|
|
| Discuss Century Textiles-Buy or Sell(Weekly/Daily clash) at the Stocks & Shares within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Century textiles has been indicated as a buy at Rs147 in one of the reputed ... |
|
|||||||
| Notices |
| Stocks & Shares Discuss technical & fundamental views, trading and investing strategies on individual stocks. |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#1
22nd October 2004, 06:02 PM
|
|||
|
|||
Century Textiles-Buy or Sell(Weekly/Daily clash)
Century textiles has been indicated as a buy at Rs147 in one of the reputed fortnightlies.
I tried to look at the weekly and daily chart. While the daily chart seems to be forming a double top, the weekly chart seems to be forming a double bottom. The weekly trend is clearly up which implies that one buys at daily declines. Going by theory, one has to take only the oscillaor signals in the direction of weekly trend. However here the daily RSI,ROC,MACD are all declining. Stochastics is also only approaching the oversold zone which is far from a clear buy signal. What does one do Traderji? Oscillators apart, if supposing there is a weekly rise and a daily fall at approximately the same rate. Should one allow the rates to fall further or can one buy as in this case. Your expert comments will be most welcome as always. Please specify pricel levels to enable better understanding. 
|
|
| Bookmarks |
| Thread Tools | |
|
|
Similar Threads for: Century Textiles-Buy or Sell(Weekly/Daily clash)
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| When to Buy? When to Sell? | nkpanjiyar | Equities | 4 | 5th January 2008 05:35 AM |
| Century Textiles | Narasimha | Equities | 5 | 15th September 2004 10:22 AM |
Indemnity, Disclaimer & Disclosure
Notice:
• By visiting Traderji.com you indicate your acceptance of our Forum
Rules Disclaimer & Disclosure and indemnify Traderji.com, its
associates and related parties of all claims howsoever resulting from
the usage of the forum.
• 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. Traderji.com will not be liable for
any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information.
• 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.
