IFCI :: from a multi bagger to a complete disaster

[gisurgeon]

What is the future of this stock? Short term and long term.

 

[gisurgeon]

what
is
the
future?

 

[winstonn]

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.

does this set up foretells that there will be a tank in stock prices? with what probability? have you back tested for more than thousand's of trading sessions?

do not take me in negative sense! my point here is that if u alone draw conclusion on IFCI basis that certain pattern works, you are wrong. Next time u see such set up, you will short heavily! and can blow up ur A/c.

Please do back test vigorously and Draw conclusion

Take care,
Winston

 

[stock909]

hello everybody

 

[stock909]

hello ...........................

 

[jrfab]

Ok guys its abt time this thread got a rating ,,, after all we are discussing one of the most actively traded stocks in the market ,,,, so lets get some ratings goin

 

[ns_karthik]

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 !!!!

thanks mate!!

 

[ns_karthik]

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

Hi winston,
no offense taken...but i joined the forum only a couple of days back!!

 

[ns_karthik]

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.

there are various ways of doing analysis using technicals....some go by candles and pure price action while others go by indicators....if u r starting out with techncals, go for indicators first cos it takes time to get used to price action...

 

[ns_karthik]

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.

classic example of why u should not blindly follow what others (however great they may be) say...learn technicals by urself and reconfirm ur signals by what others say....dont ever just go by what others say...this i have learnt thru exp....