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Dear Friend,
2011 is year to believe in yourself.
The magic is in your hearts and desires.
Believe in yourself to achieve next best thing is life.
2011 Greeting Card for all my favorite blog readers
(As always, you are important for me. You provide me courage to write, discuss and be part of the community. I thank you for being with me in 2010 and we will work together in 2011. I wish to bring best on the table for all of us in 2011)
Wish you Happy New Year 2011
Cheers
Anil
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Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Submit your feedback
Friday, December 31, 2010
Tuesday, December 21, 2010
Six Stocks Picks
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Dear Investor,
I have added six stocks to the recommendations list
Relatively Safe Investment
IDFC Infrastructure Development Finance Co. 12/21/2010 178.6
IDBI IDBI Bank Limited 12/21/2010 166.1
532809 Firstsource Solutions Limited 12/21/2010 23.45
Relatively Risky Investment
632281 HCL TECH 12/21/2010 450.9
JETAIRWAYS Jet Airways (India) Limited 12/21/2010 736.6
523756 SREI Infrastructure Finance Limited 12/21/2010 104.4
For more details please check following link
Check Our Current Recommendations
Thanks
Anil
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email:indiastocktrend@gmail.com
Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Submit your feedback
Dear Investor,
I have added six stocks to the recommendations list
Relatively Safe Investment
IDFC Infrastructure Development Finance Co. 12/21/2010 178.6
IDBI IDBI Bank Limited 12/21/2010 166.1
532809 Firstsource Solutions Limited 12/21/2010 23.45
Relatively Risky Investment
632281 HCL TECH 12/21/2010 450.9
JETAIRWAYS Jet Airways (India) Limited 12/21/2010 736.6
523756 SREI Infrastructure Finance Limited 12/21/2010 104.4
For more details please check following link
Check Our Current Recommendations
Thanks
Anil
Got a Question/Send your contributions for other members:
email:indiastocktrend@gmail.com
Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Submit your feedback
Tuesday, December 14, 2010
Petronet LNG Consolidation
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Dear Investor,
If you want to know what a Consolidation phase is look at the Petronet LNG chart. It is just ready to show some sprakles. Keep an close eye, if it manages to go above this range and stay there for more than 3-4 days then it will rally.
This is a weekly chart of Petronet. Reason for this picture is to look at previous consolidation and the move after the consolidation. This is called stage two consolidation.
With Oil reaching 100 dollars a barrel, I think time for Reliance Industries is coming back. No need to buy in hurry, overall positive indication are coming for this one.
Thanks
Anil
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Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
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Dear Investor,
If you want to know what a Consolidation phase is look at the Petronet LNG chart. It is just ready to show some sprakles. Keep an close eye, if it manages to go above this range and stay there for more than 3-4 days then it will rally.
This is a weekly chart of Petronet. Reason for this picture is to look at previous consolidation and the move after the consolidation. This is called stage two consolidation.
With Oil reaching 100 dollars a barrel, I think time for Reliance Industries is coming back. No need to buy in hurry, overall positive indication are coming for this one.
Thanks
Anil
Got a Question/Send your contributions for other members:
email:indiastocktrend@gmail.com
Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Submit your feedback
Sunday, December 12, 2010
Bright spots of red ink
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Dear Investor,
Besides the fact that we are selling off agressively we should start looking out for bright spots of this correction. Looks like some margin traders were hit last week and could not hold their holding in hurry to cut loss. This correction was not due to any other reason but due to self correcting nature of markets. The dollar, Euro crisis or scam in India are side stories. The way this market was going up it has to correct. It had set itself up for such a correction that I was screaming since Oct 2010. If you regularly follow my blog then you know I had estimated almost 30% correction. The reason is simple. In bull market corrections happen. Finding the time of correction is immposible but they do happen. Correction are the foundation blocks of future growth.
Mass media and mass people are get extreme bullish towards the end of rally. I call it the suckers rally. It sucks all the bulls including the one last standing bull that also jumps in towards the peak. And what do they buy, anything that comes along their way without any plan to protect themselves. At the end they say, "Stocks always fall after I buy them". This behaviors has been repeating for ages and it will repeat again and again.
Technical damage is a new concept I would like to talk today. Technical damage is a damage visible in stock chart. Generally after a stock chart is damaged due to sharp correction, stock will not rise soon. After the damage there will be a pause. A pause that could be as long at 1 year to never and as small as few days. Important thing for you to notice is does the stock stop falling and holds ground at set price. This phase is called consolidation phase. During this stage decision of further rally or next sell off will be decided.
We witnessed similar technical damage in NIFTY chart below. Now we should wait for consolidation. Consolidation is a range bound trading wherein nothing happens and market just keeps sucking people in and out. This is a toughest time for day traders because there is no trend in this period. They win some and they loose some. I believe they loose more than what they win.
Now is the time to start looking for opportunities in this market. Even though technical damage is steep we should focus on stocks that are close to their long term support lines. SBI is not a buy right away but if it continues to trade between 2700 range for few more weeks then you can take a bullish call and buy some core holding in SBI. Pattern to look for range bound trading around 2700 and a positive close above 2800 should pave a way for your entry into this stock.
Look at the technical damage of IDFC. Just taking support on its secondary 400 day support red line. It has to hold these prices and reverse from here.
Federal bank will be ranked higher than IDFC because it has not corrected all the way back to its 400 day support line but it is taking support at 150 day line.
I would like to watch Deepak Fertilizer to add to portfolio. Its chart is inviting.
Lets see if Allahabad bank can go low to its 400 day support line. That will be the place to start betting on this one.
