General Trading Chat

[timepass]

Relcap trying to be brave today.

 

[siddhant4u]

JSPL is actually looking strong at this point. Any views ?


View attachment 33167

it's in channel , so time to go up

 

[timepass]

it's in channel , so time to go up

View attachment 33170

Maybe, but it has had false hammers before. The trend is badly down, so the upside doesn't seem reliable.

 

[siddhant4u]

i mean to say, it will head up towards 140ish before going back down to 120ish

Edit: hourly chart has another inside channel for short term. pardon my drawing skills, i'm still learning.

 

[RadhuK]

it's in channel , so time to go up

View attachment 33170

VERY JUICY WOLF WAVE... TARGET ~190

 

[RadhuK]

 

[timepass]

VERY JUICY WOLF WAVE... TARGET ~190

on which time frame ??

Edit :
Sorry, didn't see your chart earlier. But the lines do not appear to be converging in near future. The pattern could change in the meanwhile. Also, don't know if it is supported by volume spurt at 1 and 3

 

[timepass]

Infibeam : look at the discount !!

 

[siddhant4u]

Looks like this was the reason 'domestic lenders' were not willing to take RCOM to NCLT last year... sab managed hai..

http://fortune.com/2019/02/04/a-billionaires-wireless-bankruptcy-may-aid-his-richer-brother/

...
Now, the elder Ambani could have even more leverage in bidding for the assets of a company whose demise he helped hasten by storming into the mobile phone market in 2016 with free services. Mukesh Ambani can only vie for RCom’s wireless carrier assets because of a top court in January relaxed rules that had prevented family members of controlling shareholders from bidding for companies going through insolvency
...
While several lenders such as China Development Bank, Ericsson’s local unit and even the telecom firm’s PR agency had at some point sought to invoke insolvency proceedings against RCom, its local lenders didn’t agree.
...

 

[vikas2131]

@Sanjay chanda
I dont think NIFTY is heading for 10k in short term,
on the contrary, I am afraid, it may not move for 11200/400 in Feb

By the end of this month we will be there.