VSehwag has a resistance @29

copperdesk · #1 21st May 2006, 03:49 PM

Dear Friends,

Here is a buzzing stock listed on BCCI index name VSehwag (is) limited. It has developed a very strong resistance @29 in past few month is on a verge of a confirmed breakdown. 52 week high 70 and low is zero. Where RMA* is concerned it is 32.06. 20MRMA* is 29 and 10MRMA is 25.7. Here you can see very clearly that 20MRMA is cutting down 10MRMA. It is clearly showing a down trend. This type of needs a thorough candle "Stick Screening" from time to time.

My recomendation is sell this stock short, blindly. This was large cap stock but unfortunately it has developed into a penny stock in very short span of time. Technically this stock is looking very week at this momemt.

Warning: Before shorting this stock remember one thing that this stock has very

stong support at management level.

Glossary:

RMA = Run Making Average
MRMA= Match Run Making Average

PS: This is the last part of weekend special for this week.

Cheers.

CopperDesk

srisara · #2 21st May 2006, 06:12 PM

also, this stock is very good for intra day because of its volatility. you can make quick profits in the first few mintues itself and enjoy rest of the day.

satya

joy_mitali · #3 21st May 2006, 06:36 PM

HiCopperDesk,
Ha ha---Its a grt relief post---u have made---do make some more of it---
By the way---Read of ur health in some other thread---Seriously I pray for good health to the Almighty Nature----Well--A bit of advice---If u go for the Yogas of Ramdeoji--it may do a bit good for ur health---
I m sure with ur Science background(same as with me)---u will soon become a pro in TA---ad combine this with ur inherent nack of stk picking---U will soon become one of the very best in the industry---Waiting to see that day soon--
Regards,
joy_mitali

Regards

pkjha30 · #4 21st May 2006, 06:51 PM

Hi copper

You have an expert's eye in picking stocks. Also you have given brief summary and reasons for picking this stock. Only thing I would say for this stock is that it is prone to explosive bursts of movement. Those shorting may get burned badly. But there is no guarantee that longss will fare any better. The only thing which is guaranteed is that this stock enjoyssupport of management and as long as management profits it will crowl the place

My recommendation is to keep it at arms length.

Pankaj

murthymsr · #5 21st May 2006, 07:24 PM

hi copperdesk,

great to see you back in action.

intraday is not my cup of tea, at least as of now, so no comments on the selection. may be, you are going to post more such picks as time passes by.

i have one suggestion. you may post all such picks in one thread. this will help the visitors to assess your recommendations cumulatively and you build an image too in the forum.

all the best and go ahead.

murthymsr

jaideep · #6 21st May 2006, 08:31 PM

Quote:

Originally Posted by murthymsr

hi copperdesk,

great to see you back in action.

intraday is not my cup of tea, at least as of now, so no comments on the selection. may be, you are going to post more such picks as time passes by.

i have one suggestion. you may post all such picks in one thread. this will help the visitors to assess your recommendations cumulatively and you build an image too in the forum.

all the best and go ahead.

murthymsr

Murthygaru.......

Agilent · #7 21st May 2006, 09:46 PM

Good thread.

Here's my two bit worth, continuing on stock market terms:

What do u think VS's worst nightmare is : getting frozen on the down circuit on his suhaag raat ... haha

AGILENT

yara · #8 22nd May 2006, 12:38 AM

The day his poor technic exposed(after making 250 in pak.)he is a complete failure and one should not expect much out of him,his feet are not moving,he can't play short and rising balls,he cant hook.All in all a modified version(as far as short pitch balls and hook goes)Azhar and Gangu maharaj.Drop him for ever.
Only thing he is in the team may be due to high div.paying stock

.(to whom?)

murthymsr · #9 22nd May 2006, 06:00 AM

Quote:

Originally Posted by jaideep

Murthygaru .......

Thanks jaideep, may be just out of sleep

Czar · #10 22nd May 2006, 09:36 AM

lol...good one...I think its a kp stock...either he's already sold out at higher levels (to advertisers) or it wants to make people exit before pull back but right now it is posibly forming a H&S pattern

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