Closing note: I will be out of town next few weeks so will not be able to share my thoughts until new year. I want to wish all of you a very Happy New Year. Trust me 2011 is going to be great year for stocks and therefore for all of us.
In stock market, Money is made with TIME and not TIMING the market. We are in a historic bull market ever seen by mankind so don't loose faith. Corrections will bring opportunities. Accumulate good quality stocks. Do not invest money that you need within next few months or within a year. You should have capacity to absorb the corrections and hold on.
!! Happy New Year to all of you !!
I thank you for submitting your feedback at the end of this email. Request others who have not already done so please give your opinion and suggestions for 2011.
Anil
Got a Question/Send your contributions for other members:
email:indiastocktrend@gmail.com
Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Submit your feedback
Dear Investor,
Besides the fact that we are selling off agressively we should start looking out for bright spots of this correction. Looks like some margin traders were hit last week and could not hold their holding in hurry to cut loss. This correction was not due to any other reason but due to self correcting nature of markets. The dollar, Euro crisis or scam in India are side stories. The way this market was going up it has to correct. It had set itself up for such a correction that I was screaming since Oct 2010. If you regularly follow my blog then you know I had estimated almost 30% correction. The reason is simple. In bull market corrections happen. Finding the time of correction is immposible but they do happen. Correction are the foundation blocks of future growth.
Mass media and mass people are get extreme bullish towards the end of rally. I call it the suckers rally. It sucks all the bulls including the one last standing bull that also jumps in towards the peak. And what do they buy, anything that comes along their way without any plan to protect themselves. At the end they say, "Stocks always fall after I buy them". This behaviors has been repeating for ages and it will repeat again and again.
Technical damage is a new concept I would like to talk today. Technical damage is a damage visible in stock chart. Generally after a stock chart is damaged due to sharp correction, stock will not rise soon. After the damage there will be a pause. A pause that could be as long at 1 year to never and as small as few days. Important thing for you to notice is does the stock stop falling and holds ground at set price. This phase is called consolidation phase. During this stage decision of further rally or next sell off will be decided.
We witnessed similar technical damage in NIFTY chart below. Now we should wait for consolidation. Consolidation is a range bound trading wherein nothing happens and market just keeps sucking people in and out. This is a toughest time for day traders because there is no trend in this period. They win some and they loose some. I believe they loose more than what they win.
Now is the time to start looking for opportunities in this market. Even though technical damage is steep we should focus on stocks that are close to their long term support lines. SBI is not a buy right away but if it continues to trade between 2700 range for few more weeks then you can take a bullish call and buy some core holding in SBI. Pattern to look for range bound trading around 2700 and a positive close above 2800 should pave a way for your entry into this stock.
Look at the technical damage of IDFC. Just taking support on its secondary 400 day support red line. It has to hold these prices and reverse from here.
Federal bank will be ranked higher than IDFC because it has not corrected all the way back to its 400 day support line but it is taking support at 150 day line.
I would like to watch Deepak Fertilizer to add to portfolio. Its chart is inviting.
Lets see if Allahabad bank can go low to its 400 day support line. That will be the place to start betting on this one.
Closing note: I will be out of town next few weeks so will not be able to share my thoughts until new year. I want to wish all of you a very Happy New Year. Trust me 2011 is going to be great year for stocks and therefore for all of us.
In stock market, Money is made with TIME and not TIMING the market. We are in a historic bull market ever seen by mankind so don't loose faith. Corrections will bring opportunities. Accumulate good quality stocks. Do not invest money that you need within next few months or within a year. You should have capacity to absorb the corrections and hold on.
!! Happy New Year to all of you !!
I thank you for submitting your feedback at the end of this email. Request others who have not already done so please give your opinion and suggestions for 2011.
Anil
Got a Question/Send your contributions for other members:
email:indiastocktrend@gmail.com
Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Submit your feedback
Tuesday, December 7, 2010
Lack of enthusiasm.
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Dear Investor,
We lack enthusiasm right now. NIFTY chart below is a summary effect of overall stock market. After three up days we are taking a pause here. This will be a key resistance point. But if you scan individual NIFTY components you will see a lack of enthusiasm. Most of these stocks are trying to reach their 150 day average line down. These are slowly correcting. So the panic sell off we witnessed might not be the last before a final bottom is put.
Have a look at what FII's have done since Nov 12 2010.
I see that net inflow of cash into market is slowly turned toward less positive or little bit negative.
US dollar is slowly gaining strength that is harmful to stock market rally because it pushes the FII to sell stocks and buy US dollars. The strength to dollar is coming from weakness in Euro. US dollar chart is looking more bullish because it did not reverse quickly after the rally. After few days of selling it is holding its value. If EURO picture deteriorated and dollar strengthens then we will have a deeper correction and probably good prices to buy later.
On positive note - Hexaware is near breakout point so can be added to watchlist.
Thanks
Anil
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email:indiastocktrend@gmail.com
Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Submit your feedback
Dear Investor,
We lack enthusiasm right now. NIFTY chart below is a summary effect of overall stock market. After three up days we are taking a pause here. This will be a key resistance point. But if you scan individual NIFTY components you will see a lack of enthusiasm. Most of these stocks are trying to reach their 150 day average line down. These are slowly correcting. So the panic sell off we witnessed might not be the last before a final bottom is put.
Have a look at what FII's have done since Nov 12 2010.
I see that net inflow of cash into market is slowly turned toward less positive or little bit negative.
