Tata Motors: looking good

A symmetrical triangle.

I hope I have got it right this time.

Yes, I have clarified. It's a Symmetrical Triangle.

Geometric Ltd: Yes, I am right……

Hi friends once again my analysis was right. As soon as I saw the divergence I tapped my shoulders, told myself “Good  Job!!!”… Soon a day or so MACD showed a negative crossover, conforming what I had told.

Today I am back with supports levels. Even MACD and Parabolic SAR are strong. I hope my supports levels will work.

Rel Com Ltd: Did you see that?

I was in a confusion, calling it a Symmetric Triangle or Descending Triangle. After a short conversation a Technical Analyst told me that it's a Descending Triangle. 

What did i really do,this year?

Hello friends I was bit busy after my exams. On dec 12^th I had completed a year into Stock Market. My personal experience can’t be described in world. I just loved what I did/doing.

A question always hit my mind “what you really learnt in this whole year?”

The answer is mind blowing; you can do anything and everything. You just need dedication; I have a basic rule led by the great Kabir in his Dhohas:

"करत करत अभ्यास के, जड़मति होत सुजान
रसरी आवत जात ते, सिल पर परत निसान"

There are 4 mode of learning and one of them is “Trial and Error Method”. Last whole year I had spent whole of my year I had spent in hunting for knowledge, a right one. In this year I had spent most of my time in confusion, quest and with a bunch of question etc etc

I some time feel, I had spent whole year just looking and learning. Did you know what I learnt? Ok let me be truthful, what your college or university teach is completely different what people do as there career and I have seen such people in market..

·          A person who complete GNIIT in Delhi and work as a successful Broker.

·         A person who complete his M.sc in Bio and work as on stock market analyst.

·         A horoscope reader who give his business a new dimension called “Stock market Astrologer”

·         A person who graduate in Arts and end as a Teacher of TA.

After seeing such people in market I was really inspired. If they can do, why can’t I do. This question dragged me into many sleepless nights at last I decided to enter into a world of “Demand and Supply” . This is a world where even an Expert gets cheated off. An university/ institute will just teach you what is what. I even don’t have that…

Since from my childhood I have a rule “No knowledge goes waste, grab it as much as you can”. I think this may be the reason why my friends call me “scientist”. Last 6 month back I need to decide my stream in college. I had 2 options:

• Finance
• Marketing

This was much difficult to judge. I even took the last minute to think before I let my name into specialized stream.

Finance(Stock market) is my interest and marketing is my talent(where I am good at). I have a deep understanding on Marketing and advertisement, I cant underestimate my talent. It was just 2/3 month that I had Started learning Technical Analysis.

Marketing/Finance din’t give me any difference. I was the only freak in the whole college who used to borrow books on “Investment Management, Option & future Trading etc” I still remember 1^st day in my marketing class where I was asked to leave class as they misunderstood me as a finance guy. I was so dedicated to what I was doing.

When my fellow friends come to know about this “They laugh at me, they insulted me and they criticised me”

Today, I don’t give any guarantee that, I will make my career in Stock Market. But Technical Analysis will be a integral part of my life. I have a deep desire to learn Economics and Fundamental Analysis. I hope I will complete it in next few years.

From 4^th dec I have started a new topic which is not at all related to Stock Market. It is on psychology, it may take another 6 months to complete it so I will give less concentration on TA and other aspects.

Last but not the least

“ you will never come to know the depth of water until and unless you jump into it”

Geometric Limited: “Wait, Watch and Hook”

Geometric Limited is looking attractive according to Technical aspects. The company had managed to break the downtrend channel. I would not recommend to Buy at this level as RSI is “not” showing +ve signals. It would be better if we buy it after a short correction. As geometric have started testing resistance, it would be better if we buy after correction. Geometric have “not” shown any reversal.

As MACD  is bit strong, I feel we may spot a BARR- Bump & Run Reversal. I am confident on my analysis.

“Wait, Watch and Hunch” 

Tata steel ka kya haal hey?

It has been over a month I was tracking TATA STEEL and I was successful tracking the down channel. Today I am back to Tata steel, saying I am willing to see a reversal at 350 or so. Tata steel is having a “Potential Resistance” at 440. Imagine if Tata steel manages to fill the gap catch old trend line it is aswm(A nice dream) ;)  … But from last few months steel industries are not good for investment and seems market may recover at next march. Not only Tata most of the steel sector have gone down.

I have an another theory where I feel market may even struggle to reach +3% and tumble down breaking the trend line what I have shown. Parabolic SAR and MACD are quit neutral so I feel quit nerves to come with a clear decision. But RSI is giving a buy single.

It is better to wait and watch when Tata steel reaches 350.

Doing same in an unusual way!

From last 3 days we have seen bearish signals from MACD. Know I am eager to say that I have spotted a reversal. As you all know I am a great follower of Bollinger Band, and band turning into good supports and resistances.  Even the Parabolic SAR had conformed a long bearish run. Yet I am confident to say that I am eager to see reversal. I hope market will show good support according to fib levels as I have shown in the figure. I am also eager to see how MA are going to work. Normally 20d and 100d are not a good combinations yet I am willing to try something “New”….