Tuesday, September 8, 2009

Fwd: OIL INDIA





LOOK AT COPARISION OF OIL INDIA WITH PEER COMPANIES



Fwd: 5 DAY CHART



LOOK AT CHART ATTACHED






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UPDATE AT 12.33 PM

RSI TRENDLINE HAS GIVEN SUPPORT AND WE ARE OBSERVING BOUNCE EXACTLY FROM THERE. WAIT FOR BREAK OF IT FOR DOWN MOVES

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MARKET BROKE RSI SUPPORT LINE AND ON BREAK OF IT WE LOST APPRX 150 POINTS FROM TOP IN FEW MINS

QUOTE FROM BLOG OF SUDARSHAN SUKHANI

Market is bigger than any analysis ( including yours! ) ; The trend is intact until it is broken ( i.e. do not anticipate end of a trend); Focus on following a disciplined strategy rather than focusing on making the correct call as that is what works in trading."