I have some 200 shares of Ceat Tyres. I understand that they have issued right shares. I have these shares in ICICI Direct.com demat account. Is there any way I can subscribe to the rights on line?
Yes,Fantastic observation. Even BSE chart shows a similar formations. I think we are in for an uptrend ,but let us all be very careful and go for select buy based on individual chart.I suggest a careful look at MACD before a buy decision is made.
I have been also using ICICI Direct.com and the lesser said the better. These are just useless bunch of newly recruits with no experience and care for customers. The sooner we move to other site it is better.
Yes,the chart pattern if bullish in the short term. Keep a strict stop loss around 88.
Good Pick .
I also noticed an interesting pattern being developed on Ispat Industries. The stock looks poised for an up turn. Any comments?
Yes,the BOI has gained on the wave of all banking stocks going up.But I feel the stock is not as strong as it should be.If we look at the charts,the Stocastic and williams R% gives a bearish signal.One should book profits by selling a part.
I was reviewing the charts and except MACD and ADX all indicators look bullish,these two indicators only are bearish suggesting some weakness in the stock. Overall indicators are bullish. One can look at an immediate target of 83 with a stop loss of 73.
I normally follow the rule of 1/3. Whatever you want to buy depending on your sector wise exposure and total investible amount,if say I decide to buy 300 shares of IDBI. I will first buy 100. If the market is going up as per my trend anticipation, i buy again 100. if the market starts moving...
Please remember the Golden Rule of Trading. Buy on Rumour and sell on news. Since the Bonus news is just out. Do not rush to buy. Wait till all smart investors sell and bring the price down Then buy.