Can anyone give me TA views on educomp . I entered the stock at 547 yesterday at someones recommendation that it'll touch 600 . Please give me fair opinions .
Harsh
It has already gained 30% in the last week. Also, 600 is above the bollinger band. It will be hard for the stock to keep up the momentum. It might pull back and
probably move above. If it does, it will be 600 and beyond.
RUCHI INFRASTRUCTURE
--Low priced stock with low volume. Easy to manipulate. 25 is the resistance.
FCS SOFTWARE
--Looking at the stock from Oct 05, it is not impressive. Almost 80% of the time, it was below 50 day ema, with out a trend. It had a failed attempt to trend in May. Volume right now is considerably lower than that in May.
IOC
-- According to my methodolgy, the entry was on Friday. However, Friday's close is not far from where I would have liked to enter. So, go ahead and enter with adjustment to position size and stop loss.
For Monday:
GESCOCORP - Mahindra Gesco Developers
ATR(14) = 60
CMP = 721
Entry = 770
Stop = 600 (between 2*ATR & 3*ATR and below low of 8/14/2006 as this was the start of the new uptrend)
Profit = Trail Stop
Position Size = Please use Excel calculator.
If you are not using or entering trades in the position size excel, you are not serious as a trader. One of the hard and boring part of trading is book keeping. But, if you don't, how do you analyze your profits and loses. Can you do business without book keeping?