by Ramki | Dec 21, 2008 | Indian Stocks Trading
A reader has requested for technical analysis on the Indian Real Estate sector, and I chose DLF because it was first on his list. The current move looks quite strong, and all we need is a break past early resistance at 323 for it to continue to 408 area. I wouldn’t be...
by Ramki | Dec 21, 2008 | US Stocks outlook
In our post of 16 December where we presented Elliot Wave Analysis of SBA Comms Corp, we said that for this stock to come down, we really would like to see a fast paced move in that direction. Otherwise the risk increased to the upside. The main reason for this is we...
by Ramki | Dec 18, 2008 | Indian Stocks Trading
Even if you are from the West, and have no interest in a company that is called Global Investment House, Kuwait, you would learn something by looking at the way the waves have been labelled. Likewise with the Sensex, which is the Bombay Stock Exchange Sensitive Index....
by Ramki | Dec 17, 2008 | Indian Stocks Trading
On 11 Dec 2008, we suggested that it might be worthwhile to get out of Tata Tea near the 574 level. (That trading idea was inspired by using elliot wave analysis).The actual high was 577, and the stock has since declined to 530, and probably has more to go. Take a...
by Ramki | Dec 17, 2008 | US Stocks outlook
On 1st December 2008 we looked at Colgate Palmolive and decided that although it looked ready to breakout of a series of resistances we would be better off waiting for a small dip. This has materialized. The weekly charts are still not encouraging of a big exposure...
by Ramki | Dec 16, 2008 | US Stocks outlook
First, why did I choose SBA Comms Corp for this trading idea? The reason is quite simple. Someone drew my attention to a potential wedge like pattern that is bearish. Can this stock go a lot lower that the $9.49 already seen? Perhaps. But for that to happen, we need...
