HCL TECH - CMP IS 680 , HUGE BREAKOUT ON CHARTS BUY WITH TARGET OF 850 AND SL CLOSE BELOW 625

Tata Motors DVR has been showing positive price movements since VW scandal broke out in germany .
Techincally it has potential to move upto levels of 350-400 in next 6m-12m.

BEL - NEAT break out on daily/weekly chartswith good volumes one can invest with a target of 3500/4000 in BEL>

Effective investing includes technical analysis

Many investors claim they don’t subscribe to any tenet of technical analysis. Frankly, I have rarely seen a successful investor that doesn’t do a bit of simple technical analysis.

If technical analysis is so terrible, why do so many investors pay attention to the 52 week high or low? Even this thought pattern is a basic form of technical analysis. Basically, you are making a decision based on a past action of the stock. A better name for technical analysis would be chart analysis since it is the use of charts to make investment decisions. It is trying to interpret market psychology based on the past actions of that market. At its core, technical analysis is simply a method of determining if a stock is worth buying or selling.

Technical analysis is simply the study of market generated data. This includes price levels that have served as past turning points, the amounts of stock being bought and sold each day (volume), and the rate of change of price movements (momentum) over a given span of time.

Fundamental analysis, which seeks to uncover the true value of a stock, depends on future sales, earnings, and cost estimates of a company. Often, these numbers change as outside influences, such as the overall economy or the company’s competitive landscape, change. The basics of technical analysis i.e. the price of shares and the volume being sold, never change.

Technical analysis isn’t magic. It won’t guarantee a great buy or a great sell. But chart analysis can help make a decision to buy, sell or hold. These decisions are based on the probabilities of the actions of others. If a pattern on the chart appears, a chart watcher can react to that pattern. It does not work every time, but past performance does give us an idea of what will happen so we can do something about it.

Always remember price action in short term follow demand/Supply  i.e technical s in long term fundamental will play the role.

BinGo

TCS

TCS----

AT STRONG SUPPORT ,INVESTORS CAN BUY AT CURRENT LEVELS AND ACCUMULATE TCS to make decent returns from the share.

IT'S CAG STUPID ..

It's CAG  and its mind boggling,astronomical and for some its megalomaniac revelations ,thats calling the shots in D-street .

For an Aware investor It was very much clear on 17Th Aug that after the tabling of CAG report things wont remain normal in D-street ,and it very much provided the spark to Bear to put on fire ever fragile  house of Bulls.

With the 15% fall in IFCI in early this week ,Bears made its mood quite clear that they will Burn deep holes in Bulls pocket and many more stocks faced the wrath of bears in this week .

Now with the things are going to much hazy before elections , don't expect markets to run up too fast ,
sell/short sell each rally ,or at least for God's sake buy protective puts in high Beta name's like HDIL,JP Asso,IFCI, etc etc.

I can only say be very careful before putting any buy orders in any stock,do proper research fundamentally as well as technically .Do not stick to looser stocks for eternity cut them and make booking looses a important part of your investing style.If one does not book looses in wrong stocks one is bound to fail in long term.

And Yes,crystal ball Gazing Policy paralysis will continue don't expect anything from Bunch of jokers .Its the superior organisations like HDFC,M&M,Tata's which have kept the faith of investors otherwise ....


Safe Investing

BinGo

BIOCON- CAT AND MICE GAME OS OVER

Biocon -The cat and Mice game is very much over for the stock, stocks had a much awaited decisive break out on Friday the 31st Aug .
Expect higher levels now in the stock ,go Long with Your seat belts on.
BinGo

Eros -Ready to Fly, Fly high

Eros Intl Media-I believe it is one such stock , which is a must in ones long term. portfolio .It has all the necessary elements to what one calls a "Great story stock ".

But right now technically also the stock is ready to fly,have a watch on it.

FIVE CHARTS

FUNDAMENTAL VS TECHINCAL

Its not a fight between Bull and bear ,now its a fight between Fundamental and technical. both are giving reverse direction.
Fundamentals are weak across the globe and Euro is still in deep mess so this paints a bleak picture for global markets and makes it fragile.
Techinicals are indicating again a pull back rally upto 5100-5150 as observed last week  , bears should ideally given there postions yest at 4910 levels because mkts were oversold nd monday morning was ideal time for them to cover short postions when NIfty made a low of 4710 .
Now , Nifty is above 20dma after 2 nd May .