Tuesday, June 24, 2008

>Realestate blues

Big daddies of Indian real estate story are trading below there yearly lows and shows no signs of recovery.


Made a new low and is drifting down every day falling in a slanting down channel
broke its low made during IPO so its a total new territory for the stock .


Falling continuously in a sharp down channel made its new yearly low 160 looks a support hope
for bulls .

Dont jump into realestate scripts watch these two heavyweights before buying into real estate stocks .


Monday, June 16, 2008

>Mindtree analysis

Mindtree is consolidating in a channel for quite some time after the impulse up from 350 levels to 490+ and after that its been consolidating in a channel from sometime, With channel support at 420 can buy this stock in dips for a first target of 500.

Mindtree is said to be increasing its stake in AZTEC soft


Friday, June 13, 2008

Few AFL'S(Amibroker formula language)

I had actually before uploaded few of the Afl's but i think since i uploaded it on some website
after some time it was removed from there,I recieved many comments in that post about it
so here i have uploaded again few Afl's click on the below written headings to down load respective
Afl,Mind you these will work only with AMIBROKER

18 day breakout

Volume breakout


yahoo id=rish.trader

Wednesday, June 11, 2008

>Technical Trading Seminar


A Technical Trading Seminar is being Organized by www.EagleEyeTrade.com in Bangalore.

The seminar would deal in Technical Trading Concepts and ways to analyze the markets
by multiple ways to be able to understand and trade it with low risk.
Full seminar details can be seen on http://www.EagleEyeTrade.com/TechnicalSeminar.html

The seminar also exposes you to various trading systems which are a must haves for any trader to be able to find great trading opportunity.

Similar seminars have been organized in Pune and Mumbai and traders who have done it have benefited from it.

Even I did the same seminar long back which has helped me enormously in my own trading as a full time trader.

None the less, the seminar would be held in the serene surroundings of EVOMA Business Incubation Centre.

If you are a trader and in need to upgrading your skills or learning new skills to win in the markets,
I (highly) recommend taking this seminar. (Well i would be there too)

The seminar from EagleEyeTrade will be a catalyst for you to trade better and win bigger as it has been for me.

You can call Mr. Dinesh (EagleEyeTrade HelpDesk) to book your seats 0-93340-10234 / 0-94303-00000

Or you can call me for any further clarification or help on 0-93412-81305

Good Wishes

yahoo id: rish.trader


ONGC today almost touched its support trendline and saw a smart recovery from there this recovery can target 880-900 in coming days,Chart is attached
If you are already long near the trendline support can keep 820 as a trail sl.


Thursday, June 05, 2008

>SBI Analysis

SBI witnessed continuous selling from 1800 levels
Todays it breached its long term trend line support intra day but smartly recovered back to close above that,Since a support is tested once we are usually in for a rise the immediate resistance for the stock comes at 1400-1410 .

From Elliot wave prospective it looks like a clear 5 down with the last leg is finished or not is debatable A chart is attached to show it graphically.



Sesa goa completed a Triangle and broke down

News of Tax on iron ore added fuel and once the support of 3900 was broken it slipped badly,A good support zone is nearing at 3500-3450 if this holds stock can see some recovery else may turn sideways for some time a chart is attached to show it graphically.

Monday, June 02, 2008


Orchid chemical undergoing its corrective correction after corrective rally (B up)so probably C down underway according to Elliot wave analysis and older post on orchid when the pattern was still new can be checked at ORCHID B up
An updated chart is attached to try to foresee the movement of the script price in coming weeks

as it can be seen that slanting trend line is broken downwards which suggests a move towards 200 to 180 which is a good support for the stock so if you are holding longs in this script be ready to book small loss if you are a trader else this could be a pain full journey downward for this script ,Option traders can buy 200 strike put try to buy it cheap if a rise is seen to get maximum benefit from this analysis.