US dollar is slowly gaining strength that is harmful to stock market rally because it pushes the FII to sell stocks and buy US dollars. The strength to dollar is coming from weakness in Euro. US dollar chart is looking more bullish because it did not reverse quickly after the rally. After few days of selling it is holding its value. If EURO picture deteriorated and dollar strengthens then we will have a deeper correction and probably good prices to buy later.
On positive note - Hexaware is near breakout point so can be added to watchlist.
Thanks
Anil
Got a Question/Send your contributions for other members:
email:indiastocktrend@gmail.com
Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Submit your feedback
Thursday, December 2, 2010
Two Stocks for Serious Considerations
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Dear Investor,
Check Our Current Recommendations
I usually don't write in middle of week but I found two good stocks trying to show some move is expected in them. So I decided to let you know about it. Overall as I keep repeating that this market has too many buyers that has been proved correct again. We just bounced off from the level where we should bounce off and we have started to march forward. There will be up and down days but keep your focus on long term trend that is up. Such corrections are opportunities to buy and not run away.
From NIFTY collection I added Mahindra and Mahindra and TCS to my personal portfolio. These stocks might correct in near term but I care less about such corrections (games).
Please add following stocks to your watchlist
ISMT is trying to come out of base. Buying it at this junction might be little risky. Notice how this stock consolidated in narrow range for months. This is weekly chart. It is trying to move above green resistance line and now stuck at around 70. If it has real power it will move above 70 and that is where we should place our first buy order of only 25% of your total planned investment. (if you plan to buy 10000 worth of stock then only buy 2500 worth stock for now and add if your selection proves correct) If it continues to march forward then you just caught a new trend which is incubating in some remote corner away from your attention.
Dish TV has exact same pattern as above chart. It just recently moved above its resistance line. I like the chart pattern. My suggestion buy 25% of planned value and if really works add more to you. The trend is about to start. I hope it is not a trap. I had similar chart patterns for Sugar stocks and those guys did not breakout. They infact broke down from these levels.
( On closing note, the world governments are printing so much money and planning to printing so much more, I just don't see stock markets to come crashing and loose its value. Its new reality for us. More paper money and expensive stocks and real estate. ).
Thanks
Anil
Got a Question/Send your contributions for other members:
email:indiastocktrend@gmail.com
Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Submit your feedback
Dear Investor,
Check Our Current Recommendations
I usually don't write in middle of week but I found two good stocks trying to show some move is expected in them. So I decided to let you know about it. Overall as I keep repeating that this market has too many buyers that has been proved correct again. We just bounced off from the level where we should bounce off and we have started to march forward. There will be up and down days but keep your focus on long term trend that is up. Such corrections are opportunities to buy and not run away.
From NIFTY collection I added Mahindra and Mahindra and TCS to my personal portfolio. These stocks might correct in near term but I care less about such corrections (games).
Please add following stocks to your watchlist
ISMT is trying to come out of base. Buying it at this junction might be little risky. Notice how this stock consolidated in narrow range for months. This is weekly chart. It is trying to move above green resistance line and now stuck at around 70. If it has real power it will move above 70 and that is where we should place our first buy order of only 25% of your total planned investment. (if you plan to buy 10000 worth of stock then only buy 2500 worth stock for now and add if your selection proves correct) If it continues to march forward then you just caught a new trend which is incubating in some remote corner away from your attention.
Dish TV has exact same pattern as above chart. It just recently moved above its resistance line. I like the chart pattern. My suggestion buy 25% of planned value and if really works add more to you. The trend is about to start. I hope it is not a trap. I had similar chart patterns for Sugar stocks and those guys did not breakout. They infact broke down from these levels.
( On closing note, the world governments are printing so much money and planning to printing so much more, I just don't see stock markets to come crashing and loose its value. Its new reality for us. More paper money and expensive stocks and real estate. ).
Thanks
Anil
Got a Question/Send your contributions for other members:
email:indiastocktrend@gmail.com
Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Submit your feedback
Saturday, November 27, 2010
Strong Stocks of NIFTY
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Dear Investor,
Please add following stocks to your watchlist. These stocks are not moved at all under current sell off situation.
Bajaj Auto has not sign on sell off that means people find value in this stock. It might not rise faster and also will not fall down.
Dr Reddy in fact slowly creeping upwards
Infosys is flat is this move suggests its strength.
Mahindra & Mahindra standing tall
Tata Motors is also good
TCS shows good strength
These are not buy recommendations but rather a list to focus when time is right.
Thanks
Anil
Got a Question/Send your contributions for other members:
email:indiastocktrend@gmail.com
Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Submit your feedback
Dear Investor,
Please add following stocks to your watchlist. These stocks are not moved at all under current sell off situation.
Bajaj Auto has not sign on sell off that means people find value in this stock. It might not rise faster and also will not fall down.
Dr Reddy in fact slowly creeping upwards
Infosys is flat is this move suggests its strength.
Mahindra & Mahindra standing tall
Tata Motors is also good
TCS shows good strength
These are not buy recommendations but rather a list to focus when time is right.
Thanks
Anil
Got a Question/Send your contributions for other members:
email:indiastocktrend@gmail.com
Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Submit your feedback
Correction Probably Near End
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Dear Investor,
The panic sell off day finally happened this Thursday and Friday. Look at the sell volume in the following charts.Volume is number of shares sold each day. Vertical Green line is a successful positive NIFTY close and Red vertical line is a negative NIFTY close.
Now we need to see two high volume accumulation (positive close) days to confirm the end of correction. It is kind of safe to assume that we will not have more selling without any significant bounce back up. If we continue selling next week then there is certainly a bigger issue that we can not see or analyze. One of the critical issue I see is of US dollar has stopped selling off and Euro Zone has started to supply news story of national debt defaults.
