Yes, MTNL has indicated buy on daily and weekly. But with 2 days of move, third day could be sluggish. I guess one would be able to catch a retracement. Some of the LT MA’s have turned up, indicating bottom has been made. One may buy here and average down (if it does move down). In case of big moves, wait, it will come back to low 80’s. The volume seen is the biggest since last aug ’08, wherein a down slide began. Hence this could have a meaning of an upturn.
Abe
From: sharetrading@
Sent: Wednesday, January 06, 2010 7:52 AM
To: sharetrading@
Subject: Re: [sharetrading]
Dear Abraham sir
Any thing noteworthy on the techincal side for MTNl - made a good upmove yesterday with good volumes, I could observe that good support on 50 day EMA was taken.
regards and thanks
ekamber
----- Original Message -----
From: A P Abraham
Sent: Wednesday, January 06, 2010 7:40 AM
Subject: [sharetrading]
ASIA
Looking at
today morning presents a mixed bag, with some on sideway drag and others on a roll. Whereas in US, some indices made gains, whereas others was a sideways drag. However in bull zone this is to be expected and not to be seen as weakness. Asia Bull zone rise is a tired slow rise with index on a jump start, and sideways through the day, with scrip’s of the index taking turns to jump. This is not to be taken as an exit signal for negative scrip’s.
Just hold your horses if 5230 is intact…………………… However if individual charts say to exit, better to be wrong than sorry.
Abe
Happy Trading,
United we grow!!!
No comments:
Post a Comment