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Hindalco moving down-Buying Target please.

Discuss Hindalco moving down-Buying Target please. at the Equities within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Had to come down, since it had a bearish engulf on the 28-Jul-2006 at 165. ...


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  #1  
Old 1st August 2006, 06:09 PM
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Default Hindalco moving down-Buying Target please.

Had to come down, since it had a bearish engulf on the 28-Jul-2006 at 165.

I am planning to buy at 151 (or below first) and then near 141.

Can anyone suggest a more researched view please.


Please refer to the charts...

Manoj
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File Type: jpg Hindalco.JPG (72.4 KB, 46 views)
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  #2  
Old 1st August 2006, 06:45 PM
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Default Re: Hindalco moving down-Buying Target please.

since you are a buyer at 140 and 150 you can sell put option of either strike and benefit till you wait for price to drop to your target

sanjay
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Old 1st August 2006, 09:52 PM
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Default Re: Hindalco moving down-Buying Target please.

Quote:
Originally Posted by ping_manoj
Had to come down, since it had a bearish engulf on the 28-Jul-2006 at 165.

I am planning to buy at 151 (or below first) and then near 141.

Can anyone suggest a more researched view please.


Please refer to the charts...

Manoj
What about the 3 black crows after that ... listen to what they tell you!
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  #4  
Old 2nd August 2006, 07:32 AM
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Default Re: Hindalco moving down-Buying Target please.

Quote:
Originally Posted by kuldeep49
What about the 3 black crows after that ... listen to what they tell you!

Hi kuldeep,

Can you please elaborate on the black crows...

Thanks in Advance

MANOJ
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  #5  
Old 2nd August 2006, 08:24 AM
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Default Re: Hindalco moving down-Buying Target please.

Hindalco:

Fabonacci Extensions shows as under:

0.382 at Rs.142.13

0.500 at Rs.128.76

0.618 at Rs.115.40

Buy 1/3 at Rs.128.76 and remaning at Rs.115.40.

Wastej
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Old 2nd August 2006, 09:52 PM
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Default Re: Hindalco moving down-Buying Target please.

Quote:
Originally Posted by ping_manoj
Hi kuldeep,

Can you please elaborate on the black crows...

Thanks in Advance

MANOJ
Fabonacci has spoken. Here is what 3 black crows imply.

The identifying conditions are:

1. Three consecutive black days with lower closes each day.

2. Each day opens within the body of the previous day.

This pattern signals a trend reversal.

Have attached a picture.
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File Type: gif three_black_crows.gif (453 Bytes, 44 views)
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  #7  
Old 3rd August 2006, 03:42 AM
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Default Re: Hindalco moving down-Buying Target please.

Quote:
Originally Posted by kuldeep49
Fabonacci has spoken. Here is what 3 black crows imply.

The identifying conditions are:

1. Three consecutive black days with lower closes each day.

2. Each day opens within the body of the previous day.

This pattern signals a trend reversal.

Have attached a picture.

Will it go up tommorow, after 3 black crows ?

Thanks
Munit
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  #8  
Old 6th August 2006, 06:35 AM
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Arrow Re: Hindalco moving down-Buying Target please.

Quote:
Originally Posted by ping_manoj
Hi kuldeep,

Can you please elaborate on the black crows...

Thanks in Advance

MANOJ
Hi! Manoj,

Following is a link that may help you:
http://stockcharts.com/education/ChartAnalysis/candlesticks.html

Please go to the bottom of the page. The last diagram explains about 3 black crows.

A couple of queries ...
1) What is the "technical analysis" software that you use. I just love the charts that you have posted.

2) Can you please PM me the link for the website website that filters out patterns.

3) Your "Speed Of Trend"(SOT) indicator seems interesting. Is it possible to please share some more information on the same.

Once the stocks have been filtered by the website, how do you feed in the data in the "Speed Of Trend"(SOT) indicator. Any information that you can provide would be helpful.

Can we use it too / Can you share the same with us.

Thanks & regards,
Amit
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