News and Story are two different things. These affect the stock market differently. A news is one of a kind event that comes on and goes away. In that quick moment sell off takes place and we are back to even. Whereas story like Euro Zone Debt issues will supply continuous news at regular intervals so that a persistent fear is developed. Sometimes multiple stories will hit from multiple nations and cause a panic that is difficult to handle and we have throw the stock situation like last Thursday and Friday.
I would like to here your opinion about current situation. write me an email at indiastocktrend@gmail.com about your understanding.
Next blog I will posting stocks that are standing strong in current situation.
Thanks
Anil
Got a Question/Send your contributions for other members:
email:indiastocktrend@gmail.com
Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Submit your feedback
Dear Investor,
The panic sell off day finally happened this Thursday and Friday. Look at the sell volume in the following charts.Volume is number of shares sold each day. Vertical Green line is a successful positive NIFTY close and Red vertical line is a negative NIFTY close.
Now that we have necessary sell off, now we need to wait for a uptrend confirmation. May be this is a good place some bets but I would like to see some stabilization giving us indication of real end of sell off.
Now lets study previous corrections not in a very distant past. The closest I could find is Feb 2010 and another one in Nov 2009. Both of these ended with a panic sell off day.
Now we need to see two high volume accumulation (positive close) days to confirm the end of correction. It is kind of safe to assume that we will not have more selling without any significant bounce back up. If we continue selling next week then there is certainly a bigger issue that we can not see or analyze. One of the critical issue I see is of US dollar has stopped selling off and Euro Zone has started to supply news story of national debt defaults.
News and Story are two different things. These affect the stock market differently. A news is one of a kind event that comes on and goes away. In that quick moment sell off takes place and we are back to even. Whereas story like Euro Zone Debt issues will supply continuous news at regular intervals so that a persistent fear is developed. Sometimes multiple stories will hit from multiple nations and cause a panic that is difficult to handle and we have throw the stock situation like last Thursday and Friday.
I would like to here your opinion about current situation. write me an email at indiastocktrend@gmail.com about your understanding.
Next blog I will posting stocks that are standing strong in current situation.
Thanks
Anil
Got a Question/Send your contributions for other members:
email:indiastocktrend@gmail.com
Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Submit your feedback
Sunday, November 21, 2010
Downtrend Confirmed
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Dear Investor,
NIFTY has closed slightly below the support line of 6000. I do not see any panic sell off where this market is expected to bottom. People are guessing bottoms well ahead of time. Right now we are only seeing people leaving the market who got in at 6200 levels. Institutional investors are kind of not supporting these kind of valuations. Well, The market makers have to move the market up and down to keep making money.
Those who are just trading will have tough time under such circumstances. You have to have a long term view of what is happening. What is happening in market and what is happening around you. It needs to be a holistic view of your understanding of your environment. Stock market is just one form of economic picture of real happenings. It also represents a psychological state of people. When people are nervous and breaking down they sell their holding and when in Panic they simply sell out all they have.
I do not want to advocate you hold on to all you have and never sell or book profit. I am simply describing the general behavior of people of how they behave and get caught up in sea saw action of market. I am suggesting that do not invest money that you need in next one year. You will end up selling in corrections like this. Only invest money that you can hold for at least one to two years. Once that is decided then how to pick a stock to invest a stock is all this blog is all about.
Above chart is a picture from 2004 till today. Black like is actual index line and read line is a 50 day support line. In bull market every time market sells off it will kind of stop near this red support line. Based on this indicator out next support is around 5400. If you really look at where is market is from 2500 level to 6000 level. This correction what we are seeing is just a scratch on the surface. Overwhelming number of stocks are turning down but you can't help it. Its the current wave. Keep your shopping list ready. The opportunity will be presented withing next three four weeks. You do not have to really catch the bottom but start picking slowly for next six months target.
Under current circumstances I could only see Lupin and Wochard Pharma standing strong. Rest all the stocks are moving down to their 150 day moving average support line. This is healthy for the market and will present good opportunities for new investments.
Thanks
Anil
Got a Question/Send your contributions for other members:
email:indiastocktrend@gmail.com
Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Submit your feedback
Dear Investor,
NIFTY has closed slightly below the support line of 6000. I do not see any panic sell off where this market is expected to bottom. People are guessing bottoms well ahead of time. Right now we are only seeing people leaving the market who got in at 6200 levels. Institutional investors are kind of not supporting these kind of valuations. Well, The market makers have to move the market up and down to keep making money.
Those who are just trading will have tough time under such circumstances. You have to have a long term view of what is happening. What is happening in market and what is happening around you. It needs to be a holistic view of your understanding of your environment. Stock market is just one form of economic picture of real happenings. It also represents a psychological state of people. When people are nervous and breaking down they sell their holding and when in Panic they simply sell out all they have.
I do not want to advocate you hold on to all you have and never sell or book profit. I am simply describing the general behavior of people of how they behave and get caught up in sea saw action of market. I am suggesting that do not invest money that you need in next one year. You will end up selling in corrections like this. Only invest money that you can hold for at least one to two years. Once that is decided then how to pick a stock to invest a stock is all this blog is all about.
Above chart is a picture from 2004 till today. Black like is actual index line and read line is a 50 day support line. In bull market every time market sells off it will kind of stop near this red support line. Based on this indicator out next support is around 5400. If you really look at where is market is from 2500 level to 6000 level. This correction what we are seeing is just a scratch on the surface. Overwhelming number of stocks are turning down but you can't help it. Its the current wave. Keep your shopping list ready. The opportunity will be presented withing next three four weeks. You do not have to really catch the bottom but start picking slowly for next six months target.
