IFCI :: from a multi bagger to a complete disaster

[rajesh.sadhanala]

Heavy buying seen in this counter @78. Not sure how long does it prolong.. Good chances of recovery for the day..

 

[sudoku1]

Heavy buying seen in this counter @78. Not sure how long does it prolong.. Good chances of recovery for the day..

IFCI...is an exit call...only a sustained close abv 87.50 will alter the bearish outlook!

 

[rajesh.sadhanala]

IFCI...is an exit call...only a sustained close abv 87.50 will alter the bearish outlook!

Agree with you on daily charts.. I was talking for the day.. i.e. intraday. However one can keep with the weekly trend by hedging with options..

Raj

 

[ns_karthik]

hi,
if u go by the charts, u could see that IFCI became a sell on the 17th itself (daily charts)....once again goes to show that technicals reflect the fundamentals as well....if some disaster is abt to happen to some company, the news does seep into the market and that does get reflected in the technicals.....

 

[jrfab]

hi,
if u go by the charts, u could see that IFCI became a sell on the 17th itself (daily charts)....once again goes to show that technicals reflect the fundamentals as well....if some disaster is abt to happen to some company, the news does seep into the market and that does get reflected in the technicals.....

Perfect is what I would say 4 what u have written ,,, I and many others im sure would second the thght given by you ,,, technicals always give signals of things to come and fundamentals follow .... BRAVO !!!!

 

[winstonn]

hi,
if u go by the charts, u could see that IFCI became a sell on the 17th itself (daily charts)....once again goes to show that technicals reflect the fundamentals as well....if some disaster is abt to happen to some company, the news does seep into the market and that does get reflected in the technicals.....

Hi Karthik, if you had been knowing this sell signal? did u post it here? and what was the sell signal?

Hey ! this is not to oppose you or not to let u down.
This is my genuine question, so that i could get a real answer.

Take care,
Winston

 

[sringesh]

hi,
if u go by the charts, u could see that IFCI became a sell on the 17th itself (daily charts)....once again goes to show that technicals reflect the fundamentals as well....

You are right. There was a sell signal. But we were thinking that this prolonged(six month) bid process will come to an end and the least price they can offer is 107-108(according to sebi rule) and the party was ready to pay 110 per share. And the rest is history.
Thanks for active participation and information.

 

[surfingminds]

hi,
if u go by the charts, u could see that IFCI became a sell on the 17th itself (daily charts)....once again goes to show that technicals reflect the fundamentals as well....if some disaster is abt to happen to some company, the news does seep into the market and that does get reflected in the technicals.....

Its true that Techinal chart would reflect the market behaviour and provide Buy or Sell signal and offcourse its ultimately driven by the fundamentals.

But How do we identify this signal ? I never gave time to analyse the technical charts. Now it seems i should get equipped with this art tooo. Fundamentals with technials
Now I started thinking that Technicals with Fundamentals?
which should come first. while researching should i investigate fundamentals then see technical charts. or first see the technical charts and do fundmental analysis.

 

[ttthakur]

hi,
if u go by the charts, u could see that IFCI became a sell on the 17th itself (daily charts)....once again goes to show that technicals reflect the fundamentals as well....if some disaster is abt to happen to some company, the news does seep into the market and that does get reflected in the technicals.....

You r perfectly right in saying that Ifci gave a sell signal on daily charts on 17th itself, which was confirmed by two black candles of 18th and 19th instant. However, even the great chartist Shri Ashwani Gujral gave a sell call on 20th, when the horse had already bolted. Even Rajat Bose gave a short sell call on 19th but as intra-day call. Thus, even the great chartists did not read what the charts foretold.
As regards, we retail investors, I personally thought that when fat cats Sterlite and Morgan have jointly bid , the positive outcome was foregone conclusion.
In hindsight, the charts have again won over overconfidence and it seems insiders have deceived retails investors.
Costly Lesson: Follow the charts and dont live by hopes. We live in India, Mera Bharat Mahaan. Will Sebi investigate the whole episode in interests of retail investors taken for a ride.

 

[amitt29]

It will be fun.