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 .

My Twitter id- BinGotrades

Dear all,

Please follow me on twitter my id is binGotrades,i will tweet my posts there as well from now on.

binGo

Nifty

Nifty - looks set for bounce back from currrent levels and 250/300 points move possible now  on upside.

buy Options of 5100 or buy Nifty Fut now.

NTPC

NTPC- AT STRONG SUPPORT LEVELS AT 140 -42 LEVELS GOOD UPSIDE POSSIBLE NOW.

Technical s - Redefined

Last evening i was wondering while sipping  coffee , that how  there are strange similarities between technical we use in analyzing stocks price movements and techincal in actual life as well

let me rephrase it for you ;

Resistance & support- Stocks as well as human beings face it all the time from adversaries and at the same time they also get support from family and friends.

Breakdown & Breakout- Stocks and human beings have so much similarities, in there respective life cycles both have to break out and break down some where.

Now some terms which are of interest to many

Money flow - There are various methods to gauge money flow in stocks be it In or Out , and a person also has phases where there is money flow in his vault at rapid phase and similarly there are phases of outflow as well.

So, by this i mean to say technical is nothing but human behavior and cycles  applied to stocks and not vice versa.
that is the reason i feel the fairly liquid stocks should follow a definitive pattern all the time as humans dabble ith them so it has automatically got human element to it.

And yes, fundamentals are elusive just because with Audit and CA's firms under there payroll companies can get whatever numbers they want remember Satyam, Enron etc .But X-ray tell us all.

BinGo

Big Boys are Playing

Big Boys are Playing 

By BinGo

There's going to be a lot of very heavy betting over the next few days, weeks, and months on what's going up, what's going down, and what's going around:

If you don't have the stomach for what's going to feel like an out-of-control rollercoaster ride, sideline yourself.
If, on the other hand, you like a lot of action, welcome to Mayhem - the preamble month to what will likely be the Summer of Some Discontent.

Indian economy is on total disarray, there are problems galore and stock markets are in firm grip of bears ,Infact hard hitting bears so bottom fishers beware you may be in for tough times.

At the end of this mega roller coaster ,We have to go much lower .

My take is wear all your protective gears to play this match .

BinGo.

Market Update ------->>>>SENSEX VIEW OF LAST WEEK ABOUT TRIANGULAR BREAKDOWN OBLIGING US , SENSEX DOWN 17000 TO 16250 >> DOWN 750 POINTS IN A WEEKS TIME  .
16250 will be a support for the markets .break of that will bring bears play the game again with a new force.

RANBAXY update on 28/04 also paying off down 500-510 to 472 levels on friday ,
Biocon -has not yet broken its support chaneel , so wait for that.

Sensex !! Triangle breakdown "Implication of 1500 points" ?

SENSEX-

Almost 2month long  lawn tennis match is over now , its time to send the ball out of park .bears are /have taken control of proceedings now.They will call the shots now.
Charts says it has broken a imp support of 17000/5150 levels .
The trade should be to Short sell Nifty with a tgt of 16000/15500 levels .while crossing of 5150/5300 spot levels will put a brakes on the plans of hard hitting Bears.

BinGo !!

TWO PHARMA PLAYS RANBAXY & BIOCON

Biocon & Ranbaxy -- Pharma plays

LAWN TENNNIS !!

If you like playing Lawn tennis then probably the current market situation and setup will  pull u.
Its a range bound market at best, traditionally in BUdget month , contrary to popular belief Nifty Does not change much.
may be, Because Big players  short options on both sides and thus making retail players run for cover by buying Far OTM options,but in the end we know who wins...
To be precise the range looks like 5200-5600 , i dont think that it will be broken in march Series.
Stock specific activity is more imporatant.
And yes, King of good times will be able to solve his problems in short term by way of stake sales etc.[fortune telling ]

STERLITE

STERLITE -LOOKS LIKE IT IS GOING INTO BEAR GRIP.

WHY I LOVE TRIANGULAR BREAK OUTS ??

People who follow my blog regularly always ask me in person about why i give so much importance to triangular break outs .