Under current circumstances I could only see Lupin and Wochard Pharma standing strong. Rest all the stocks are moving down to their 150 day moving average support line. This is healthy for the market and will present good opportunities for new investments.
Thanks
Anil
Got a Question/Send your contributions for other members:
email:indiastocktrend@gmail.com
Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Submit your feedback
Saturday, November 13, 2010
Curse of Bull Market
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Dear Investor,
New story is back on the block. Ireland bail out and China interest rate raise are two hot stories used by market makers to move the market. The idea here is Ireland could go bankrupt and that would cause disruption in Euro Zone impacting world economies. China Interest Rate raise will dampen the demand for commodities and people will buy less houses and commodities will be cheaper. Whatever the story might be, it will be used to get the people move.
NIFTY chart below is still holding the support line going back to Sep 2009 low. A break below will this will have cascading effect as more people will panic and sell. Look at SBI trading if you do not understand what I mean. This selling will stimulate more people to sell out at whatever prices they can get. That will trigger more stop loss orders and the effect will continue until we have a washout day where people just throw out their stock at the market to sell and that day the market bottoms and then market trades in tight range for few days before moving forward.
Those of you think this correction is a surprise to them then I am surprised. I asked you a question two weeks ago. "Do you think this market will never correct?" and nobody answered. I think you all agreed that the correction will come. Being said that the market is not in downtrend yet. It has just taken support at the blue uptrend line. Only thing to worry about is that the money flow is extremely negative on this market. Simple terms, Smart money is moving out of stocks and going to sideline.
Think your plan to handle your emotion and portfolio if the correction continues. Its not the end of the world. In bull market these corrections happen and they sometime last longer than your patience. Not being able to hold uptrending stocks is the "Curse of Bull Market".
Thanks
Anil
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Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
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Dear Investor,
New story is back on the block. Ireland bail out and China interest rate raise are two hot stories used by market makers to move the market. The idea here is Ireland could go bankrupt and that would cause disruption in Euro Zone impacting world economies. China Interest Rate raise will dampen the demand for commodities and people will buy less houses and commodities will be cheaper. Whatever the story might be, it will be used to get the people move.
NIFTY chart below is still holding the support line going back to Sep 2009 low. A break below will this will have cascading effect as more people will panic and sell. Look at SBI trading if you do not understand what I mean. This selling will stimulate more people to sell out at whatever prices they can get. That will trigger more stop loss orders and the effect will continue until we have a washout day where people just throw out their stock at the market to sell and that day the market bottoms and then market trades in tight range for few days before moving forward.
Those of you think this correction is a surprise to them then I am surprised. I asked you a question two weeks ago. "Do you think this market will never correct?" and nobody answered. I think you all agreed that the correction will come. Being said that the market is not in downtrend yet. It has just taken support at the blue uptrend line. Only thing to worry about is that the money flow is extremely negative on this market. Simple terms, Smart money is moving out of stocks and going to sideline.
There is lot to talk about this chart. First look at the red volume lines. There is already a panic happening. I keep mentioning one fact, this market has tremendous purchasing power. so I am not sure if we will really have a correction back to 5600. That will be your sweet spot to grab some shares. Immediate support is at 5900. We should be able to hold.
I like sugar stocks. It does not mean you go out and buy them. It is just for you to focus on them. When I am convinced the uptrend is in, I will let you know. Remember one thing, anything you buy in this bull market, you must expect correction of 30% and not panic. Select the stock carefully based on technical chart and fundamentals. So your first position should be very small and add more if the investment works. There is difference between just grabbing some gains and investing in a trend. Those who are fighting for next day gain are the ones who will suffer the most. I do not know anybody who became rich day trading stocks. But that is what masses think and do. It will work sometime but they loose the most in such corrective events. Then they do not dare to buy when the shares are cheep. You need to have your plan to when to buy and when to sell. Building a portfolio is a years of process and not just a single day gain.
Check the sugar stocks charts. These guys have traded in a tight range for quite some time. Now they are trying to move up but Ireland and China has come in their way. So they have started to turn down. Grab some when they become really cheap in upcoming correction.
Think your plan to handle your emotion and portfolio if the correction continues. Its not the end of the world. In bull market these corrections happen and they sometime last longer than your patience. Not being able to hold uptrending stocks is the "Curse of Bull Market".
Thanks
Anil
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Monday, November 8, 2010
Sugar is coming back to life
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Dear Investor,
Check Our Current Recommendations
Please add following stocks to your watchlist
Sugar sector is coming back to life. I see signs all over the charts. The breakout is not there yet but it is in cards.
Bajaj Hindustan is already in our portfolio
Many more are ripe to grow - Renuka sugar, Shakti Sugar, balram chini and Dhampur Sugar.
I am not sure why this move is happening. I am not adding any to my personal portfolio. But you need to watch is. In India, things move lot faster than I can anticipate.
Be ready to sweeten your portfolio
Chemical and Fertilizer Sector is buzzing too.
Thanks
Anil
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Dear Investor,
Check Our Current Recommendations
Please add following stocks to your watchlist
Sugar sector is coming back to life. I see signs all over the charts. The breakout is not there yet but it is in cards.
Bajaj Hindustan is already in our portfolio
Many more are ripe to grow - Renuka sugar, Shakti Sugar, balram chini and Dhampur Sugar.
I am not sure why this move is happening. I am not adding any to my personal portfolio. But you need to watch is. In India, things move lot faster than I can anticipate.
