Sensex is as said going towards the bounce region of 14570 .... Technically till we dont get back into the earlier channel ( i.e only above 14600-14700 ) the momentum will be subdued on the index ...and Gap ups are not what i like so just be stock specific .......... Just keep trailing stoplosses and strict stoplosses and stop seeing the index or nothing be mechanical rather ....
Of late u would see lot of technical jargon by many people talking about Elliot wave , Gann and other analysis etc etc and 5 -6 nifty levels on either side so they can never go wrong and u will never find them wrong also as the thing is too confusing ...
Technical Analysts or Fooling Scientists ???
But as always certain stocks are going vroooooom ..............Sterlite said yesterday on messenger at 560 hit 610 today cool 5-10% in BTST literally
Educomp our fav saying frm 350 is now 2000 rs + waah gain of 6 times... Investment rocks...
JUST GO in our Archives of last 3-5 mths and do CTRL- F and type EDUCOMP then NIIT , APTECH , ALPHA GEO etc see how many times we have repated them
Expo gas containers hit 20% freeze another weird small cap idea rocking...
Batliboi did well ....Vindhya tele should follow ....Bank of maharashtra good breakout soon 60 levels possible....
Stocks for now :
Matrix Labs and Tata Power look good for 2 weeks holding
First Source ( FSL ) is seeing good buying n punter interest watchout for it in coming weeks
Emkay , JRG , Apollo Sindhoori watchout for price n volumes increase good buying interest seen
Gammon and Bartronics look good as investments and will be slow n steady gainers ....can take small exposure
Patel Airtemp for intra circuit or couple of them .... Tanfac inds onlyif sustains above 42.3 otherwise avoid ...
Weird Small cap ideas ( the one below is not weird )
SQL Star
Well this small cap unknow IT training co looks a gr8 investment cum trading pick .......
The liking towards the sector has made me pull out yet another unkown virgin stock...
The sector is good ...Bennet & coleman holds 8% isnt that an indicator of good investment rationale...Buy n forget for 3 mths to 1 yr ....10-15% gain in extreme short term ... Long term looks exciting ...
General Thoughts :
Of late u would see lot of technical jargon by many people talking about Elliot wave , Gann and other analysis etc etc and 5 -6 nifty levels on either side so they can never go wrong and u will never find them wrong also as the thing is too confusing ...Its so simple take a pivot calculator or some software generate a report by filters and push it up ........
Later come up with a performance report where in profit is always booked at the highest price ...
example Call given Buy ABCL at 470 tgt 478 stoploss 462 ....then the stock hits a high of 474 in the day and closes at 465 ...
But how easy it can be manipulated 4 rs gain * 1000 shares .... also stoploss is 7 rs tgt is 8 rs ....and in the end u r in loss of 5* 1000 ....
And if u see the report increases by 9k 🙂 hahahah simple maths......
How the hell in such a case succes rate be less then 90% ( 10% presentation errors hahah )
If money making and analyzing markets was this simple then everybody would only be trading ;;;;;
Technical Analysts or Fooling Scientists or mathematicians ???................
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