by Ramki | Apr 20, 2011 | Indian Stocks Trading
A reader posted a comment on Bharat Forge in the wrong category and hence had to be removed from there. Here is what he wrote: “BHARATFORGE CMP 353 UPMOVE IS OVER AT 370 , WILL COME DOWN TO 250 LEVELS. ANOTHER COPY BOOK PATTERN , PL HAVE A LOOK.” I am not sure that...
by Ramki | Apr 7, 2011 | Indian Stocks Trading
I realize that some of you are wondering about what I think about TCS now that we have rallied to a new high this year. Recall that I was talking of a significant downmove in this stock. However, I wouldn’t be surprised if you didn’t remember that my call was more of...
by Ramki | Apr 3, 2011 | Indian Stocks Trading
A few days back, during my interview with Deepak Shenoy, I had suggested that one should wait for at least 185 to buy the stock as I continued to be bearish for that stock (it was trading around 210 at that time, in late Feb). I returned from my holidays and looked at...
by Ramki | Mar 13, 2011 | Indian Stocks Trading
I thought I’d take a quick look at the chart of CAIRN india before shutting down for the upcoming holidays. But I ended up spending a good 30 minutes trying to decipher what was going on. At long last, I have come up with my best version and here is the bottom line. A...
by Ramki | Mar 9, 2011 | Indian Stocks Trading
A reader asked how to deal with freak price movements, and cited the stock of Ashok Leyland as an example. Apparently, such movements are common in mid-cap stocks. Well, I decided it is worth the time to look at Ashok Leyland, and here is the Elliott Wave Analysis. As...
by Ramki | Mar 7, 2011 | Indian Stocks Trading
The CEO of TCS says demand pipeline looks good, and better client spend in FY12. Also there is no business impact now from unrest in Middle East. So why on earth (rather why in BSE) is the stock price of Tata Consultancy Services trading at 1108.75 today, down 2.27%...
