03:48 PM
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Cool Re: Technical Analysis - Stock Pick

Looking more bearish now after market close.....that whole breakout bar on Friday has been nullified today.Was looking juicy after Friday ....don't think so anymore!!
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  #4  
Old 31st May 2005, 07:54 AM
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Default Re: Technical Analysis - Stock Pick

Yes it has retraced the entire move of Friday. Will wait and watch to see what happens today.
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  #5  
Old 1st June 2005, 02:00 PM
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Default Re: Technical Analysis - Stock Pick

BOI looks to me a overbought share. No clear cut trend line visible at present. On candlestic a Bullish formation is visible on 1/06/05. Would like to wait till more clear pattern is visible.

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  #6  
Old 2nd June 2005, 11:49 AM
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Default Re: Technical Analysis - Stock Pick

BOI has ultimately posted a Bearish Dark Cloud cover on 1/06/05. Should have to wait till we go long on this share.
jnaik22
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  #7  
Old 2nd June 2005, 12:01 PM
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Default Re: Technical Analysis - Stock Pick

Dear jnaik22

could you tell me the right way of buing shares in quantity. Can I buy in numbers like 20 , 50, 100 or 500 ... in the shares where the price is steadily increasing.

ganapathy
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  #8  
Old 2nd June 2005, 04:33 PM
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Default Re: Technical Analysis - Stock Pick

Quote:
Originally Posted by ganapathy
Dear jnaik22

could you tell me the right way of buing shares in quantity. Can I buy in numbers like 20 , 50, 100 or 500 ... in the shares where the price is steadily increasing.

ganapathy
I normally follow the rule of 1/3. Whatever you want to buy depending on your sector wise exposure and total investible amount,if say I decide to buy 300 shares of IDBI. I will first buy 100. If the market is going up as per my trend anticipation, i buy again 100. if the market starts moving against trend ,I stop. and put stop loss. If it again goes up I again purchase rest of 100.

Experience traders advice me that if you are long,then each new trade should be on a higher side. If u are short each new trade should be on a lower side.Please do not and I repeat do not fall in the trap of averaging out. Unless you have a 2 -3 years long term view.

jnaik22
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  #9  
Old 6th June 2005, 08:43 PM
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Default Re: Technical Analysis - Stock Pick

Good Call, Traderji!

Bank of India breaks out on a huge increase in volumes!

Looks like a good time to BUY now!!
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  #10  
Old 7th June 2005, 09:45 AM
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Default Re: Technical Analysis - Stock Pick

A darn good call. IOB also looks good to BUY. Target 90.00
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