|
|
| Discuss Some Good Steals... at the Swing Trading Stocks within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi Amit, Your view on Fedder Llyod pls. 500139. I had invested in it at ... |
|
|||||||
| Notices |
 |
|
|
Thread Tools |
| Sponsored Links |
|
#3581
8th May 2006, 11:57 PM
|
|||
|
|||
Re: Some Good Steals...
Hi Amit,
Your view on Fedder Llyod pls. 500139. I had invested in it at 167 levels. It is on circuit since then. but the circuit is like a dragon fly. Which according to candle stick is also a reversal signal if there is a confirmation next day. But the shadow of the dragon fly is becoming slow day by day. which would means the sellers are loosing. But the volume is also decreasing. What would this mean. Pls explain. Also IPCL. please if you could explain this also considering RSI. I was seeing RSI. On 24/04/06 the closing price was same as the closing price of 08/05/06. but RSI is lower on 08/05/06. Would this mean a divergence. I am not able to analyse this. please help. Regards Rahul 
|
| Sponsored Links |
|
#3582
9th May 2006, 01:35 AM
|
|||
|
|||
|
Re: Some Good Steals...
Quote:
A Falling Wedge in a down trend indicates a bullish reversal. It's also the part of the triangle family. The falling wedge forms when the rate of decline of the highs is greater than the rate of decline for the lows. So we have a sharply dipping upper line and a flattening lower line. Despite the pressure from the upper line, the lower line shows much strength in not dipping out of shape. The wide gap on the left side between the two lines narrows into a cone and then the breakout. Rising or falling wedge were recently discussed here: Have a look there and the charts and see what has been happening since that post. Further on to Mercator, now zoom out a bit to get a longer term view. Is there something that resembles a Head and Shoulder? Have a close look and make comments? What are the critical levels that would get into play if this pans out as a H&S. How would it be negated? This is not to say it'll happen, but this can be an exercise to go looking at different patterns. Good going Chachi...great to see the progress. Cheers.
|
|
#3583
9th May 2006, 01:44 AM
|
|||
|
|||
|
Re: Some Good Steals...
Quote:
Thanks for the reply at least u have given the reply. I got a little. Thanks wrgrds Ahmed
|
|
#3584
9th May 2006, 02:16 AM
|
|||
|
|||
|
Re: Some Good Steals...
Quote:
I am too exited.... I could see the H&S pattern in the making.... The second shoulder is in the making probably.... critical resistance levels should be 58, 62. support are at 43, 41. Further downside at 34. How would it be negated?... I dont know. (I am sorry if I am not meeting your expectation here) Please continue to teach me on this.. Regards chachi
|
|
#3585
9th May 2006, 11:26 AM
|
|||
|
|||
|
Re: Some Good Steals...
Quote:
So here we are talking of probabilities to understand patterns, but Mercator can go anywhere. Should a right shoulder formation be under progress, it cannot go well above the left shoulder, or for that matter stay well below it. The left shoulder level is around 56-57. You've written 62 above, which is the top of the 'head'. A move to this level would render Mercator quite bullish, where a H&S is a bearish pattern. So a move there will certainly negate a H&S. So a critical level to watch is 55-57, the left shoulder. The other critical level is the 'neckline' area. The levels here are 40-42. It's only at a break below this area that H&S would be confirmed. To put it together, going ahead now, price would meet resistance at 55-57 area on diminished volume and falls back on increasing volume, where the volume would remain high breaking below the neckline at 40-42. To recap today's action on Mercator after yesterday close at 54.55, it has tested high at 57 after a gap up opening at 56. It traded on small volume till 51-52 held, then the volume spurted (arrows) as price tested 43.65 on the 3 minute chart. Price is back at 51 levels now. Keep a track and all the best.
|
|
#3586
9th May 2006, 11:44 AM
|
|||
|
|||
|
Re: Some Good Steals...
Hi Amit,
It has been a nice lesson so far. Thanks a lot. Would like to have your views on FIRSTLEASING. For me this also appears to form a H&S, although with a long narrow neck. Right shoulder formation should be at around 60. and Neckline is .... here I am bit confused as the neckline at right and left shoulder differs. Regards chachi
|
|
#3587
9th May 2006, 12:16 PM
|
|||
|
|||
|
Re: Some Good Steals...
Quote:
Will come back to First Leasing in a day or two.
|
|
#3589
9th May 2006, 03:04 PM
|
|||
|
|||
|
Re: Some Good Steals...
Quote:
Yes, but let the Dragonflies fly as they're just a kind of bar that tell us nothing here. But notice the gap-ups. The price is closing at day's high all these days. If you calculated the difference between one day's close and the next day's, the difference is 5%. Meaning this counter has been hitting the upper circuit all these days. Quite easy isn't it. That's just the way upper circuits look on candlesticks. Enjoy the ride. As to the RSI issue on IPCL, do go back and check on what it is that RSI is built upon and what it tells us. Do this as an exercise and the answer should come as easy as the Dragonflies.  Will certainly give feedback.
|
|
#3590
9th May 2006, 06:14 PM
|
|||
|
|||
|
Re: Some Good Steals...
Quote:
cheers, nkpanjiyar
|
| Sponsored Links |
|
|
|
| Bookmarks |
| Thread Tools | |
|
|
Similar Threads for: Some Good Steals...
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| Good Technical Analysis Sites For Beginners | sh50 | Technical Analysis | 31 | 12th February 2008 05:44 PM |
| Good Stocks To Inevst For In Medium Term | ManishKSharma | Stocks & Shares | 2 | 3rd March 2005 10:47 PM |
| Good Investment | mbafna | Equities | 4 | 17th January 2005 01:42 PM |
| good medium term picks | rxalva | Equities | 7 | 26th March 2004 07:33 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.
