http://img94.imageshack.us/img94/4458/titanv.png
keep a watch on titan. 260 is the key area where price action needs to be keenly followed. this area is confluence of support, ema 150, fib50. however keep a watch on the results !!!
Bala Sir/Hemant Sir
Roto pumps has closed below its 90 EMA…
Will it go down further ? Waiting to accumulate more…
Regards
Mallikarjun
hi malli, pl remove sir
wait till 123 levels to buy. watch price action around that before buying
Bala paaji
Was at pains to learn Technical Analysis. The way you have explained, made the difference.
Will only stick to 30,120,150 & 365 EMA (Close) , till i learn more.
Thanku:-)
Regards
Mallikarjun
Bala paaji
Ahlcon Parenterals)- The stock is Illiquid… Bid ask price will be high…
Are the charts choppy due to that ?
Fundamentally not too sure about it…Its p/e is high… NPM has decreased (YoY)
Operating Profit and Net Profit have increased. Operating profit from3.97to7.24and Net Profit from1.68to4.27( Dec11- Dec12 )
Promoters areB Braun Singapore Pte Ltd… They acquired it at 460/share from the Indian promoters last March.
Regards
Mallikarjun
http://chartink.com/stocks/TITAN.html
titan. rejected by strong support/resistence zone around 250. good visible pin. also fib retracement of 50% from top 312 to bottom 210. also 250 a round figure. stoploss at 237, take profit1 287, tp2 310
disc : i hold this stock, so my views could be biased
Posting a link that I found useful. The site itself is a good read with a lot of info presented in a simple fashion. Hoping that others interested in TA find it useful too.