Be ready to sweeten your portfolio
Chemical and Fertilizer Sector is buzzing too.
Thanks
Anil
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Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
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Saturday, November 6, 2010
Bulls claim their Victory
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Dear Investor,
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Bulls claim their victory. Its a new world of investing for me personally. This is a dream land where you will only make money. There is virtually no risk in any asset class. For a cautious individual like me, my eyes keep looking for risk and possibility of loss. It just doesn't happen in today's stock market world. Its hard to even believe that it happens this way. I do not like it. We need pullbacks to push out weaker hands so that the stock solidifies its base. do you really believe that Indian equities are so cheap that it has only one way up? I don't.
The net result of such behavior is when the panic sets in ( I don't when it will come), the weaker hands get shaken so bad that they don't know what to do. When I look back 2008 crash, it was due to some unknown financial system meltdown. well, the meltdown did not happen. The verdict is clear. Bulls want to go higher, which we have to agree to. We have to go with them until proven wrong.
I want to hear from you. Do you really believe there will be no downside in current markets? Do you believe that we will only go up from here, never ever pull back to general average prices?
Thanks
Anil
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Dear Investor,
Check Our Current Recommendations
Bulls claim their victory. Its a new world of investing for me personally. This is a dream land where you will only make money. There is virtually no risk in any asset class. For a cautious individual like me, my eyes keep looking for risk and possibility of loss. It just doesn't happen in today's stock market world. Its hard to even believe that it happens this way. I do not like it. We need pullbacks to push out weaker hands so that the stock solidifies its base. do you really believe that Indian equities are so cheap that it has only one way up? I don't.
The net result of such behavior is when the panic sets in ( I don't when it will come), the weaker hands get shaken so bad that they don't know what to do. When I look back 2008 crash, it was due to some unknown financial system meltdown. well, the meltdown did not happen. The verdict is clear. Bulls want to go higher, which we have to agree to. We have to go with them until proven wrong.
Following chart of NIFTY look for the volume spikes. It is all green. Intentions are clear. We need to move higher. We are now clearing the recent base. In my opinion, the best to buy new stocks is when we see a pull back. It is just not happening. The pressure is on upside, so be it. Don't believe that there is no risk, in fact the risk is growing faster than you imagine. The better side of story is now a days risk is being rewarded handsomely.
IDFC chart is a good chart. Remember any new money invested should anticipate 30-35% correction and accordingly move in. IDFC chart pattern shouting bullish intentions. look at the increasing green volume lines. Look how it refused to go below 193. So green line is the major support line for this stock. You can't wait for it to fall there and then invest. As I told you, this market there is no downside until it actually happens. So for us it would be wise to get in with small position, buy more if the madness continues or buy more when it falls down to green line. In any case, its only buy and hold or buy more. But go in small blocks, is my humble suggestion to you. I know, you are so excited that you want to put all your money in stock market. I have lost the daring to say that "this is the point of exact peak in market". Reason is simple, there are no pullbacks in these markets around the world. Its not a normal environment.
Sterlite Industires, you all know the US government is printing money. They are all struggling to create inflation ( higher prices for goods). This additional money being released has to go somewhere and I believe, it would flow into higher prices for food, metal and everything else around you. This was fundamental blurb which is useless. Lets look at the chart below. This is my favorite chart pattern long consolidation. It has not given a clear break into uptrend that's why I am not adding it to my personal portfolio. Worth keeping eye on. Its a good investment on longer term horizon.
I want to hear from you. Do you really believe there will be no downside in current markets? Do you believe that we will only go up from here, never ever pull back to general average prices?
Thanks
Anil
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Thursday, November 4, 2010
Few Best Stock Charts
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Dear Investor,
Its hard market to trade. Only thing you can do is buy and hold on to your stock. Check out he performance of stocks recommended few weeks ago.
Check Our Current Recommendations
This is a very hot market. Do not put large sum of money just because I am telling you to. I will suggest limit the initial investment below 10000 and then add more as the stock works for you. When the correction comes its going be very hard and very bloody. But until it arrives lets keep rolling.
Following are investment grade charts
Thanks
Anil
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Submit your feedback
Dear Investor,
Its hard market to trade. Only thing you can do is buy and hold on to your stock. Check out he performance of stocks recommended few weeks ago.
Check Our Current Recommendations
This is a very hot market. Do not put large sum of money just because I am telling you to. I will suggest limit the initial investment below 10000 and then add more as the stock works for you. When the correction comes its going be very hard and very bloody. But until it arrives lets keep rolling.
Following are investment grade charts
Thanks
Anil
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Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
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Sunday, October 24, 2010
Review on Monthly, Weekly and Daily NIFTY charts
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Dear Investor,
Very difficult time to predict any kind of move from stocks. One thing that prevents me from saying that market will go down is the fact that this market has so much buying power. Unimginable buying pressure has been exhibited months after months after month. Begin at monthly highest range, we should expect some profit booking. Earnings season is underway and people are selling stock good news or bad news. They are booking their profits.
I added bollinger bands indicator this time. It measures the amount of volatility in market. Orange color river like bands are indicators of how move larger move is happening on the stock or index. When the bands come very very close, that means there is very less volatility in the market. It depends on the scale you look at. For monthly scale it measures how much month to month volatility. So monthly bands are less volatile than daily or weekly bands. What is important to notice is "when the bands are coming closer that is a indicator of base building and anticipation of a big major move is about to begin." Only thing that it does not tell you is which direction - UP or DOWN?