SImple reason i assign is - It helps u fast money , i have not come across any Pundit who has scored a Bingo in this 1000-1100 Point Nifty rally .But my charts spotted this upmove in very infant stage at 4700-4800 levels when the whole world was scared with the thought of 4000 levels and 12000-13000 levels on Nifty . and they were dumping there stocks at throw away prices and a Smart Trader or investor should make a move then , and indeed we did the same.

Nifty broke out of a traingle at 4840 levels and never looked back .SBIN, JP,ASSO,LIC HF CNX IT ,all broke out of positive triangular patterns .and they have given 40% type up moves.

I try and post charts on weekend or if anything is special i do it in midweek also.

I hope my followers are finding it useful they may contact me at bingotrades@gmail.com .

BinGo !!!

ACC&ONGC LOOKING BEARISH TO ME.AND SHOULD BE A SHORT CANDIDATE ON ANY SORT OF WEAKNESS ON COUNTER GO SHORT.

MOIL LOOKS LIKE A VERY GOOD BUY TO ME.

EDUCOMP

EDUCOMP-LOOKING POSITIVE !!

TRADE LONG.

REVIEW

SBIN -1840 >>>>2080 LEVELS IN ONE WEEK
TATA MOTORS -SL HIT AT 222
JP ASSO-54.50 >>>74
LIC HSG- 230 -32>>>260 LEVELS
NHPC-18>>>20 LEVELS

WE HAVE RODE THIS UPSWING RELATIVELY WELL WITH OUR CHOOSEN STOCKS GIVING US SUPERB RETURNS IN SHORT TERM.'
5200-5250 WILL BE A STRONG RESISTANCE ZONE.
BUT IF IT BREAKS PAST 5200-5250 WE SHOULD TIGHTEN OUR SEAT BELTS FOR A RIDE INTO BLUE SKY.

CAIRN INDIA LTD.

TRADE SHORT CAIRN INDIA WITH A INDICATIVE SL OF 360-62 .
TGT WILL 330 LEVELS.
ITS A STRONG STOCK , DONT STAY SHORT FOR TOO LONG TIME.

SBIN

SBIN CMP -1844---IT HAS BROKEN OUT OF A TRIANGLE WHICH IS A BULLISH PATTERN , ALSO ON CERTAIN OTHER RELAIBLE PATTERNS IT SHOWING UPSIDES.
TRADE LONG WITH A TGT OF 1950 /2000 RS AND SL AT 1800.
TIME FRAME ONE WEEK.

TATA MOTORS

TATA MOTORS HAS SHOWN A BEARISH REVERSAL EVENING START PATTERN YESTERDAY
SHORT WITH A SL AT 222
TGT WILL 207/200

Updation -JP ASSO up almost 25-30%.


date-12/01/2012
ALL STOCKS POSTED ON 10/01 HAVE PERFORMED AS PER EXPECTATIONS.
JP ASS0 UP 10% ,LICHF UP 4%,NHPC ALSO UP 5%.

BinGo !!

NHPC.LICHF,JPASSO

date- 10/01/2012

Posted 3 new charts of LICHF,NHPC,JP ASSO.

Buy all 3 stocks for gains.

LICHF- cmp-231,tgt-245/250
NHPC_CMP-19.50  tgt -23
JP cmp-55 tgt-60/62.50

Technically all 3 stocks are looking ripe for upmove.
trade long only.

BinGo !!!

DIE HARD BULL??

A Die hard bull is a tough person , he will see positive in every negative event.he will always argue that if someone is selling somebody else is buying ,refusing at all cost to believe that markets are not good.

But is this tendency good ??

I dont think so , gone are the days of buy and Hold and make money by passive investments.if one is not agile he will only loose money and loose big time.

Simple analogy for this syndrome, a house takes  4-6 months to get constructed but it takes only 10  minutes if you want to destruct it completely by any mode.Bear takes benefit of this situation they wait for bubble to be built and then they just bring a Sharp Pin near the bubble.and then they enjoy they bubble burst .it happens with almost each  tradeable market.