Tuesday, April 27, 2010
Sunday, April 25, 2010
Thursday, April 22, 2010
Wednesday, April 21, 2010
Tuesday, April 20, 2010
Monday, April 19, 2010
Saturday, April 17, 2010
Getting back to what we do here...analyze! From the chart below we can see that this stock is at consolidation mode from the last three months. Incidentally these levels are also the 61.8% fib if drawn from the 2009 Feb lows to 2009 June Highs! Yes there was a positive divergence in the indicators below which seem to have worked their way with this recent upmove yesterday (Tanla Solutions surged 5.42% to Rs 48.65 at 10:35 IST on BSE after 3.18% of equity changed hands in a bulk deal on the BSE).
The stock seemed to have closed just shy of the 50 periods MA. Unfortunately with the broader market overbought and ripe for correction this can also come under some pressure. If one is already a buyer then a strict stop under 45 is warranted. If one plans to go long then a buying above 50 is good idea or wait for it to get pulled back (coz of weakness in market) to 45 odd levels and hold steady for the overhead target of 58/60 where the falling 200 periods along with the TL might pose a lil resistance!
Wednesday, April 14, 2010
- A broader range shaded in yellow
- A recent laborious rise in drawn in purple channel
- An assumption of a Wolfe Wave (at least I assume it might pan out that way).
Monday, April 12, 2010
Saturday, April 3, 2010
I have taken tooooo long a break from blogging and trading, as I was caught up in a lot of mess which just comes unannounced. Hmmm I guess these are those hidden mysteries that life has in store for you and it springs on you from time to time to make you know that how mortal and fragile you are!
Hopefully will be back with regular updates on the blog from now onwards. I am grateful to have a couple of friends who wrote in inquiring about my well being etc… well as the saying goes “All’s Well That End’s Well”. Yes I am doin fine and thank’s a ton for your concerns!