Above monthly chart is showing NIFTY support is at 5015. Volume is all green indicating constant accumulation. Bollinger bands coming together is sign of new big move might be on the charts.
Above NIFTY weekly chart shows that weekly activity is high. Volality is high. Bands are expanding. Another problem I see is we ae neer that top of the river band this is where stocks reverse and again meet back at the center line. Based on this Weekly support for NIFTY is 5650. Healthy volumes on up side have to be noticed.
Here is the conclusive daily chart. Do you see how much the bands have come together. This is a signal of new major move in happening. UP or DOWN is not predictable. Daily Support for NIFTY is at 5506.
Observe the rea and green volume lines. There is very little volume on down days and observe green volume lines. There is so much buying power. This makes it difficult to predit next move. The best we can say is market will consolidate in 6000-5500 range. You buy at 5500.
I am putting Siemens on watchlist so that you all can learn and study the effect of bolliner bands. See how the bands are pinched together. Lets see after few weeks if a large move actually happens.
This week G20 Currency meeting will shape some trading of next week.
Thanks
Anil
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Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Submit your feedback
Dear Investor,
Very difficult time to predict any kind of move from stocks. One thing that prevents me from saying that market will go down is the fact that this market has so much buying power. Unimginable buying pressure has been exhibited months after months after month. Begin at monthly highest range, we should expect some profit booking. Earnings season is underway and people are selling stock good news or bad news. They are booking their profits.
I added bollinger bands indicator this time. It measures the amount of volatility in market. Orange color river like bands are indicators of how move larger move is happening on the stock or index. When the bands come very very close, that means there is very less volatility in the market. It depends on the scale you look at. For monthly scale it measures how much month to month volatility. So monthly bands are less volatile than daily or weekly bands. What is important to notice is "when the bands are coming closer that is a indicator of base building and anticipation of a big major move is about to begin." Only thing that it does not tell you is which direction - UP or DOWN?
Above monthly chart is showing NIFTY support is at 5015. Volume is all green indicating constant accumulation. Bollinger bands coming together is sign of new big move might be on the charts.
Above NIFTY weekly chart shows that weekly activity is high. Volality is high. Bands are expanding. Another problem I see is we ae neer that top of the river band this is where stocks reverse and again meet back at the center line. Based on this Weekly support for NIFTY is 5650. Healthy volumes on up side have to be noticed.
Here is the conclusive daily chart. Do you see how much the bands have come together. This is a signal of new major move in happening. UP or DOWN is not predictable. Daily Support for NIFTY is at 5506.
Observe the rea and green volume lines. There is very little volume on down days and observe green volume lines. There is so much buying power. This makes it difficult to predit next move. The best we can say is market will consolidate in 6000-5500 range. You buy at 5500.
I am putting Siemens on watchlist so that you all can learn and study the effect of bolliner bands. See how the bands are pinched together. Lets see after few weeks if a large move actually happens.
This week G20 Currency meeting will shape some trading of next week.
Thanks
Anil
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email:indiastocktrend@gmail.com
Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
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Friday, October 22, 2010
Vote for Naryanan Krishanan for CNN Hero
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Dear Investor,
Naryanan Krishnan has brought more than 1.2 million hot meals to India's homeless and destitute through his nonprofit
http://www.cnn.com/SPECIALS/cnn.heroes/archive10/naryanan.krishnan.html
We work day in day out for ourselves. Its time to respect what Naryanan has done for community. Click above link and vote for him.
Thanks
Anil
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Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
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Dear Investor,
Naryanan Krishnan has brought more than 1.2 million hot meals to India's homeless and destitute through his nonprofit
http://www.cnn.com/SPECIALS/cnn.heroes/archive10/naryanan.krishnan.html
We work day in day out for ourselves. Its time to respect what Naryanan has done for community. Click above link and vote for him.
Thanks
Anil
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email:indiastocktrend@gmail.com
Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
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Tuesday, October 19, 2010
Downtrend Confirmed..Kind of
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Dear Investor,
Downtrend in NIFTY has been confirmed by last four trading sessions. We will have few bounce back days but we need to be careful now since the short term downtrend is taking hold. The downtrend will end with a panic sell off day where everybody turns a huge seller. This is just of temporary top formation process. Downtrend prediction will be void if we manage to close about the downtrend line
Dear Investor,
Downtrend in NIFTY has been confirmed by last four trading sessions. We will have few bounce back days but we need to be careful now since the short term downtrend is taking hold. The downtrend will end with a panic sell off day where everybody turns a huge seller. This is just of temporary top formation process. Downtrend prediction will be void if we manage to close about the downtrend line
Money flow has turned negative after a very long time. FII are still the net buyers. Mutual Funds continue to sell. If this correction takes hold I expect a deep correction. Reason for such a expectation is that lot of excited buying has already taken place. Those with quick gain expectations have been if trapped will not be able to hold when the correction deepens. There will be a day where they will loose their patience and panic sell off will happen and the same day bottom will be in place.
There is no gurantee that correction will even happen that deep. This will still be a bull market correction to be used to buy when the bottom is in place. Lets give it some time to put in a proper bottom before jumping end.
Good Luck to All
Thanks
Anil
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Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
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Saturday, October 16, 2010
Serious Selling Last Week
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Dear Investor,
Well, I do not really have to tell this. You all know it since you watch the market very well. After last weeks trend line break we saw three distribution days where people did some selling. I do not think those were really panic selling days. Volume of selling was really weak. We have now entered a range on 6000 - 6200. If market manages to break this small downtrend then we will see break above 6200. Its consolidating in this range. Volume is not supporting the downside yet. But I see serious deterioration on individual charts. Basically profit booking is happening in full swing.
