Sunday, June 27, 2010

RCOM move is suspected by Dhanvarsha

Hi
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 ...




Windy

Shocked

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