Fanatic's View !!!

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FanaticTrader

Well-Known Member
#1
Hey All,

I've been thinking to start this for a very long tyme but I was so stuck up with my work of late that I hardly got any chance to look whatz happening in this mad world. Any ways, today I am starting off with another thread to share new trading ideas as and when I come across them. These are purely based on my understadning of various Technical Indicators. I might be wrng at times in my interpretation but I really look forward to correct myself and learn from great souls in this fourm.:)

Pick of the day is BOMBAY DEYING.

http://docs.google.com/Doc?docid=0AaEja1iXsjx_ZGZzdnE5NnFfMmNjZmt3bWRi&hl=en

With +ve breakout supported by huge volume on Monday (12th Oct), and CCI now well above 100 there seems to be high probablility of price moving up in short/intermediate term.

Happy Trading !!!
 

FanaticTrader

Well-Known Member
#2
Lumax Auto, is surely looking good on charts. It has formed Ascending Continuation Triangle with very good volumes on Monday. Also if price manages to hold above Rs 47, it can shoot to Rs 52.

 

FanaticTrader

Well-Known Member
#3
Date : 15th Oct 2009

Scrip : ADLABS FILMS
CMP @ NSE = 362.05



There was a block deal of 48 lakh Adlabs Shares on BSE at Rs 356 on 14th October. Anil Ambani promoted Reliance Capital has hiked its stake in group firm Adlabs Films to over 11 per cent through additional purchase of share worth Rs 85 crore. RelCap, which is one of the Adlabs promoter group firms, now holds 11.22 per cent stake in the company.
(Source : www.moneycontrol.com)
 

FanaticTrader

Well-Known Member
#5
Date : 15th Oct 2009

Scrip : SUVEN LIFE SCIENCES
CMP @ NSE : 30.65



This scrip has formed Symmetrical Continuation Triangle along with Stochastic crossover.

The company has secured 2 US patents on New Chemical Entities (NCEs) for the treatment of disorders associated with Neurodegenerative diseases
(Source : CNBC-TV18)
 

FanaticTrader

Well-Known Member
#6
Date : 15/10/2009

Scrip : Aptech
CMP : 277.45



Price bounced from trend line with good volumes and STS crosses over from below (20%) and price moving above 21 DMA.
 

FanaticTrader

Well-Known Member
#7
Date : 15/10/2009

Scrip : IFCI
CMP : 55.95



Price moving close to 21 DMA,with rising volumes. IFCI was up nearly 4% with the addition of 39 lakh shares in open interest.
Source : www.moneycontrol.com
 

FanaticTrader

Well-Known Member
#9
Hey Murtaza,

Thanks a ton for encouragement. I wud def try and post bigger charts frm today onwards.
 

FanaticTrader

Well-Known Member
#10
Date - 16th Oct 2009
Scrip - Hindustan Zinc
CMP - 866.05



The lows are moving higher but the highs are maintaining a constant level. The price seems to have broke the out of the triangle formation to close above the upper trendline, thereby confirming the pattern. Also with rise in Comm prices across globe this seems to be a safe bet.
 
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