Bull market corrections do happen. Just it happens after retail investors jump in. That is why, I always suggest the idea of investing in small chunks and adding more when the market proves you right. If you have to invest Rs 10000 then only buy Rs 1000 worth stock and see if it actually holds the value for few days at least. Usually when the retail investor jumps in that is a very end of the rally. somehow, that has been track record. Then they sell in panic towards the end of sell off and then watch the market go up again. Usually they are out of money to buy near the bottom of rally.
I am not suggesting go all out and buy put options or short the market. Its hard to decide that just now. This market has lot of buying power. We have seen that in past 4 dips. There is lot of support. What you will find it that the stocks you bought are not holding. Its not just you. Its all of us.
When playing with fire like the full on bull run, expect the burning to be part of it. Any close below 5950 is a strong indicator that correction has arrived and will continue for few weeks at least. There is too much demand for stocks so I am not sure of breaking that level.
As I told you last two weeks were interesting to watch because earning season just kicked off. Now we will know in coming week if it was a bull trap or a real bull.
Thanks
Anil
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Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Dear Investor,
Well, I do not really have to tell this. You all know it since you watch the market very well. After last weeks trend line break we saw three distribution days where people did some selling. I do not think those were really panic selling days. Volume of selling was really weak. We have now entered a range on 6000 - 6200. If market manages to break this small downtrend then we will see break above 6200. Its consolidating in this range. Volume is not supporting the downside yet. But I see serious deterioration on individual charts. Basically profit booking is happening in full swing.
Bull market corrections do happen. Just it happens after retail investors jump in. That is why, I always suggest the idea of investing in small chunks and adding more when the market proves you right. If you have to invest Rs 10000 then only buy Rs 1000 worth stock and see if it actually holds the value for few days at least. Usually when the retail investor jumps in that is a very end of the rally. somehow, that has been track record. Then they sell in panic towards the end of sell off and then watch the market go up again. Usually they are out of money to buy near the bottom of rally.
I am not suggesting go all out and buy put options or short the market. Its hard to decide that just now. This market has lot of buying power. We have seen that in past 4 dips. There is lot of support. What you will find it that the stocks you bought are not holding. Its not just you. Its all of us.
When playing with fire like the full on bull run, expect the burning to be part of it. Any close below 5950 is a strong indicator that correction has arrived and will continue for few weeks at least. There is too much demand for stocks so I am not sure of breaking that level.
As I told you last two weeks were interesting to watch because earning season just kicked off. Now we will know in coming week if it was a bull trap or a real bull.
Thanks
Anil
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Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Sunday, October 10, 2010
Possible Breakout Stocks
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Dear Investor,
Please add following stocks to your watchlist
There is a great possibility of these stocks returning quick return in next couple of months. Its not a buy recommendation rather a lesson on what one should look for before buying stocks for long term investment. This week is very interesting from all perspective especially from bullish sentiment. I will be watching these guys and you can watch them too.
In bull markets best buying points are upon pull backs. We do not get longer lasting pullbacks in today's environment. Somehow the cash capability of individuals and mutual funds is very strong. That is why money rushes back into securities. Stocks may not be as overvalues as we think. Stock in thousands might be new reality we need to accept.
Thanks
Anil
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Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Dear Investor,
Please add following stocks to your watchlist
There is a great possibility of these stocks returning quick return in next couple of months. Its not a buy recommendation rather a lesson on what one should look for before buying stocks for long term investment. This week is very interesting from all perspective especially from bullish sentiment. I will be watching these guys and you can watch them too.
In bull markets best buying points are upon pull backs. We do not get longer lasting pullbacks in today's environment. Somehow the cash capability of individuals and mutual funds is very strong. That is why money rushes back into securities. Stocks may not be as overvalues as we think. Stock in thousands might be new reality we need to accept.
Thanks
Anil
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email:indiastocktrend@gmail.com
Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Saturday, October 9, 2010
First Close Below Upward Trend Line of Sep 2010
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Dear Investor,
First sign of tiredness was seen last Friday Oct 08 2010. Well Quantitative Easing fever is not done yet. Gold is almost at new record high and similarly most of the stocks are at their record high. I was hoping to see the break of up trend line last week, now lets see how it plays out in coming week. clearly some fear is returning but not so much yet. We need constant closing in red one after other to induce the fear factor into this market which appears to be ready to pick everything on sell. We can't blame anybody, this has been a fears bull which knows only one way and that is up.
Few bars below trend line will define next immediate direction. For all practical purposes Uptrend is not officially over. The bull is full on.
I link unusual activity in Mercator Lines. It has build very long base and has big resistance at around 80. It should be on your watchlist. It could break out and run very quickly.
Thanks
Anil
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Please forward this email to your friends and family members to help them build wealth under technical stock market guidance.Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.
Dear Investor,
First sign of tiredness was seen last Friday Oct 08 2010. Well Quantitative Easing fever is not done yet. Gold is almost at new record high and similarly most of the stocks are at their record high. I was hoping to see the break of up trend line last week, now lets see how it plays out in coming week. clearly some fear is returning but not so much yet. We need constant closing in red one after other to induce the fear factor into this market which appears to be ready to pick everything on sell. We can't blame anybody, this has been a fears bull which knows only one way and that is up.
Few bars below trend line will define next immediate direction. For all practical purposes Uptrend is not officially over. The bull is full on.
I link unusual activity in Mercator Lines. It has build very long base and has big resistance at around 80. It should be on your watchlist. It could break out and run very quickly.
Thanks
Anil
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