Indian Stocks - Technical Analysis

The stock or capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors. Stock is distinct from the property and the assets of a business which may fluctuate in quantity and value.

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Long Tail Down in Unitech - Technical Analysis

In today's trade (Nov 22, 2010) unitech has formed long tail down in point and figure technical chart. It has formed 25 boxes tail starting from Nov 11, 2010 to Nov 19, 2010.During this period the stock went down by 25 points or 30%. In Bar chart the RSI is at 26.4 and Willam's %R is at 85.55. There are too much of sellers than buyers.The stocks is being in bearish mode for quite sometime.

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Shares of RNRL (Reliance Natural Resource Limited) to stop trading from Nov 10, 2010

Shares of Anil Dhirubhai Ambani Group company Reliance Natural Resources (RNRL) will stop trading from November 10, 2010 onwards due to scheme of arrangement with Reliance Power.

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Bharti Airtel forms Bearish Catapult in Point and Figure Chart

In point and figure chart Bharti Airtel has formed Bearish Catapult pattern.
It has formed triple bottom around 320 levels. It also formed lower bottom and lower tops. This chart is so weak in chart, it could potentially touch 300-280 level. It will be a false signal if it takes 350 level with reasonable volume.

Why Technical Analysis?

The Stock Market rewards the people who reads it right; it also gives you penalties when you are careless, dozing, or "unlucky". No wonder it has attracted accountants, analysts and researchers, and ordinary hopeful citizens. Our brain always sought, and continue constantly seek, for safe and sure methods of appraising the state and trend of the market, and tries to discover the right stock to buy and the right time to buy it.


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SKS Microfinance went down by 50% from its peak

Share price of SKS Microfinance slides by 20% on 18-Nov-2010, because of a move to monthly collections from weekly to comply with new regulations, sending its shares to an all-time low.

For more: SKS Microfinance went down by 50% from its peak