Hi Renukaji,
Usually all these analysis fails in INDIAN Market ..you remember when market gets down upto even circuit limit that is 10% ..15%..as per timing ...then where these technical charts exist...so in my view better if one can buy fundamentally good stocks ..here fundamentally means various factors ( debt , cash in hand , qtrly results , mgt qty , EPS , dividend , future plans...etc).
I beilieve in this market every time there are 100+ companies which are currently growing with more than speed which INFOSYS had shown ...
Thanks.
VPG
Usually all these analysis fails in INDIAN Market ..you remember when market gets down upto even circuit limit that is 10% ..15%..as per timing ...then where these technical charts exist...so in my view better if one can buy fundamentally good stocks ..here fundamentally means various factors ( debt , cash in hand , qtrly results , mgt qty , EPS , dividend , future plans...etc).
I beilieve in this market every time there are 100+ companies which are currently growing with more than speed which INFOSYS had shown ...
Thanks.
VPG
You clearly don't follow the things closely Vinit ... Here everything is not based on technicals ... hence please read before posting ...
And who told you that Fundamentals don't fail ... If I start giving you the list, you'll keep questioning these ratios ... Hence, let's leave it ... Also pick up the list of stocks that have been mentioned here ... very rarely u'll find a stock which is not fundamentally good ...
Regarding your "where do technicals exist when market's hit circuit" ... I think ONLY technical's exists when such scenarios happen ... probable timing is something technical's can give ... and fundamental's can give u the overall health of the market ... hence when u combine both ... u get a very strong signal ... thts wht we do here ..
Also, your "INDIAN" market philosophy does not hold true. Are you trying to say that people like Martin Pring, Steve Nison and rest are naive to apply technicals on Asian (indian markets). Well, I'll seriously doubt your aptitude in the stock market's then. They are the kings of market and we r mere mortals ... and I'd follow their opinion ... You are however encouraged to hold your own belief. What you are talking about is more relevant in case of support and resistance ... and these are the two words which I rarely mention ...
Tc.
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