Whats up with EDUCOMP?

Whats up with EDUCOMP?
No news, no profit etc
why its rising like anything in the last 3 days?

New education policy on the anvil. so edu stocks buzzing. niit, aptech, educomp etc..
Even without any news educomp goes up and with some news it is bound to rally.

so it can be expected that on Monday it goes down?

I don't trade it personally, but just looked up the chart and I think it can go upto 4050 and then may be even 4130! (prev close: 3934). As always, trade at your own risk
:thumb:

Mind sharing what method you used to come to that conclusion
I am holding 50 shares of educomp for monday market opening

--Deleted post-- [It was meant for another thread, mistakenly posted here].

266?? are you talking about educomp?

Sure, my pleasure!

See the below chart:


If you want backtesting, see the below chart in which I have shown you how it could be used to predict today's intraday high level. Going by it, you arrive to a conclusion that today's intraday high should be near 3985, and its near 3992, just a difference of 7 rupees in almost 4000! Of all techniques, candlesticks, indicators, this is by far the most accurate method I know.


You can backtest it with your charts too!

Sorry, that was for RCOM. Mistakenly posted it as a reply to this thread.

Dear Bunny,

Educomp is my favourite script. But no knowledge of TA. Hence, started bying from 31 Aug 09 when the prices were in peak. But your daily chart opened my eyes that how imp its to refer past data before go for day or positional trading & thanks for the same. Plz note my TA is NIL but trying 2 learn from this infoarmative FORUM & posting of experts like U. I wish to learn little but my age (59+ ) is not on my side hence slow to comprehend. I dont know how 2 back test. Your chart is realy worth of course if we can read it. U have blue lined price of 7& 10 0f aug. on 10 aug price DN but vol is up. Reason can be people were off loading bcoz of continuous fall. 11th onwards price is up but vol is much less. Then how did u high light Hs of 7 & 10 aug with pink line. This is not clear. Will U mind 2 elaborate further for this NOVICE uncle ? I use PIB software. Thank U again & plz pardon me for silly ?......SM