I am a firm believer of technical indicators and know that news is supreme and can rule on technical indicators ...and I know that which moves are based on news and which are planned... now here I have many doubts behind the move of RCOM and the propaganda in market on RCOM ..
I am confused why some trading firms / brokers launched buy call on RCOM ...because it was making lower highs and lower lows since 4 sessions ...
all other technical indicators were bearish ...
on Thursday was closed at 188 .00
it was closed below 190 since last 5 sessions ...
I saw 1 call on r com was issued like this ...
Buy RCOM @190 SL at186 Tgt @205-210 intra day TGT 230 in 1 week .....
My doubt was, the stock which was trading below 190 and making lower lows and highs continuously how did it jump above 190 ...????
was opened at 188 .00 on Friday... who bought 188.00 to 190 .00 coz we saw the message was for buying was buy at 190.00 with sl of 186.00 ...
it means someone was there who was ready to buy complete RCOM above 186.05 to 190 .00 and ready to store it at any extent ...
coz of prestige issue ...if SL hits .....
any way RCOM opened ..they bought RCOM from 187 to 190 and after that u all started buying ... and the off loaded their stuff to u all ...
190 to 194 they were selling what was accumulated in 3- 4 sessions and u all buying in the hope of 205 >>> 210 and even 230 coz greed was there ...
what do u think it is so simple ...190 to 230 means 40 INR meaning more than 20 % in a week quite easy ...
reasult was at 3PM stock was at the point from where it started... means below 189 .00.. please have a look ...
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