Price is sole motivation for all other actions !! follow simple price action ... rest follows !! Market analysis based on technical & Fundamentals !! Long / Medium term Investing and trading ideas !! SHARING a little bit what i learned
Wednesday, December 4, 2013
Siemens
Siemens ===>
two scenarios concurring on monthly charts
1) if breaks 625+ will head towards 825-850 zone
2) if unable to pass 625+ short for revisit to 550 and lower levels
Everready Industries
Everready Industries
-- formed a bottom around 14.50-16.50 zone
-- longer term basis didnt went below 2008 lows of 11+
-- have retraced 23.8% of last fall from 82 odd to 14.50+
-- falling trendline resistance now placed at 40+ which co incides with 38.2% level of fall from 82 to 14.50
--
dips should be used over next 12-18 months to accumulate for bigger move towards 100+ over next 24 months
-- formed a bottom around 14.50-16.50 zone
-- longer term basis didnt went below 2008 lows of 11+
-- have retraced 23.8% of last fall from 82 odd to 14.50+
-- falling trendline resistance now placed at 40+ which co incides with 38.2% level of fall from 82 to 14.50
--
dips should be used over next 12-18 months to accumulate for bigger move towards 100+ over next 24 months
Tata Elxsi
Tata Elxsi
CMP 340+
-- a long term breakout if breaks and closes above 350+
-- last two times in 2007 & 2010 have failed to pass 350+ zone
-- double top formation in monthly charts at 350+
-- a decent move above 350+ opens up 650-700 zone .
CMP 340+
-- a long term breakout if breaks and closes above 350+
-- last two times in 2007 & 2010 have failed to pass 350+ zone
-- double top formation in monthly charts at 350+
-- a decent move above 350+ opens up 650-700 zone .
Whirpool
Whirpool keep a check can proove to be another rocket
CMP 190+
given a decent breakout
any move above 200+ opens up 240+
CMP 190+
given a decent breakout
any move above 200+ opens up 240+
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