|
|
| Discuss Rei Agro at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hello All, I had bought REI AGRO @ 207 around 15 days back. Since then, ... |
|
|||||||
| Equities Discuss & analyse stock market news, views, trends and your favourite stocks here. |
 |
|
|
Thread Tools |
|
#1
25th November 2005, 11:29 AM
|
|||
|
|||
Rei Agro
Hello All, I had bought REI AGRO @ 207 around 15 days back. Since then, its been going down and is right now hovering around 185. The EOD candle stick chart indicates a trend reversal with 52-week high volumes for yesterday, 24th Nov. In view of the same, can I expect an uptrend in the days to come? I believe it will touch 222-225 in about 10-12 days. Is this analysis reasonably correct? Thaks in advance. -- Anuj. 
|
| Sponsored Links |
|
#3
25th November 2005, 05:26 PM
|
||||
|
||||
|
Re: Rei Agro
Anuj
Something amiss here. You said 52 week high volume on 24th Nov..... Please do check again. The volume was 1.73 lakhs....nowhere near the 52 week high. Also my analysis seems to differ from yours. The stock is currently bearish. The 3 day MA is below the the 13 and 13 day MA indicating the bearishness in the short term. The rising ADX line indicating strengthing bearishness. curently near the support level 180. Below 180 would be 170. So it will be good if it stays above 180. Touching 222-225 in about 10-12 days time seems quite unlikely. I am enclosing my chart (as of 24th, anyway price fell further..so analysis remains the same) for comparing notes... warm regards Karthik Last edited by karthikmarar; 20th May 2008 at 12:20 AM.
|
|
#4
25th November 2005, 05:33 PM
|
|||
|
|||
|
Re: Rei Agro
Karthik,
Thanks a ton for the analysis. Yes, I might have erred in data gathering. So what is the suggestion - wait for it to come up or book loss n exit? Also, it would be great if you would tell me how to get these charts. I have access to only intraday/EOD charts which are not sufficient for such analysis. Thanks again for the help.  Regards, -- Anuj.
|
|
#5
25th November 2005, 05:49 PM
|
||||
|
||||
|
Re: Rei Agro
Anuj
You are already down 10% while the normaly followed stoploss is 4% to 7%. Historically this one has bounced back sharply from bearish conditions. For example late september and middle of october you can see the good recovery .. observe in the chart. So hold it with a stoploss of 180. below 180 the next support is at 170. Let us hope it will recover fast like earlier times. We can check on this again after a few sessions. on charts , I am also using EOD charts only. I am using metastock for my analysis. regards Karthik
|
|
| Bookmarks |
| Thread Tools | |
|
|
Similar Threads for: Rei Agro
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| INCAP LTD. & BASANT AGRO | bommanaveni_cs | Equities | 4 | 1st July 2005 03:53 PM |
| Agro Dutch | royapa | Equities | 3 | 2nd September 2004 09:05 PM |
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you automatically indicate that you agree to our Forum Rules, Indemnity, Disclaimer & Disclosure Notice and General Content Disclaimer Notice and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum/site.
• Disclaimer: Trading or investing in stocks & commodities
is a high risk activity. Any action you choose to take in the markets
is totally your own responsibility. You are recommended to make appropriate enquiries and seek appropriate advise before sending money, incurring any expenses, acting on recommendations or entering into any commitment in relation to any advertisement published here. Traderji.com does not vouch for any claims made by the advertisers of products and services. Traderji.com will not be held liable for any consequences in the event such claims are not honoured by the advertisers. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of any information by anybody mentioned anywhere on this site.
• Disclosure: The information in this forum is neither an offer to sell nor solicitation to buy any of the securities mentioned herein.
The writers may or may not be trading in the securities mentioned.
• All names or products mentioned are trademarks or registered trademarks of their respective owners.
General Content Disclaimer Notice:
In light of our policy of encouraging candid, open exchanges of views and the rapid distribution of information originating from many sources, Traderji.com cannot determine the accuracy of information that may be uploaded to the forum. Opinions, advice and all other information expressed by participants in discussions are those of the author. You rely on such information at your own risk. You are urged to seek professional advice for specific, individual situations and not rely solely on advice or opinions given in the discussions. Since Traderji.com is an open and free discussion forum, any comments made by members of this forum in their posts reflect their own views and not of the owner or administrator of Traderji.com. Thus the owner/administrator indemnify themselves of all claims whatsoever and will not be liable or responsible for any members comments/views in this forum Traderji.com. If you find any objectionable or offensive posts made by members of this forum which you would like to bring to our notice for removal then please Contact Us.
