Helios & Matheson - stock buy
- Thread starter ShoebNishu
- Start date
Hi,
I am a novice and learning TA concepts now.. looked at the chart for learning purpose.
1. BB squeeze, so big move is expected..
2. Stoch shows an upward journey again.. so direction I think,move might be upward direction..
3. MACD shows no clear direction.. though looking to move upward..
Seniors, please correct if i am wrong..
I am a novice and learning TA concepts now.. looked at the chart for learning purpose.
1. BB squeeze, so big move is expected..
2. Stoch shows an upward journey again.. so direction I think,move might be upward direction..
3. MACD shows no clear direction.. though looking to move upward..
Seniors, please correct if i am wrong..
Hi ShoebNishu,
From what it appears to me, the stock is under accumulation and seems good for long term, but this is not the most favourable entry price. It can still come down to 31 before finally rocketing upwards.
Hi Je_shan,
Chances are high that it will go down upto its strong support of 31 before finally shooting upwards.
If you observe the volume in the last two sessions, its abnormally huge. Such abnormally huge are often found near reversal points. Just observe the volume near the previous reversal points in the above chart.
About the BB squeeze and big move you are thinking, since the price has already pierced the upper BB, chances are that the big move will be in the downward direction, and not upwards.
Also if you observe the last candle(closing of 17 Aug 2009), the prices touches the previous high and comes down to close near today's low. This is indicative of selling, i.e. the supply still exists at that price and it is acting as resistance to upward movement.
Now the question: Who is correct - my analysis or yours? Only the markets will answer this. It can do anything irrespective of what is seen on the chart! Charts can only help you predict probability of the direction of the movement.
BTW, a word of advice: This is a very thinly traded scrip, the volume on BSE is only 88K even on such a spike and on other days its only 5-10K. Such a low volume scrip is very vulnerable to price manipulation by a single operator activity. So it is advised that you do not invest/trade in this scrip, but rather choose a very active scrip such as IFCI, UNITECH, SUZLON, DLF, HDIL, etc. because there are difficult to manipulated single-handedly by any operator.
From what it appears to me, the stock is under accumulation and seems good for long term, but this is not the most favourable entry price. It can still come down to 31 before finally rocketing upwards.
Hi Je_shan,
Chances are high that it will go down upto its strong support of 31 before finally shooting upwards.
If you observe the volume in the last two sessions, its abnormally huge. Such abnormally huge are often found near reversal points. Just observe the volume near the previous reversal points in the above chart.
About the BB squeeze and big move you are thinking, since the price has already pierced the upper BB, chances are that the big move will be in the downward direction, and not upwards.
Also if you observe the last candle(closing of 17 Aug 2009), the prices touches the previous high and comes down to close near today's low. This is indicative of selling, i.e. the supply still exists at that price and it is acting as resistance to upward movement.
Now the question: Who is correct - my analysis or yours? Only the markets will answer this. It can do anything irrespective of what is seen on the chart! Charts can only help you predict probability of the direction of the movement.
BTW, a word of advice: This is a very thinly traded scrip, the volume on BSE is only 88K even on such a spike and on other days its only 5-10K. Such a low volume scrip is very vulnerable to price manipulation by a single operator activity. So it is advised that you do not invest/trade in this scrip, but rather choose a very active scrip such as IFCI, UNITECH, SUZLON, DLF, HDIL, etc. because there are difficult to manipulated single-handedly by any operator.
Hi Je_shan,
Chances are high that it will go down upto its strong support of 31 before finally shooting upwards.
If you observe the volume in the last two sessions, its abnormally huge. Such abnormally huge are often found near reversal points. Just observe the volume near the previous reversal points in the above chart.
About the BB squeeze and big move you are thinking, since the price has already pierced the upper BB, chances are that the big move will be in the downward direction, and not upwards.
Also if you observe the last candle(closing of 17 Aug 2009), the prices touches the previous high and comes down to close near today's low. This is indicative of selling, i.e. the supply still exists at that price and it is acting as resistance to upward movement.
Now the question: Who is correct - my analysis or yours? Only the markets will answer this. It can do anything irrespective of what is seen on the chart! Charts can only help you predict probability of the direction of the movement.
BTW, a word of advice: This is a very thinly traded scrip, the volume on BSE is only 88K even on such a spike and on other days its only 5-10K. Such a low volume scrip is very vulnerable to price manipulation by a single operator activity. So it is advised that you do not invest/trade in this scrip, but rather choose a very active scrip such as IFCI, UNITECH, SUZLON, DLF, HDIL, etc. because there are difficult to manipulated single-handedly by any operator.
Chances are high that it will go down upto its strong support of 31 before finally shooting upwards.
If you observe the volume in the last two sessions, its abnormally huge. Such abnormally huge are often found near reversal points. Just observe the volume near the previous reversal points in the above chart.
About the BB squeeze and big move you are thinking, since the price has already pierced the upper BB, chances are that the big move will be in the downward direction, and not upwards.
Also if you observe the last candle(closing of 17 Aug 2009), the prices touches the previous high and comes down to close near today's low. This is indicative of selling, i.e. the supply still exists at that price and it is acting as resistance to upward movement.
Now the question: Who is correct - my analysis or yours? Only the markets will answer this. It can do anything irrespective of what is seen on the chart! Charts can only help you predict probability of the direction of the movement.
BTW, a word of advice: This is a very thinly traded scrip, the volume on BSE is only 88K even on such a spike and on other days its only 5-10K. Such a low volume scrip is very vulnerable to price manipulation by a single operator activity. So it is advised that you do not invest/trade in this scrip, but rather choose a very active scrip such as IFCI, UNITECH, SUZLON, DLF, HDIL, etc. because there are difficult to manipulated single-handedly by any operator.
Cranes Software international - stock buy
Hi ALL,
I am currently tracking Cranes software international.
I like the space it is into and beeing from IT industry i feel products space is a good space to be in.
Currently the stock is at 38 which is very close to its 52 weeks low (32).
Do u feel it is the right time to get into this counter....
Please provide me with ur views at the earliest....
Hi ALL,
I am currently tracking Cranes software international.
I like the space it is into and beeing from IT industry i feel products space is a good space to be in.
Currently the stock is at 38 which is very close to its 52 weeks low (32).
Do u feel it is the right time to get into this counter....
Please provide me with ur views at the earliest....
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